Pakistan has temporarily eased banking rules for exports to Iran and Central Asia. The move removes financial barriers like bank guarantees and letters of credit. Exporters expect faster deliveries and lower costs under this policy. The Ministry of Commerce issued the exemption under the Import and Export Control Act 1950. It waives a 2022 rule […]
pharmaceutical exports Pakistan
Pakistan’s $200m medicine trade halted by border closure
Pakistan’s pharmaceutical exports to Afghanistan have suffered due to a three-month closure of Torkham and Chaman borders. Officials said the disruption has halted medicine-laden trucks, causing huge financial losses. Afghanistan is one of Pakistan’s largest medicine markets, worth $150 million to $200 million annually. Former Pakistan Pharmaceutical Manufacturers Association (PPMA) chairman Dr Kaiser Waheed said […]