En­voy: Iran, Pak­istan to boost trade to $5b

Iran Daily - - Domestic Economy -

Iran and Pak­istan have agreed to in­crease to trade be­tween the two coun­tries to $5 bil­lion from the cur­rent $1.5 bil­lion an­nu­ally, said Iran’s con­sul gen­eral in the Pak­istani city of Quetta.

Ac­cord­ing to Fars News Agency, Mo­ham­mad Rafiei noted that Iran-pak­istan trade in the nine months from March 21-De­cem­ber 21, 2017 stood at $982 mil­lion in­di­cat­ing a growth of 49 per­cent year-onyear.

He un­der­lined that the two sides had, in re­cent meet­ings, agreed to in­crease bi­lat­eral trade to $5 bil­lion.

In Jan­uary, a se­nior Ira­nian diplo­mat an­nounced that Tehran and Is­lam­abad had agreed to en­hance co­op­er­a­tion in var­i­ous fields, es­pe­cially in the eco­nomic sec­tor.

Iran’s Am­bas­sador to Pak­istan Me­hdi Honar­doust said dur­ing a meet­ing with Pak­istan’s Min­is­ter of State for Fi­nance Rana Muham­mad Afzal Khan in Is­lam­abad that the two sides signed a mem­o­ran­dum of un­der­stand­ing (MOU) to broaden ties in var­i­ous fields, in­clud­ing the trade and econ­omy.

The am­bas­sador pointed out that re­sump­tion of bank­ing ties be­tween Iran and Pak­istan is very im­por­tant to en­hance trade be­tween the two broth­erly and friendly states.

“We have al­ready signed an agree­ment in this re­spect so it should be im­ple­mented at the ear­li­est,” he said.

The over­all trend of strength­en­ing re­la­tions was pos­i­tive, Honar­doust noted.

Afzal Khan said that Iran­pak­istan re­la­tions have his­tor­i­cal per­spec­tive and the two coun­tries share com­mon tra­di­tions.

He as­sured the Ira­nian am­bas­sador that he will take ap­pro­pri­ate steps to re­sume bank­ing ties be­tween the two coun­tries.

“I will be work­ing very closely on this to solve this prob­lem; I will hold meet­ings with the top of­fi­cials of the State Bank and Na­tional Bank of Pak­istan to solve the is­sue. I will do my best,” Afzal Khan said.

Afzal Khan said banks are in pri­vate sec­tor so they have to be per­suaded to do it, adding, “We have to take some banks on board and for them it is a good busi­ness.”

He re­it­er­ated that Pak­istan wants to have strong re­la­tions with Iran in all ar­eas, and said, “We are broth­ers. We have to solve the prob­lems we have to find the way, we don’t want to de­lay this mater.”

IRNA

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