Iran, Pakistan witness double-digit rise in non-oil trade

[Pakistani Aircraft]

Iran, Pakistan witness double-digit rise in non-oil trade
IANS | Tehran Last Updated at April 8, 2018 20:15 IST

The value of trade exchange between Iran and Pakistan rose by 13.5 per cent in a period of 11 months up to this February.

The volume of bilateral non-oil trade was 2.27 million tons, with the value standing at $1.176 billion, Xinhua reported.

According to Islamic Republic Customs Administration, Iran exported 1.94 million tons of goods worth $822.20 million to Pakistan during the period, while Pakistan exported some 330,000 tons of goods worth $353.89 million to Iran during the same period.

According to official IRNA news agency, the exported items of Iran comprised iron ore, iron scrap, dates, detergents, transformers, chemicals, bitumen, polyethylene, propylene etc, while the imported items from Pakistan included rice, fresh fruits, meat, cloth and mechanical machinery.

Iran and Pakistan have agreed to enhance the bilateral trade volume to $5 billion in the next five years.

Business Standard

Can some Indian explain why the Hindu Extremist lead Indian Government has so far failed to isolate Pakistan internationally as per their stated foreign policy against Pakistan?

 

[Tokhme khar]

This is good news guys. Iran has a lot to export to Pakestan. Lets hope this rising trend continues.

 

[Zhukov]

Iran should invest in Automobile Sector of Pakistan i believe. Economical cars is the hour of the need against Japanese Monoply in Pakistan. And we don't want a Japanese Monopoly taken over by Chinese monopoly.

 

[Manidabest]

The fact is if we Pakistanis and Iranians dont bring in Shia and Sunni factor then we have same cultures .... and Pakistanis are more close to Iran and Afghanistan culturally than indians ....