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Wysłany: Pią 6:00, 05 Lip 2013 Temat postu: tory burch flats Iranian services set for barter t |
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Iranian services set for barter trade,[link widoczny dla zalogowanych]
KARACHI: Cashstrapped Pakistan alloy Mills(PSM) And the us government Trading Corporation(GTC) About Iran, Already obtain, In main, Agreed to prepare barter trade to make their survival possible, Based on officials.
"Pakistan Steel Mills will import iron ore from Iran against export of wheat to the adjoining country, Said Major all round Muhammad Javed(Retd), Ceo of Pakistan Steel Mills. The sanctions resulted in halt of trade between Pakistan and Iran as banks stopped providing their services(For example,[link widoczny dla zalogowanych], Opening letter of credit and making financial matters) For trade within the two countries.
The CEO said that Pakistan has already agreed to export wheat to Iran and considering importing iron ore in return of wheat.
"Pakistan would export one million tons wheat to Iran in a season's time.
This includes 0.1 million tons wheat export by Pakistan Agriculture Storage and Supply co(Passco), While the residual 0.9 million tons will be exported finally, before using that from private sector,
He said that it will be depending upon the federal government of Pakistan as how much iron ore it wants to import in exchange of wheat,[link widoczny dla zalogowanych].
Regardless, Pakistan chrome effect Mills needs some 1.4 million tons iron ore every year to run the mills at breakeven position, He was quoted saying.
If Pakistan Steel was provided the essential quantity of raw material and finances as well than the PSM will be operating at breakeven position of 70 percent capacity utilisation in the next 12month time.
Nonetheless, Pakistan Steel is already utilising 15 percent of the total installed capacity of 1.1 million tons developing per annum, Said another authorised.
He declared that the liability of the PSM have piled up to Rs185 billion since July 2008,[link widoczny dla zalogowanych]. This taken into account Rs80 million losses and Rs85 billion loans,[link widoczny dla zalogowanych].
Javed said that he has held a number of meetings with secretaries and other officials of the ministry of commerce and the ministry of production and Iranian embassy in Islamabad to speed up swimming pool is vital barter trade.
Quicker, A fourmember delegation of Pakistan Steel Mills visited Iran keep away from 2012 and held meetings with five companies of Iran to arrange barter trade between the two countries. The delegation was walked by the Pakistan Steel Mills CEO.
A representative for the Mills said that another Iranian company,[link widoczny dla zalogowanych], Iran Central Iron Ore opportunity, Might think about doing barter trade and exchange iron ore for wheat.
Pakistan is having longterm agreements with Iranian companies to import iron ore known as. "US economic supports are just hindering import of raw, He placed.
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