ISLAMABAD: Pakistan will finalise a long-delayed deal to export $9 million worth of wheat to Iran within weeks, a finance ministry spokesman said on Wednesday.

Pakistan is negotiating to send 100,000 tonnes of wheat in partial payment for electricity supplies from Iran.

Pakistan owes Iran $53 million for the imports but its cash-strapped state power company has no means to pay.

Talks are underway among Pakistani ministries to settle the finer details of the deal, said finance ministry spokesman Rana Assad Amin.

He said he expected the talks to be wrapped up within a few weeks.

The wheat shipment was due to be delivered to Iran in mid-February but has been repeatedly delayed by wrangling between the two nations and preparations for Pakistan's May 11 election.

Food imports are not affected by Western sanctions on Iran.

But sanctions on oil exports have dried up the country's cash flow, hindering its ability to pay for much of the food it imports.

Pakistan is battling a chronic energy shortage that has eviscerated industry and sparked public outrage.

The government insists that companies sell power for less than the cost of production, leaving them unable to pay for fuel or imports.

Follow Dawn Business on X, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Momentary relief
10 May, 2026

Momentary relief

THE IMF’s approval of the latest review of Pakistan’s ongoing Fund programme comes at a moment of growing global...
India’s global shame
10 May, 2026

India’s global shame

INDIA’s rabid streak is at an all-time high. Prejudice is now an organised movement to erase religious freedoms ...
Aurat March restrictions
10 May, 2026

Aurat March restrictions

THE Sindh government’s 28-point list of restrictions imposed on Aurat March Karachi is a distressing example of...
Removing subsidies
Updated 09 May, 2026

Removing subsidies

The government no longer has the budgetary space to continue carrying hundreds of billions of rupees in untargeted subsidies while the power sector itself remains trapped in circular debt, inefficiencies, theft and under-recovery.
Scarred at home
09 May, 2026

Scarred at home

WHEN homes turn violent towards children, the psychosocial damage is lifelong. In Pakistan, parental violence is...
Zionist zealotry
09 May, 2026

Zionist zealotry

BOTH the Israeli military and far-right citizens of the Zionist state have been involved in appalling hate crimes...