Nov 6, 2021, 2:49 PM
Journalist ID: 3080
News Code: 84531473
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Pakistan, Iran plan to increase annual trade to $5b

Tehran, IRNA - Iranian Minister of Industry, Mines and Trade Reza Fatemi Amin has stated that Islamabad and Tehran are determined to expand annual trade exchanges to five billion dollars by 2023.

Speaking at the 9th meeting of Iran-Pakistan Joint Trade Committee on Saturday, Fatemi Amin noted that Pakistani and Iranian officials have already held talks on different economic cooperation and the committee is tasked with pave the ground for enhancing trade ties between the two countries.

He further referred to determination for expansion of bilateral economic relations, stipulating that Iran is ready to remove obstacles in the way of developing trade exchanges with Pakistan in a bid to enhance economic ties with the neighboring country.

Emphasizing the need for accurate programming in a way that provides Pakistani partners with the opportunity to invest in Iran, the minister said that trade hurdles will be lifted within three months to pave the way for expansion of free trade.

The 9th meeting of Iran-Pakistan Joint Trade Committee pursues issues such as signing preferential contracts and free trade agreements between the two countries as well as organizing exhibitions. The meeting was attended by senior Iranian and Pakistani authorities as well as business and banking officials.

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