Tag: Pakistan-Iran

KARACHI: Customs authorities of Pakistan and Iran should be connected for improving bilateral trade between the two neighboring countries.

Consul General Hassan Nourian, Consul General of Iran said there were two issues impeding trade i.e. banking channel transactions and second one is absence of proper bilateral trade regime between the two countries.

Regarding barter trade, he suggested developing an active linkage to resolve two countries’ two customs related issues by connecting customs of two countries.

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On the IPI & TAPI gas pipeline, he said that India is no longer part of the project and finally Iran and Pakistan need to proceed with the project.

He said that it is our second visit to SITE Association of Industry, and informed that during this visit of delegation, three MoUs have been signed. In the month of January 2023, Iran Single Country Exhibition is being organized at Karachi Expo Centre, and proposed that a similar exhibition may also be organized by Pakistan in Tehran, Mashhad or Isfahan.

A businessmen delegation from Islamic Republic of Iran visited SITE Association of Industry, and met President Riaz Uddin, office bearers and Executive Committee members to discuss the matters of enhancement of bilateral trade relations between the two brotherly countries.

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The delegation was headed by Yaganeh Fard, President Chamber of Commerce Zanjan. Consul General of Islamic Republic of Iran H.E Hassan Nourian, Commercial Attaché Hossein Amini were also present in the meeting. Riaz Uddin, President, SITE Association of Industry, Abdul Kadir Bilwani SVP SITE Association, VP Muhammad Hussain Moosani, Former President Abdul Rasheed and Abdul Hadi, Muhammad Kamran Arbi, Anwer Aziz, Azeem Motiwala, Haris Shakoor, Imran Ghani and others were also present in the meeting. Iranian Businessmen delegation visited a renowned Textile unit to see the manufacturing process.

Leader of the Iranian Businessman delegation Yaganeh Fard, President Chamber of Commerce Zanjan, on this occasion said that Pakistan and Iran have many things in common including trade, but the trade volume is much below the abilities and potential of the two countries.

The businessmen and products of the two countries should be introduced to each other and for this purpose, travelling and participation in exhibitions are important.

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“Trade is a two-way road we can engage ourselves through partnership, joint investments and production. He added that Iran is facing difficulties due to US sanctions imposed and barter trade is a welcoming sign amid such sanctions. The target of $5 billion trade volume per annum has been set.”

Riaz Uddin, President, SITE Association of Industry welcomed & thanked the valued guests from Iran and thanked the Consul General for making efforts to promote business ties between the two countries. He said that Iran was the first country to recognize Pakistan at the time of its birth. In reciprocation Pakistan was amongst the first countries who recognized Islamic Revolution of Iran.

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“Trade volume is extremely low as we are unable to avail the opportunities available in the brotherly country Iran. Pakistan needs basic commodities like oil gas petrochemical products, particularly Gas which is badly needed by industries and Iran has abundance of gas”, he said, adding that there has been development for barter trade with Iran but there is need to expand its operations to entire Pakistan and remove legislative barriers.