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KARACHI: The leader of an Iranian delegation of businessmen and president of the Chamber of Commerce, Zanjan, Yaganeh Fard, has said that Pakistan and Iran have many things in common, including trade, but the trade volume is much below the abilities and potential of the two countries.

Speaking at a meeting of the Site Association of Industry (SAI), he said that the businessmen and products of the two countries should be introduced to each other, and for this purpose, travelling and participation in exhibitions is important. “Trade is a two-way road; we can engage ourselves through partnership, joint investments and production.”

He added that Iran is facing difficulties due to the US sanctions imposed, and barter trade is a welcoming sign amid such sanctions. The target of $5 billion trade volume per annum has been set.”

Consul General of Iran Hassan Nourian said that it is our second visit to SITE Association of Industry. He informed that during this visit of delegation, three MoUs have been signed.

In the month of January 2023, Iran Single Country Exhibition is being organized at Karachi Expo Centre, he said. He proposed that a similar exhibition may also be organized by Pakistan in Tehran, Mashhad or Isfahan.

He further said there were two issues impeding trade, i.e., banking channel transactions and second one is absence of proper bilateral trade regime between the two countries. Regarding barter trade, he suggested developing an active linkage to resolve two countries' two customs related issues by connecting customs of two countries. On the IPI & TAPI gas pipeline, he said that India is no longer part of the project and finally Iran and Pakistan need to proceed with the project.

Copyright Business Recorder, 2022

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