ISLAMABAD: Ambassador of Iran to Pakistan Dr . Reza Amiri Moghadam said that due to strong economic and trade integration between Pakistan and Iran, bilateral trade can be increased up to $ 5 billion year in coming few years. There is strong possibility of doubling bilateral trade between two countries through air, rail and maritime integration, which will prove to be catalyst in regional and global trade as well, he said while addressing business community here.

Ambassador said that Pakistan and Iran were geo-strategically very important countries located at junction of Middle East, South Asia and Central Asia.

He said that Gwadar and Chabahar were very important in maritime trade ties, so both countries should declare both ports as coastal sister ports so that mutual economic development can be achieved jointly.

Dr. Reza Amiri said that current volume of bilateral trade between two countries was $ 2.5 billion, which had been continuously increasing since last year, in which there was potential of $ 5 billion.

Business community from Pakistan, especially Islamabad Chamber of Commerce should participate in exhibition and increase mutual cooperation with business community of Iran, he added.

The envoy said that about 120 businessmen have completed their registration in trade and industrial exhibition in Tehran, which is expected to increase in coming days.

Published in The Daily National Courier, March, 18 2024

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