EghtesadOnline: Pakistan’s Federal Commerce Minister Pervaiz Malik is hopeful that with the opening up of formal banking channels in the near future, trade with Iran can reach as high as $2 billion.
EghtesadOnline: The absence of a credible payment mechanism remains the major irritant in Iran-Pakistan trade.
EghtesadOnline: Iran traded 2.26 million tons of non-oil goods worth $1.17 billion with Pakistan during the 11 months to Feb. 19, registering a 13.52% and 5.45% growth in value and tonnage respectively compared with last year’s corresponding period, according to Islamic Republic Customs Administration.
EghtesadOnline: Trade Development Authority of Pakistan Secretary Inamullah Dharejo said bilateral trade with Iran is unlikely to see a surge as no Pakistani bank is ready to open its branch in the country due to international sanctions on Tehran.
EghtesadOnline: Lack of information about the capabilities of Iran and Pakistan in the business communities of the two neighboring countries is hindering the promotion of bilateral trade, but the situation has been improving as bilateral trade rose by 31% last year.
EghtesadOnline: Pakistan and Iran have finalized the draft of the much-awaited Free Trade Agreement and the expeditious resolution of banking channel issues, official sources told Business Recorder.
EghtesadOnline: Trade between Iran and Pakistan stands at $230 million a year, of which only $44 million account for Pakistan’s exports.
EghtesadOnline: The head of joint Iran-Pakistan Chamber of Commerce on Saturday put the annual trade exchanges between the two countries at $230 million.
EghtesadOnline: A Pakistani business delegation arrived in Mashhad on Friday for a two-day stay in the northeastern city and the capital of the northeastern Khorasan Razavi Province.
EghtesadOnline: Ambassador of Iran to Pakistan stressed the need for making more efforts to strengthen trade relations between Iran and Pakistan.