Iranian Ambassador to Pakistan Mohammad-Ali Hosseini and Pakistani Finance Minister Senator Mohammad Ishaq Dar mentioned the methods for growing commerce between the 2 international locations in a gathering in Islamabad on Sunday.
Expressing their satisfaction that the commerce between the 2 international locations exceeded US$2 billion, the 2 sides emphasised the necessity to take more practical steps to strengthen financial cooperation and assist increase commerce relations.
Throughout the assembly, the minister stated that Pakistan attaches nice significance to its relations with the pleasant and brotherly nation of Iran.
Appreciating the efforts of the Iranian ambassador throughout his diplomatic mission in Pakistan with a view to strengthen the brotherly relations between the 2 neighboring international locations, Senator Ishaq Dar praised the measures taken particularly within the business and financial fields.
Expressing their satisfaction with the worth of commerce between Iran and Pakistan, which has exceeded US$2 billion, the 2 sides emphasised the necessity to establish new methods to assist improve commerce and develop financial cooperation.
Emphasizing the nation’s financial outlook, Pakistan’s finance minister expressed confidence that regardless of financial challenges, Pakistan is on the trail of progress and growth.
Iranian ambassador to Pakistan for his half, appreciated the cooperation and help of the Pakistani authorities for the event of bilateral relations in numerous fields, and said that the potential capacities of Iran and Pakistan are the principle issue for the growth of joint cooperation.
He added that bilateral commerce between Iran and Pakistan has now reached US$2.4 billion, however it isn’t appropriate with the nice political and folks relations of the 2 neighbors and extra efforts ought to be made to help the enterprise group of the 2 international locations.
Again in January, Iran and Pakistan signed a Memorandum of Understanding (MOU) to facilitate bilateral commerce between the 2 international locations.
The MOU was signed by Head of Iran’s Commerce Promotion Group (TPO) Alireza Peyman-Pak and Head of the Commerce Improvement Authority of Pakistan (TDAP) Muhammad Zubair Motiwala.
Primarily based on the MOU, which was signed on the sidelines of Iran’s Unique Exhibition in Karachi, the events pledged to change enterprise info, help one another’s personal sectors, and supply the circumstances and context for the presence of their commerce delegations within the different nation.
It was additionally agreed that each side would take all the required measures to facilitate holding exhibitions within the reverse nation, each time required.
Talking within the signing ceremony, Peyman-Pak stated that signing this MOU was indicative of the 2 sides’ willpower for eradicating the obstacles in the best way of bilateral commerce and prepares the bottom for the businesspersons of each side to bolster cooperation.
He thought of the holding of unique exhibitions, exchanging commerce delegations and funding in joint manufacturing models as constructive steps for figuring out the capacities and wishes of the 2 international locations and expressed hope that such occasions would proceed.
The TPO head additional talked about some obstacles and infrastructural issues which are hindering the 2 international locations’ mutual commerce, together with lack of banking relations, issues associated to sea transportation and logistics, and tariff-related points, saying that the Iranian authorities is keen to resolve such issues in collaboration with the Pakistani authorities.
Motiwala, for his half, stated that the signed MOU is thought to be a serious step to reinforce bilateral commerce to achieve the goal of US$5 billion yearly.