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Smuggled low-priced Iranian goods provide some relief to consumers amid high rates of local and imported items. Dawn/File
KARACHI: Smuggled low-priced Iranian goods provide some relief to consumers amid high rates of local and imported items.
A huge potential for Iranian products – particularly packaged food and confectionery items – exists in Pakistan. However, sanctions on Iran by the United States coupled with lack of banking channels and other trade bottlenecks are the main hurdles in boosting legal trade between Iran and Pakistan.
Stakeholders also appear a bit reluctant about revealing whether the arrival of Iranian goods is via legal or illegal channels.