AGL 40.20 Decreased By ▼ -1.30 (-3.13%)
AIRLINK 129.11 Increased By ▲ 1.11 (0.87%)
BOP 6.60 Increased By ▲ 0.34 (5.43%)
CNERGY 4.03 Decreased By ▼ -0.10 (-2.42%)
DCL 8.45 Increased By ▲ 0.01 (0.12%)
DFML 41.25 Increased By ▲ 0.56 (1.38%)
DGKC 87.00 Decreased By ▼ -0.90 (-1.02%)
FCCL 33.35 Decreased By ▼ -0.75 (-2.2%)
FFBL 65.90 Decreased By ▼ -0.43 (-0.65%)
FFL 10.54 Decreased By ▼ -0.02 (-0.19%)
HUBC 110.70 Increased By ▲ 2.00 (1.84%)
HUMNL 15.23 Increased By ▲ 0.77 (5.33%)
KEL 4.78 Increased By ▲ 0.13 (2.8%)
KOSM 7.83 Increased By ▲ 0.50 (6.82%)
MLCF 41.90 Decreased By ▼ -0.82 (-1.92%)
NBP 60.50 Decreased By ▼ -0.34 (-0.56%)
OGDC 182.80 Increased By ▲ 3.83 (2.14%)
PAEL 25.36 Decreased By ▼ -0.34 (-1.32%)
PIBTL 6.26 Increased By ▲ 0.20 (3.3%)
PPL 147.81 Increased By ▲ 1.66 (1.14%)
PRL 24.56 Decreased By ▼ -0.35 (-1.41%)
PTC 16.24 Increased By ▲ 0.10 (0.62%)
SEARL 70.50 Increased By ▲ 0.30 (0.43%)
TELE 7.30 Increased By ▲ 0.08 (1.11%)
TOMCL 36.30 Increased By ▲ 0.10 (0.28%)
TPLP 7.85 Increased By ▲ 0.01 (0.13%)
TREET 15.30 Decreased By ▼ -0.29 (-1.86%)
TRG 51.70 Increased By ▲ 1.34 (2.66%)
UNITY 27.35 Increased By ▲ 0.45 (1.67%)
WTL 1.23 Decreased By ▼ -0.01 (-0.81%)
BR100 9,842 Increased By 47.4 (0.48%)
BR30 30,036 Increased By 389.6 (1.31%)
KSE100 92,520 Increased By 499.1 (0.54%)
KSE30 28,786 Increased By 121.7 (0.42%)

ISLAMABAD: Pakistan and Iran on Tuesday stressed the importance of enhancing banking channels while highlighting the significant opportunities for bilateral trade through barter arrangements.

A high-level delegation from Iran led by Ali Fekri, Deputy Minister and Head of OIETAI called on the Federal Minister for Economic Affairs, Sardar Ayaz Sadiq here on Tuesday.

Ali Fekri, Deputy Minister and Head of the Organization of Investment, Economic and Technical Assistant of Iran (OIETAI), met with Sadiq to discuss bilateral economic cooperation and strengthen ties between the two nations. The meeting took place at the Ministry of Economic Affairs and marked an important step towards enhancing trade and investment opportunities between Pakistan and Iran.

Economic, other areas: Pakistan & Iran to discuss framework of cooperation with China

The Iran side expressed keen interest in joining the projects of the Islamic Development Bank (IsDB) in Pakistan.

Both sides acknowledged the significance of enhancing bilateral trade volume and pledged to facilitate the business communities of both countries in tapping the immense opportunities available for economic cooperation.

Sadiq apprised that Pakistan values its longstanding and amicable relations with Iran and aims to strengthen bilateral ties fostering trade and economic prospects that will contribute to regional stability and prosperity. Additionally, the minister highlighted that the prompt execution of agreements/MoUs reached during the 21st Session of the Pak-Iran Joint Economic Commission will bolster economic cooperation and facilitate enhanced people-to-people connectivity with progress in all modes of transportation.

The Deputy Minister and Head of OIETAI expressed Iran’s keen interest in collaborating with Pakistan and shared their plans for investment in various sectors including energy projects and infrastructure development. He acknowledged the favourable investment climate in Pakistan and the government’s commitment to providing a business-friendly environment.

He also expressed keen interest in joining the projects of the IsDB in Pakistan. This collaboration aims to facilitate the introduction of Iranian companies in Pakistan and foster stronger bilateral relations between the two nations. The importance of enhancing the banking channel between Pakistan and Iran was stressed while highlighting the significant opportunities for bilateral trade through barter arrangements.

The discussions in the meeting primarily focused on exploring avenues for increased trade, investment, and technical cooperation in various sectors, including energy, agriculture, infrastructure development, manufacturing, and technology. Specific emphasis was placed on the Turkmenistan, Afghanistan, Pakistan, India (TAPI) gas pipeline project and the Pakistan-Iran Gas initiatives and to accelerate their implementation and ensure successful completion.

Copyright Business Recorder, 2023

Comments

Comments are closed.