In the most basic explanations of human civilization provided in social studies textbooks, humankind evolved from an economic system that was based on barter trade all the way to the high-rolling and often confusing world of capital markets today. However, barter trade still has its place in the world today. On the one hand, it exists in more sophisticated forms, such as in the advertising industry, where one company sells its available ad space to another company in exchange for the right to advertise on the second company’s space.
However, barter trade also exists in some of its archaic form in the world today. Just recently, the Ministry of Trade issued a notification on 7th April to lay down the procedure for barter trade between Iran and Pakistan. Officials believe that this move will increase the bilateral trade from the existing level of $1 billion to $5 billion.
A preferential trade agreement was signed between the two countries back in 2006 but it failed to increase bilateral trade as the US heavily sanctioned the Iranian economy. The content in this publication is expensive to produce. But unlike other journalistic outfits, business publications have to cover the very organizations that directly give them advertisements. Hence, this large source of revenue, which is the lifeblood of other media houses, is severely compromised on account of Profit’s no-compromise policy when it comes to our reporting. No wonder, Profit has lost multiple ad deals, worth tens of millions of rupees, due to stories that held big businesses to account. Hence, for our work to continue unfettered, it must be supported by discerning readers who know the value of quality business journalism, not just for the economy but for the society as a whole.To read the full article, subscribe and support independent business journalism in Pakistan
is it easy/convenient to do trade with iran? what are the issues and how to deal with them? kindly help me about it. thank you
Nice blog.Thank you so much for sharing this amazing information with us.
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