Pak-Iran trade

Reiteration to go ahead with the ambitious gas pipeline project and cementing trade was a good omen

Feasibility study was carried out at an estimated cost of $698 million

The Iran-Pakistan gas pipeline will further strengthen bilateral ties between the two countries

Both will establish formal channels in their respective currencies

Ministry asks SBP and private banks to form consortium to resolve the matter

Sees terrorism as common concern for both sides

Any delay will allow India, which is already active, to fill vacuum

ICCI chief emphasises need of diversification of bilateral trade

FPCCI chief suggests direct cargo flights, cooperation between ports

Pakistan, Iran will sign five-year Strategic Trade Cooperation Plan during Rouhani’s visit

MCCI President said Pakistan should enhance electricity imports to 1,000 megawatts

Rice, meat products, auto parts can be exported by improving quality

State Bank of Pakistan says payment in dollars is risky as some sanctions are still in place in US

Ministry looks to draft ways to increase bilateral trade volume

Will be held in Karachi next week, commerce ministry hopes of trade revival

Will Iran emerge as Pakistan’s major trading partner after the lifting of international sanctions?

Most of Balochistan has no fuel pumps, relies on illicit oil flow from Iran

Five-year bilateral trade roadmap seeks diversification

Many refineries have long-term contracts with other crude suppliers

Banking channels to be established, but transactions in dollars to be avoided

Wants business communities of both countries to explore potential areas

The minister said that Pakistan had already fulfilled Afghanistan’s demand to exempt checking of its goods on seaports

Country must restructure industrial sector, close porous borders, says business community

Food security ministry holds discussion, decision to be taken soon

Ghazi was leading a delegation during a visit to the Karachi Chamber of Commerce and Industry