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Money hang-up

September 13-2013

Pakistan has ordered 18 electrical transformers from Iran for $46 million.  But they haven’t left Iran because of sanctions.  “Yes, our transformers have been held in Iran as no mechanism has yet evolved to make the payment,” a senior official of the Water and Power Ministry told The News of Pakistan.   He said the ministry was looking into the possibility of a barter deal with Pakistan paying in wheat or rice.

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