‘Iranian investors eyeing trade with Pakistan’

Ambassador to Iran stressed need for trade bodies of both countries to further strengthen bilateral relations

LAHORE:

Pakistan’s Ambassador to Iran, Muhammad Mudassir Tipu, discussed the challenges and opportunities for enhancing bilateral trade between Pakistan and Iran. He stressed the need for the trade bodies of both countries to further strengthen bilateral relations, as per a press statement released on Monday.

“We are working on institutionalising barter trade with both countries. Iran trades with other neighbouring countries, and trade with Pakistan is also possible, for which we must make positive efforts. Iran’s major investors also seek to invest in Pakistan,” he said.

He conveyed these views while addressing the business community at the Federation of Pakistan Chambers of Commerce and Industry’s Lahore Office.

The envoy shared highlights of Iranian President Ebrahim Raisi’s recent visit to Pakistan, pointing out that this visit signifies the strong bonds between the two nations and the alignment of their authorities in various aspects. FPCCI Regional Chairman and Vice President Zaki Aijaz noted that Pakistan and Iran have great potential for promoting bilateral trade, stressing the importance of regional trade and the need for dedicated efforts. He pointed out that despite strong ties of friendship, bilateral trade faces challenges such as transportation, tariff and non-tariff barriers, banking channels, and currency issues.

Published in The Express Tribune, April 30^th, 2024.

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