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EghtesadOnline: Pakistan's Ambassador to Iran Asif Khan Durrani says there is tremendous scope to strengthen trade and economic ties between Pakistan and Iran, as both countries are big markets and home to a joint population of 280 million people.

He made the remarks during his visit to the Lahore Chamber of Commerce and Industry (LCCI). 

The Pakistani ambassador in Tehran is in Pakistan these days to explain huge trade potentials in Iran for Pakistani businessmen, according to IRNA.

Talking about the hurdles in trade, the ambassador said that the unavailability of banking channel is one of the biggest reasons of limited trade between the two countries. Through exploiting trade and investment opportunities, mutual trade volume could easily touch new heights, he added.

Durrani invited the Pakistani businessmen to participate in the 'Aleeshan Pakistan' exhibition to be held in Tehran from March 4 to 7, adding that it would provide an opportunity to establish new contacts with their Iranian counterparts, which is essential to boosting two-way trade.

The Iranian president and Pakistan prime minister have already agreed to boost trade volume to $5 billion.

Inviting the delegation of Pakistani businessmen to Iran, the ambassador said that Pakistani Embassy in Iran would provide maximum support and facilities to the delegation members.

LCCI President Abdul Basit said that mutual trade is at the lowest level of the decade and does not match the existing potential.

Iran-Pakistan trade Asif Khan Durrani