The National Bank of Pakistan (SBP) has not opened any official banking channels with the Iranian and Russian markets as their potential cannot be tapped, said the Pakistan Business Forum (PBF).
PBF Vice President Ahmad Jawad said, “SBP should facilitate exporters, especially for the Iranian and Russian markets, by issuing timely e-forms and making special arrangements for banking channels,” The Express Tribune reported.
“The Iranian market can absorb between 60,000 to 80,000 tons of kinnow per year, while the size of the Russia-Ukraine-Belarus market (the world’s largest importer of oranges) for Pakistani citrus fruits can be doubled in a short time from now. 50,000 tons on the condition that the government establishes an official banking relationship,” said Jawad.
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