New cordial relations between Pakistan-Iran to boost trade collaboration

YarnsandFibers News Bureau 2016-04-24 13:00:00 – Islamabad

A new era of cordial relations between the two countries Iran and Pakistan has begun following Iranian President Hassan Rouhani's visit to Pakistan. Iranian Ambassador to Pakistan Mehdi Honardoost said that lack of trade information was the major reason behind low Pakistan-Iran trade volumes.

Iranian businessmen were keen to enhance relations with their Pakistani counterparts. They should come forward and start joint ventures.

The Iranian ambassador speaking at Lahore Chamber of Commerce and Industry (LCCI) said that Pakistan-Iran Gas Pipeline project could be completed in short span of time. This project must be completed as energy is necessary for all trade and economic activities.

LCCI Senior Vice President Almas Hyder said that Iranian power companies could provide $1.5 billion worth 5,000 mw electricity to Pakistan for which the two governments need to negotiate a deal.

He further added that after lifting of sanction, a trade delegation of the chamber visited Iran to explore cooperation in textile, fruit, vegetables and meat sectors. Two trade delegations would also visit Iran in May to further seek trade and investment opportunities.

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