Karachi, December 7, 2023 – Hassan Nourian, the Consul General of the Islamic Republic of Iran, disclosed comprehensive plans to elevate economic collaboration with Pakistan during a meeting at the North Karachi Association of Trade & Industry (NKATI).
Addressing a distinguished gathering that included President NKATI Faisal Moiz Khan, Vice President Naeem Haider, Asfer Hussain, Chairman Diplomatic Committee, and other members, the Consul General emphasized the enduring cultural bonds between Iran and Pakistan, particularly in the region of Balochistan, where shared borders are defined by deep-rooted cultural affinities.
Nourian unveiled ambitious proposals to expand economic ties between the two nations. Currently, nine operational border markets are set to be augmented by an additional six, spanning an extensive 900 km. This strategic initiative aims to boost economic activity and trade between Iran and Pakistan.
The Consul General proposed the organization of a single-country exhibition in Tehran and other Iranian cities to showcase the quality of Pakistani products, fostering awareness among Iranian consumers. Pledging support to the North Karachi Association, Nourian committed to providing crucial Trade & Exhibitions information, further strengthening bilateral ties.
Addressing visa procedures, Nourian assured a streamlined visa process for Iran, encouraging more frequent exchanges between the two countries. Acknowledging the existing trade balance that favors Iran, the Consul General expressed a steadfast commitment to achieving a more equitable distribution of imports and exports.
He announced the signing of Memorandums of Understanding with key chambers of commerce, heralding the establishment of a Business Council for Pak-Iran. Additional MoUs for counterparts in Iran aim to deepen economic cooperation, fostering greater collaboration.
To address trade impediments, Nourian urged the establishment of a direct payment channel through the creation of a Pak-Iran Bank, simplifying payment procedures. He stressed the need for a “Barter Trade System” in essential commodities to foster a more efficient and mutually beneficial trade relationship.
Highlighting the Gas Infrastructure Pipeline, the Consul General called upon Pakistan’s government to expedite discussions, enhancing energy infrastructure. These developments signal a new era of strengthened diplomatic and economic ties between Iran and Pakistan, promising increased collaboration and prosperity for both nations.
Faisal Moiz Khan, President of NKATI, warmly welcomed Consul General Hassan Nourian, marking a significant milestone in Pakistan-Iran relations. Khan emphasized the historical alliance, citing Iran as the first country to recognize Pakistan post-independence.
Addressing ongoing efforts to enhance connectivity, Khan detailed infrastructure projects, including the upgrading of the Quetta-Taftan highway and the establishment of new border crossing points. Negotiations on the Iran-Pakistan gas pipeline project underscored the commitment to deepening politico-economic engagement and fostering mutual trust.
He outlined a robust strategy to boost the trade relationship, emphasizing the diversification of traded goods, active negotiation of trade agreements, and the attraction of foreign investment. The strategy also focuses on streamlining customs procedures and border facilitation, with considerations for secure financial mechanisms and alternative payment methods.
Faisal Moiz concluded by stating that these initiatives aim to create a foundation for a robust and mutually beneficial trade relationship, contributing to the prosperity and development of both Pakistan and Iran. The collaborative effort reflects a shared vision for a more interconnected, sustainable, and prosperous future.
