News ID: 219190
Published: 0254 GMT August 01, 2018

Iran-Pakistan trade on an upward trend

Iran-Pakistan trade on an upward trend

Iran-Pakistan trade is on an upward trend and bilateral trade volume has reached $1.3 billion from $600 billion over past three years, said the president of Iran-Pakistan Federation of Culture and Trade.

According to IRNA, Khawaja Habib ur Rehman said that trade between the two countries would further improve as there are vast opportunities available to enhance bilateral trade ties.

Habib ur Rehman said that next government of Pakistan will resume discussions with Iran on free trade agreement as the caretaker government has voiced its inability to hold dialogue on the agreement.

He added that the lack of banking channel is hindering trade between the two countries and the issue should be resolved on a priority basis.

The official further said that Iran and Pakistan, through their close cooperation, can change the region's destiny.

The Pakistan trader stressed the need for early completion of Iran-Pakistan (IP) gas pipeline which would help Pakistan to overcome its energy woes.

He also called for relaunching passenger train service between Iran and Pakistan to enhance cultural ties.

Leaders of Iran and Pakistan have already agreed to take trade between the two countries to $5 billion in five years.

   
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