Tehran, Islamabad call for increasing trade to $5 bln

Photo: Tehran, Islamabad call for increasing trade to $5 bln / Iran

Baku, Azerbaijan, May 28

By Fatih Karimov - Trend: Iran and Pakistan have called for increasing trade to $5 billion annually.

The issue was proposed in a meeting between Iranian Deputy Economy Minister Behrouz Alishiri and Pakistani Central Bank Governor Ashraf Mahmood Wathra in Tehran, Iran's Mehr news agency reported on May 28.

Alishiri said that the 19th meeting of Iran-Pakistan joint economic committee will be held in September in Pakistan.

On May 12, Iranian Minister of Economic Affairs and Finance Ali Tayyeb-Nia said the volume of trade exchanges between Iran and Pakistan is set to reach some $5 billion in the future.

Tayyeb-Nia stressed the need for the promotion of economic relations between Tehran andIslamabad.

The two sides seek to first increase their trade volume to some $3 billion and later to some $5 billion in the future, up from nearly $1 billion in recent years.

Tayyeb-Nia said that Iran seeks to bolster links between the private sectors of the two countries, stressing that it is up to the Iranian and Pakistani administrations to set the stage for the enhancement of such ties.

Edited by C.N.

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