ISLAMABAD – The Ministry of Commerce and Trade Development Authority of Pakistan (TDAP) have jointly unveiled a digital barter trade system aimed at modernising non-cash trade among Pakistan and its trading partners.
The platform provides businesses with an efficient digital interface to exchange goods and services without the need for foreign currency, reducing pressure on Pakistan’s foreign exchange reserves. Officials stated the system will help small and medium-sized exporters access new markets by enabling direct trade agreements with overseas buyers.
The initiative includes registration portals, product catalogues, trade finance tools, and blockchain-enabled record keeping to enhance transparency and traceability. It is expected to support trade diversification and economic resilience amid global currency volatility.
In its initial rollout, the minister highlighted pilot exchanges with Central Asian and Middle Eastern partners. According to government sources, further expansion to include Southeast Asian and African markets is planned in the next phase.
Experts have welcomed the digital barter system, noting that it aligns with international trends in fintech and digital trade facilitation. However, they emphasised that success will depend on timely deployment, rigorous cybersecurity measures, and sustained private sector engagement.
This story has been reported by PakTribune. All rights reserved.
