News ID: 235923
Published: 0405 GMT December 16, 2018

Iranian companies showcasing capabilities at Pakistan expo

Iranian companies showcasing capabilities at Pakistan expo

Iranian companies involved in the construction industry are displaying their achievements, capabilities and products at the 14th International Build Asia exhibition on building materials and construction machinery in the Pakistani port city of Karachi.

The companies have put on show building materials and equipment, including cooling and heating systems, fireproof and waterproof building products, door knobs, construction machinery, concreting instruments, and firebricks, said Iran's Commercial Attaché to Pakistan Mahmoud Haji Yousefipour, reported Fars News Agency.

Around 250 companies from 20 countries, including the US, the UK, Iran, Italy, China, Germany, Taiwan, Japan, Thailand, Turkey, Oman and the UAE are taking part in the event.

The official said Build Asia is a good opportunity to provide a networking platform for Iranian engineers, contractors, builders and consultants to strengthen their foothold in the neighboring country's construction industry.

Iran and Pakistan have longstanding economic and political relations.

Trade between the two countries exceeded $1 billion in the eight months to November 22.

Iran exported non-oil goods valued at $860 million to Pakistan in the period, registering a 58-percent hike compared to $539 million exports in the same time span last year.

According to Haji Yousefipour, the Islamic Republic's trade balance with Pakistan currently stands at $665 million in Iran's favor.

The main items exported to Pakistan include tiles, ceramics, cement, mineral fuels, distillation products, fruits, nuts, organic chemicals, plastics, iron and steel, soaps, lubricants, waxes and candles.

The three-day exhibition started on Saturday.

Iran is one of the most advanced countries of the region in the field of indigenous construction industry, having successfully built tens of dams and infrastructures with no help from foreign companies and firms.

In a related front, last Tuesday, Chairman of the National Investment Commission of Iraq Sami Al-Araji said that Iraq seeks to attract more Iranian firms willing to invest in the war-torn country, while calling on Iranian firms to invest in the neighboring country.

   
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