KARACHI: A businessmen delegation from Islamic Republic of Iran visited SITE Association of Industry, and met President Riaz Uddin, office bearers and Executive Committee members to discuss matters of enhancement of bilateral trade relations between two brotherly countries.

Headed by Yaganeh Fard President Chamber of Commerce Zanjan, Consul General of Islamic Republic of Iran Hassan Nourian, Commercial Attaché Hossein Amini were present in meeting.

Riaz Uddin, Abdul Kadir Bilwani SVP SITE Association, VP Muhammad Hussain Moosani, former President Abdul Rasheed and Abdul Hadi, Muhammad Kamran Arbi, Anwer Aziz, Azeem Motiwala, Haris Shakoor, Imran Ghani and others were also present. Iranian Businessmen delegation visited renowned textile unit to see manufacturing process. Riaz Uddin said that Iran was first country to recognise Pakistan at time of its birth. In reciprocation Pakistan was amongst first countries who recognized Islamic Revolution of Iran. “Trade volume is extremely low as we are unable to avail opportunities available in brotherly country Iran. Pakistan needs basic commodities like oil gas petrochemical products, particularly gas which is badly needed by industries and Iran has abundance of gas”, he said.

There has been development for barter trade with Iran but there is need to expand its operations to entire Pakistan and remove legislative barriers. Hassan Nourian said that it is our second visit to SITE Association of Industry and informed that during this visit of delegation, three accords have been signed.

In month of January 2023, Iran Single Country Exhibition is being organised at Karachi Expo Centre and proposed that a similar exhibition may also be organised by Pakistan in Tehran, Mashhad or Isfahan. Leader of Iranian Businessman delegation Yaganeh Fard said that Pakistan and Iran have many things in common including trade, but trade volume is much below abilities and potential of two countries. 

“Trade is a two-way road we can engage ourselves through partnership, joint investments and production. Target of $ 5 billion trade volume per annum has been set.”

Published in The Daily National Courier, November, 03 2022

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