Tag: cancels

Iran cancels Pak power import deal

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STAFF REPORT IBD: Pakistan’s efforts to export wheat to Iran, aimed at paying outstanding bills for electricity import, have been frustrated as state-owned Trading Company of Iran has cancelled an export contract under a barter trade agreement. According to sources, the issue came up for discussion at a recently held meeting of the ECC in which the body was told that Iran had scrapped the contract for export of 30,000 tons of wheat. According to officials, Pakistan had agreed to…Read More