Iranian business leader for boosting volume of bilateral trade

KARACHI: President Arak Chamber of Commerce, Industries, Mines and Agriculture, Iran, Naser Beigi has emphasised that the existing volume of bilateral trade between Pakistan and Iran falls far short of its immense potential, urging the private sectors of both countries to forge stronger industrial partnerships, promote joint ventures and adopt practical measures to overcome trade barriers in order to unlock unprecedented economic opportunities.

Leading a high-level Iranian business delegation during a meeting at the Karachi Chamber of Commerce and Industry (KCCI), Nasser Beigi stated that Pakistan and Iran, as two neighbouring Muslim countries bound by deep-rooted historical, cultural and religious ties, possess complementary economic strengths that can significantly contribute to regional prosperity.

He stressed that expanding cooperation between the business communities, rather than relying solely on conventional trade, would pave the way for long-term industrial collaboration, technology transfer, investment and sustainable economic growth.

Highlighting the industrial capabilities of Iran’s Central Province, he informed the participants that the Markazi province enjoys a strong manufacturing base in agriculture, livestock, food processing, petrochemicals, mining, engineering, automotive components, household appliances, plastics, aluminium, railway equipment, renewable energy and various heavy industries.

He invited Pakistani entrepreneurs to explore these sectors through joint ventures and reciprocal investment while extending an invitation to KCCI to lead a business delegation to Iran’s Central Province for first-hand exposure to its industrial and manufacturing potential.

Speaking on the occasion, Senior Vice President KCCI Muhammad Raza reaffirmed KCCI’s unwavering commitment to strengthening economic relations between Pakistan and Iran, stating that the Chamber would extend all out assistance to Iranian businessmen seeking commercial partnerships with Pakistani counterparts.

He observed that the longstanding friendship between the two countries provides a strong foundation for transforming political goodwill into meaningful economic cooperation.

Muhammad Raza noted that despite prevailing regional challenges, the current environment also presents significant opportunities for enhancing bilateral trade.

Describing Karachi as Pakistan’s commercial and industrial powerhouse, Muhammad Raza pointed out that the metropolis contributes the largest share to the country’s economy and offers immense opportunities for foreign investors and international businesses. He stressed the need to simplify trade procedures, improve banking and payment mechanisms, strengthen logistics and transportation networks and resolve practical impediments that continue to hamper bilateral commerce.

During the interactive session, members of the Iranian delegation representing diverse sectors, including mining, automotive components, home appliances, engineering, plastics, aluminium, railway equipment, food processing and renewable energy, presented their industrial capabilities and expressed strong interest in establishing long-term commercial partnerships with Pakistani manufacturers, exporters and investors.

Business leaders from both countries held detailed discussions on banking channels, payment mechanisms, logistics, transportation, cross-border connectivity and other operational challenges affecting bilateral trade.

The meeting concluded with the signing of a Memorandum of Understanding (MoU) by President KCCI Rehan Hanif and President of Arak Chamber of Commerce, Industries, Mines and Agriculture Naser Beigi, marking a significant milestone in Pakistan-Iran business relations.

The MoU aims to institutionalise cooperation between the two Chambers by facilitating the exchange of trade delegations, organizing B2B meetings, sharing commercial intelligence, encouraging joint ventures and investment partnerships, and jointly promoting trade, industry and investment opportunities to unlock the untapped economic potential between the two neighbouring countries.

Copyright Business Recorder, 2026