Iranian Foreign Minister Hossein Amirabdollahian explained the outcome of his visit to Pakistan, and said that the two countries are determined to increase the value of their trade exchanges to over five billion euros.
Iran and Pakistan will start direct talks for a free trade deal in September, according to a senior Iranian trade official who says an agreement may be possible until the end of the Iranian calendar year in March 2024.
Niloofar Assadi, the caretaker of international affairs of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) says that Iran and Pakistan have to devise new mechanisms to give a boost to their bilateral relations.
The volume of electricity exchange between Iran and Pakistan has reached 200 megawatts with the launch of a new transmission line, Energy Minister Ali Akbar Mehrabian made the statement at a meeting with Pakistan’s Power Minister Khurram Dastgir Khan on Sunday.
Iran’s Consul General Hassan Nourian has said that bilateral trade between Pakistan and Iran has reached $2 billion in the last 10 months, while the target was set at $5 billion.
Iran and Pakistan have signed a memorandum of understanding (MoU) to boost bilateral efforts that could lead to a quick expansion of trade ties between the two neighboring countries.
An exclusive exhibition of Iranian products is scheduled to be held in Karachi, Pakistan on December 15-18.
Iran’s Trade Promotion Organization (TPO) announced on Saturday that the imports of all commodities listed under an Iran-Pakistan preferential trade agreement have been allowed by the government.
President of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) Gholam Hossein Shafei on Saturday underlined the significance for both Iran and Pakistan to pay due attention to barter trade and transit cooperation.
Iranian Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) and the Federation of Pakistan Chambers of Commerce and Industries (FPCCI) have discussed ways to make a better use of an Islamabad-Tehran-Istanbul (ITI) Corridor to help expand bilateral trade.