Pakistan easing regulation to boost food exports to Iran

Pakistan is easing a key financial regulation to facilitate food and agro-based exports to and through Iran. The change allows exporters to send goods without letters of credit or bank guarantees, which were difficult to secure due to international sanctions on Iran. This decision comes as Iran's importance as a transit country for Pakistan increases due to tensions with Afghanistan. The policy shift is also framed within the context of a regional conflict involving the US, Israel, and Iran, with Pakistan seeking to manage its relationships and capitalize on opportunities in shipping and food exports.