AVN 51.24 Increased By ▲ 2.18 (4.44%)
BAFL 28.67 Increased By ▲ 0.12 (0.42%)
BOP 3.62 Decreased By ▼ -0.01 (-0.28%)
CNERGY 3.27 No Change ▼ 0.00 (0%)
DFML 10.74 Decreased By ▼ -0.06 (-0.56%)
DGKC 52.60 Increased By ▲ 0.62 (1.19%)
EPCL 43.90 Increased By ▲ 0.30 (0.69%)
FCCL 12.41 Decreased By ▼ -0.01 (-0.08%)
FFL 6.20 Increased By ▲ 0.04 (0.65%)
FLYNG 5.99 No Change ▼ 0.00 (0%)
GGL 10.30 Increased By ▲ 0.04 (0.39%)
HUBC 68.66 Increased By ▲ 0.16 (0.23%)
HUMNL 5.84 No Change ▼ 0.00 (0%)
KAPCO 22.60 Decreased By ▼ -0.05 (-0.22%)
KEL 1.84 Increased By ▲ 0.01 (0.55%)
LOTCHEM 29.50 Increased By ▲ 0.60 (2.08%)
MLCF 28.70 No Change ▼ 0.00 (0%)
NETSOL 81.35 Increased By ▲ 4.45 (5.79%)
OGDC 79.90 Increased By ▲ 1.50 (1.91%)
PAEL 9.76 Increased By ▲ 0.09 (0.93%)
PIBTL 4.31 Increased By ▲ 0.10 (2.38%)
PPL 61.65 Increased By ▲ 1.16 (1.92%)
PRL 14.43 Decreased By ▼ -0.05 (-0.35%)
SILK 1.10 Increased By ▲ 0.04 (3.77%)
SNGP 42.98 Increased By ▲ 0.48 (1.13%)
TELE 7.22 Increased By ▲ 0.12 (1.69%)
TPLP 13.21 Increased By ▲ 0.44 (3.45%)
TRG 99.00 Increased By ▲ 2.87 (2.99%)
UNITY 15.40 Increased By ▲ 0.17 (1.12%)
WTL 1.19 Increased By ▲ 0.01 (0.85%)
BR100 4,190 Increased By 29.8 (0.72%)
BR30 14,589 Increased By 182.3 (1.27%)
KSE100 41,904 Increased By 217.8 (0.52%)
KSE30 14,804 Increased By 61.5 (0.42%)
Follow us

PESHAWAR: Iranian Consul General in Peshawar Hamid Reza Ghomi has said that his country has finalised a free trade policy for Pakistan, which would be implemented shortly.

He said that relations between Iran and Pakistan would be improved further in an efficient manner under the policy.

While speaking to members of the Sarhad Chamber of Commerce and Industry (SCCI) here, the Iranian diplomat said that his country is taking serious steps to further strengthen economic and trade relations with Pakistan, adding that holding business meetings in Karachi and Lahore is a part of these efforts.

He disclosed that a memorandum of understanding (MoU) would be signed soon between the SCCI and the Mashhad chamber, which could be instrumental in enhancing trade relations between the two brotherly countries.

The diplomat went on to say that participation of SCCI in business meetings scheduled to be held Karachi and Lahore is very important and expressed his desire that the proposed MoU between the Sarhad and Mashhad chambers be signed during one of these meetings, as a new chapter of trade between the two countries would be opened through it.

During the meeting, the office-bearers of SCCI presented various proposals for enhancing trade between the two neighbouring countries, which were welcomed by the Iranian consul general.

President of SCCI Muhammad Ishaq underlined the importance of a free trade agreement aimed to further strengthen economic and trade relations between the two countries. He said there were vast opportunities to enhance economic cooperation between them.

Islamabad and Tehran should take pragmatic steps to rationalise the tariff regime to improve the trade volume between them. The SCCI chief underlined the need for early functionalisation of the Pak-Iran Joint Chamber of Commerce and Industry and also called for signing of a free trade agreement between the two countries.

The meeting was also attended by SCCI’s Senior Vice President Shahid Hussain, Vice President Ejaz Khan Afridi, and Commercial Attaché of the Iranian Consulate Hossein Maliki.

Copyright Business Recorder, 2022


1000 characters

Iran’s free trade policy for Pakistan ready, says envoy

As budget announcement nears, here are some proposals that could affect you

How experts view the upcoming budget announcement

Federal cabinet meeting approves Budget 2023-24

Cyclone Biparjoy: Climate minister says conditions supporting system may intensify

Migrants in UAE, including Pakistanis, turn to crypto to send remittances home

Ali Muhammad Khan re-arrested in Mardan shortly after being discharged from vandalism case

Kremlin says US can’t tell Saudi Arabia what to do on oil policy

Britain sets price floor on oil and gas windfall tax

Trump faces federal charges in classified documents case, adding to legal woes

Chinese investors flock to Riyadh conference seeking new markets, capital