LAHORE: A high-level delegation of 20 PAAPAM members is visiting Tehran from 13th August 2023 on the invitation of the Iranian government. The delegation, led by PAAPAM former chairman Abdur Razzaq Gauhar and sitting Chairman of the Pakistan Engineering Goods Council, will attend the Tehran Auto Show from 13-15 and meet various industrial and business communities and cognoscente.

The Chairman Pak Iran Business Council, Najam Ul Hassan Jawa, will also be accompany the delegation. Pakistan’s mission in Tehran would facilitate the delegation to create opportunities for bilateral trade.

The SVC PAAPAM Usman Aslam Malik looked optimistic that barter trade in our neighbouring countries was a big step toward a better tomorrow. He was confident that this consortium would soon start trading in local currencies to attain independence.

He was of the view that this consortium was one-third of the world’s total population and included two veto powers. Due to its ideal geostrategic and political location, Pakistan was ready to connect this consortium to the world. He said we would maximize to materialize that landmark opportunity.

He said that a positive energy is seen in the Pakistan and Iran business fraternities after the declaration of barter trade agreements between Pakistan, China, Iran, Russia, and Afghanistan. This agreement gains more significant when we see all major stakeholders of the One Belt, One Road (OBOR) initiative. The governments have furthered formalized it by creating a facility in the Veboc system to officialise the trade.

The Pakistan Association of Automotive Parts & Manufacturers Association’s (PAAPAM) management beholds a lot of potential to scale up the bilateral trade between the partners. Most recently, the Iranian Consular General, Mehran Mehran Mohdfar, and Commercial Consular, Mehmood Haji Yousfi Pur Yousaf, visited PAAPAM to meet its senior management headed by its SVC, Usman Aslam Malik, to discuss the way forward to barter the trade to lessen the foreign exchange pressure.

The Secretary-General PAAPAM Ghulam Murtaza will coordinate and organise the delegation consisting of Muhammad Nasim, Tanveer Hayat Mir, Umar Abdullah, Muhammad Yousaf, Usman Jamal Ud Din, Waheed Gull, Nasarullah Khan, Younas Anwar, Akhtar Jamal, Javed Hafiz, Bilal Gauhar, Fahad Iqbal, Tariq Awan, Sameer Mir, Shouban Akhtar, Syed Shan-e-Ahmed, and Syed Ali Muhammad.

Copyright Business Recorder, 2023