News ID: 231816
Published: 0909 GMT September 25, 2018

Iran-Pakistan non-oil trade grows by 19.7%

Iran-Pakistan non-oil trade grows by 19.7%

Iran-Pakistan trade in non-oil products witnessed a significant growth of 19.7 percent in the five months to August.

According to IRNA, trade in non-oil products between the two countries increased to $642.6 million during March-August, 2018. Bilateral trade recorded a growth of 19.7 percent compared to the figure for the same five months of 2017.

The report further said that the growth in bilateral trade among the neighboring countries will entail development and stability in the region.

Officials of Iran and Pakistan agreed to increase bilateral trade to $5 billion in the next five years.

Experts say that the scope of trade between Iran and Pakistan is very high and it is good that bilateral trade has seen a positive growth in recent years.

Meanwhile Iran's exports to Pakistan in the three months from March 21 to June 21 rose by 61 percent compared to the figure for the same period of the previous year, according to statistics available.

President of Islamabad Chamber of Commerce and Industry Sheikh Amir Waheed told IRNA that Iran is a future gateway of Muslim countries and Pakistan must benefit from Iran's emerging economic opportunities.

   
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