Karachi:
The president of the Korangi Commerce and Industry Union (Kati), Junaid Naqi, welcomed the signing of 12 ministerial agreements between Pakistan and Iran. He said the recent conclusion of negotiations on a Free Transaction Agreement (FTA) would enhance economic growth and deepen bilateral cooperation.
In a statement issued on Monday, Naqi said today’s trade is $ 3 billion, with only one third of Pakistan. He stressed that with coordinated efforts, trade could amount to $ 10 billion. The basic areas include textiles, medicinal products, skin and food. He called on to hit Iran’s affordable energy to support Pakistan’s industries.
“Pakistan and Iran have historical links that have grown over time.
Kati’s president called on governments to remove commercial obstacles and support local businesses seeking to enter the Iranian market. He also asked to promote the exchange trade to accelerate trade ties. Naqi said the SEA would reduce invoices, remove trade barriers and activate both economies. He called a stronger commitment to businesses and businesses and set up regular joint reports and B2B meetings.
It also pressed for policies to attract both domestic and foreign investment, especially in agriculture and industry. “Pakistan-Iran’s free trading agreement is able to redefine our economic landscape and help both nations meet their growth goals through increased regional cooperation,” he concluded.
On Sunday, Pakistan and Iran officially agreed to increase trade from $ 3 billion to $ 10 billion in talks in Islamabad between Iran’s visit by President Masoud Pezeshkian and Prime Minister Shehbaz Sharif.
Pezeshkian’s visit marked his first official foreign tour of taking over his duties and follows a 12 -day war between Iran and Israel in June.
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