The Ministry of Commerce has approved a 60-day temporary relaxation in export regulations for selected goods destined for Iran, easing the requirement for exporters to submit mandatory financial instruments under Clause 3 of the Export Policy 2022.

According to official sources, the decision was approved by Commerce Minister Jam Kamal to facilitate trade amid the continued absence of a direct banking channel between Pakistan and Iran. The temporary concession will remain effective from July 2 to August 30, 2026.

The relaxation applies to exports of bananas, mangoes, and meat shipped to Iran by air, while rice, potatoes, meat, gelatin, maize, sesame, and animal feed exported through land routes will also qualify. In addition, Pakistani exporters transporting rice to Central Asian countries and Azerbaijan via Iran will be eligible for the concession.

Under the existing Export Policy 2022, exporters are generally required to comply with the State Bank of Pakistan's (SBP) foreign exchange regulations by submitting prescribed financial instruments for export transactions. However, the lack of a direct banking mechanism with Iran has prompted the government to temporarily waive this requirement for the specified exports.

The Ministry clarified that the relaxation is limited to the submission of financial instruments under Clause 3 and does not exempt exporters from complying with other applicable foreign exchange regulations. The measure is intended to support exporters, facilitate regional trade, and ensure the uninterrupted flow of eligible exports during the temporary relief period.