By Muhammad Usman
The Senate Standing Committee on Commerce has given a thumbs up to the Economic Coordination Committee (ECC) for approving a new Barter Trade Framework. This update is seen as a big move to make trade easier and more transparent in the region.
At a meeting led by Senator Anusha Rahman, the committee learned that the new framework came after discussions with key groups. These groups included the Ministries of Foreign Affairs, Finance, Revenue, the State Bank of Pakistan, and the Federal Board of Revenue. Jawad Paul, the Federal Secretary of Commerce, explained some of the major changes.
Key Changes in the Barter Trade Framework
One of the biggest updates is that the settlement period for barter trade has been extended from 90 days to 120 days. In addition, the old rule that required “import followed by export” has been replaced with a much simpler “imports/exports” system.
The list of tradable goods now matches the Import and Export Policy Orders (2022). Also, the definition of sanctioned entities has been updated to meet international standards.
A Big Step for Trade with Neighboring Countries
Both the Ministry of Commerce and the Quetta Chamber of Commerce and Industry (QCCI) thanked the committee for their hard work in getting the framework approved.
Officials believe the new system will help fix paperwork problems and make trade between Pakistan, Iran, Afghanistan, and Russia run more smoothly. It’s a big move toward more practical and effective trade policies.
Reopening the Badini Border to Boost Trade
The committee also discussed plans to reopen the Badini border with Afghanistan, which will help improve trade and strengthen connections between the two countries.
On September 29, 2025, various ministries agreed on the plan. Then, on October 2, the Ministry of Commerce asked the Ministry of Foreign Affairs to coordinate with Kabul to make the border operational again.
If all goes well, Customs in Quetta will need about three months to get ready. They will need to set up staff, build roads, and make sure there is electricity and housing. The Balochistan government is also working to make sure everything runs smoothly.
Simplifying Foreign Business Chamber Registration
The committee also talked about making it easier for foreign business chambers to register in Pakistan. They want to simplify the process, especially for countries like China, where language and paperwork can be difficult.
Finally, the Ministry of Commerce presented a report on CEO salaries at State-Owned Enterprises (SOEs) over the last five years. Senators called for more transparency, pay based on performance, and a standard pay policy for all SOEs.
The meeting was attended by Senators Sarmad Ali, Amir Waliuddin Chishti, Bilal Ahmed Khan, and Muhammad Tallal Badar, along with senior officials from the relevant ministries and departments.
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