Iran Pakistan

Mirjaveh-Taftan crossing reopened at Iran-Pakistan border

Iran and Pakistan fully reopened Mirjaveh-Taftan border to facilitate bilateral trade after it was temporarily closed due to the outbreak of the coronavirus.

Trade

Pakistan PM urges US to lift Iran sanctions amid virus outbreak

Pakistan’s Prime Minister Imran Khan has urged US President Donald Trump to lift unilateral sanctions that his administration has imposed on Iran as Tehran is engaged in a diligent fight against the ongoing pandemic of the deadly new coronavirus, known as COVID-19.

Society Economy

Iran, Pakistan sign agreement on customs cooperation

Iran and Pakistan have agreed to develop a mechanism for electronic exchange of bilateral trade data in a bid to curb misreporting.

Trade

Iran’s vice president urges China, friendly countries to buy oil

After one year of the imposition of oil sanctions, Iran’s economy now enjoys a stable status. Iran expects friend countries to act more actively in buying Iranian oil, Iran’s Vice President Jahangiri said.

Energy

Should Iran private sector invest in failed Pakistan Steel Mills?

Islamabad is studying plans to privatise its bankrupt steel maker. But, it needs over $100m and such huge investment is hard to come by in cash-stripped Pakistan. Iran Chamber Newsroom analyses if Iranian private steel makers should invest in PSM.

Mine and Industry

Iran, Pakistan sign MoU to broaden economic ties, reach $5bn trade target

Iran’s minister of trade, mine and industry signs cooperation document with Pakistani officials to ease trade barriers so Tehran and Islamabad reach their target of 5 billion dollars in their annual trade volume.

Trade

Iran ready to connect Chabahar with Gwadar: FM Zarif

Iranian FM says the two strategic ports are not seeking rivalry as he tries to strengthen the country’s economic relations with the eastern neighbour, that’s been funded by China and Saudi Arabia to improve its economy.

Trade

Iran’s Zarif due in Pakistan to stregthen economic, political ties

Iran’s foreign policy chief Mohammad Javad Zarif will travel to the eastern neighbouring country Pakistan as part of his recent Asian tour aimed at boosting Tehran’s relations with its regional allies.

Trade

Pakistani businessmen demand third-party financial channel for Iran trade

A number of Pakistani businesses who are engaged in exporting to Iran have called on Islamabad to open a payment channel with Tehran through a Pakistan-based Chinese bank.

Trade

Iran proposes barter, local currency use to boost Pakistan trade

Iranian President Hassan Rouhani says bartering goods and using rial and rupee with Pakistan in a bid to raise the annual trade volume to $5bn.

Trade