Iran, a big mar­ket for tex­tile in­dus­try, says LCCI

The Pak Banker - - NATIONAL - Staff Reporter

Iran is in high de­mand of tex­tiles, meat and dairy and live­stock based prod­ucts there­fore Pak­istani deal­ing in th­ese sec­tors must avail this un­matched busi­ness op­por­tu­nity.

This was re­vealed by the LCCI Se­nior Vice Pres­i­dent Al­mas Hy­der on his re­turn from a six-day Iran visit. He took a 26-mem­ber del­e­ga­tion to Iran who vis­ited Tehran, Sheraz, Mash­had Cham­bers of Com­merce & In­dus­try, Qom Free Zone and In­dus­tries lo­cated in TUS In­dus­trial Es­tate, Mash­had apart from hav­ing B2-B meet­ings with their Ira­nian coun­ter­parts and high govern­ment of­fi­cials.

The del­e­ga­tion re­ceived very warm re­cep­tion in Iran. On the ar­rival of Tehran Air­port, the del­e­ga­tion was re­ceived by the Staff of Com­mer­cial Sec­tion of Pak­istan Em­bassy.

Al­mas Hy­der said that Iran has a higher re­quire­ment of our tex­tile prod­ucts in­clud­ing TShirts, Denim Jeans and Home Tex­tiles. There is a need to form a tex­tile del­e­ga­tion com­pris­ing lead­ing com­pa­nies, as soon as pos­si­ble. He said that there is also a great de­mand for meat there­fore Pak­istani meat ex­porters should avail this op­por­tu­nity. "The Ira­nian side wanted that the agreed gas pipe­lines be­tween Pak­istan and Iran should be con­nected soon. The Ira­nian power com­pa­nies can pro­vide 5000 megawatt elec­tric­ity to Pak­istan which roughly cost US$ 1.5 bil­lion to con­nect elec­tric­ity to elim­i­nate load shed­ding from Pak­istan", the LCCI Se­nior Vice Pres­i­dent added.

He said that at the mo­ment, we have very lim­ited air con­nec­tion with Iran. There is a dire need of more flights be­tween Is­lam­abad, La­hore, Karachi and Tehran, Shi­raz, Mash­had and Is­fa­han. We need as­sis­tance from the air­lines of both the coun­tries to build the air con­nec­tion and their fre­quency to en­able busi­ness­men to travel. He said that road and rail Links are also needed to be im­proved with the neigh­bour­ing coun­tries. He said that di­rect ship­ping be­tween Iran and Pak­istan will also help boost the mu­tual trade. He said that as an­nounced by the Pres­i­dent, Is­lamic Re­pub­lic of Iran that they wanted to en­hance their trade with Pak­istan upto US$ 5 bil­lion. In this re­gard, nec­es­sary steps should be taken by the Pak­istani side.

He in­formed the Ira­nian coun­ter­parts that Pun­jab Govern­ment had of­fered schol­ar­ships to Ira­nian stu­dents to study in en­gi­neer­ing and med­i­cal in Pak­istan. He said that th­ese schol­ar­ships should be in­creased upto 100 and stu­dents of busi­ness man­age­ment should also be in­cluded.

Al­mas Hy­der said that bank­ing chan­nels be­tween Pak­istan and Iran should be started im­me­di­ately to over­come the smug­gling is­sues faced by both the coun­tries. He said that Pref­er­en­tial Trade Agree­ment (PTA) be­tween two coun­tries should be signed and In­dus­trial cities on Pak­istanIran bor­ders may be set up to stop the smug­gling. He said that long term mul­ti­ple en­try visas should be is­sued to busi­ness­men of both the coun­tries for the pro­mo­tion of bi­lat­eral trade. He also urged the govern­ment to ar­range a high-pow­ered del­e­ga­tion for Iran

Al­mas Hy­der said that it is a proven fact that the eco­nomic pros­per­ity lies in in­te­gra­tion with neigh­bour­ing coun­tries. Pak­istan is ea­gerly look­ing for­ward to ex­pand­ing trade re­la­tions with Iran as there is a vast scope for trade boost­ing be­tween the two coun­tries. Ira­nian busi­ness­men are keen to work hand in hand with their Pak­istani coun­ter­parts there­fore Pak­istani busi­ness­men should avail this op­por­tu­nity to the max­i­mum. Joint ven­tures be­tween Pak­istani and Ira­nian busi­ness­men are the only way to ex­plore the huge op­por­tu­ni­ties gen­er­ated af­ter lift­ing of sanc­tions from Iran.

"I have urged the Ira­nian trade plan­ners to show the same fore­sight, as be­ing shown by the Pak­istan, to en­sure greater role to be played by Iran par­tic­u­larly in re­gional trade", Al­mas Hy­der said. He said that Pak­istan and Iran not only have com­mon bor­der but also share a glo­ri­ous his­tory. Pak­istan and Iran have close cul­tural af­fil­i­a­tions and both have re­mained steady trad­ing part­ners as well but in re­cent years, the mo­men­tum of trade has been se­ri­ously af­fected.

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