Pakistan Iran to trade in own currencies

[Tokhme khar]

It appears that Pakistan finally has started to act away from the western financial system. Very good move. Now, we need to increase our trade at the $5 billion per year target.

Pakistani Envoy Asks for Ditching Dollar in Trade Transactions with Iran

TEHRAN (FNA)- Pakistan's new Ambassador to Tehran Rafat Masoud underlined the need for the further expansion of all-out ties and cooperation with Iran, saying that dollar should be replaced with other currencies in trade exchanges between the two countries.
"A number of Pakistani banks fear exchanges (with Iran due to the US sanctions) and therefore, we should be after omitting dollar and replacing it with another currency," Masoud said in a meeting with the governor-general of Iran's Sistan and Balouchestan province in Zahedan on Saturday.

She also stressed the need for the establishment of security at the common borders and mutual cooperation to this end.

Masoud added that relations between Tehran and Islamabad are in the best conditions after the Islamic Revolution in Iran, noting that this opportunity should be used to further broaden ties in economic, trade and cultural fields.

In a relevant development in 2016, Iran and Pakistan signed an agreement to re-establish banking relationship and carry out trade transactions in local currencies.

Pakistan’s Federal Minister of Commerce Khurram Dastgir Khan supervised the signing of a memorandum of understanding with Iran’s Ambassador Mehdi Honardoost in Islamabad.

“The two sides agreed in principle to open bank accounts in their respective central banks for trade transactions in their local currencies,” a Pakistani official said at the time.

They also agreed to take further steps toward promoting trade and investment ties and materialize a free trade agreement which the two countries have been considering for some time.

http://en.farsnews.com/newstext.aspx?nn=13971008000930

 

[PakSword]

Pakistani Envoy Asks for Ditching Dollar in Trade Transactions with Iran

TEHRAN (FNA)- Pakistan's new Ambassador to Tehran Rafat Masoud underlined the need for the further expansion of all-out ties and cooperation with Iran, saying that dollar should be replaced with other currencies in trade exchanges between the two countries.
"A number of Pakistani banks fear exchanges (with Iran due to the US sanctions) and therefore, we should be after omitting dollar and replacing it with another currency," Masoud said in a meeting with the governor-general of Iran's Sistan and Balouchestan province in Zahedan on Saturday.

She also stressed the need for the establishment of security at the common borders and mutual cooperation to this end.

Masoud added that relations between Tehran and Islamabad are in the best conditions after the Islamic Revolution in Iran, noting that this opportunity should be used to further broaden ties in economic, trade and cultural fields.

In a relevant development in 2016, Iran and Pakistan signed an agreement to re-establish banking relationship and carry out trade transactions in local currencies.

Pakistan’s Federal Minister of Commerce Khurram Dastgir Khan supervised the signing of a memorandum of understanding with Iran’s Ambassador Mehdi Honardoost in Islamabad.

“The two sides agreed in principle to open bank accounts in their respective central banks for trade transactions in their local currencies,” a Pakistani official said at the time.

They also agreed to take further steps toward promoting trade and investment ties and materialize a free trade agreement which the two countries have been considering for some time.

http://en.farsnews.com/newstext.aspx?nn=13971008000930

Great news if true..

Pakistan is coming out of the clutches of US capitalists finally..

 

[Tokhme khar]

This is great news bro........the more countries trade with each other in own currency, the sooner this instability and terrorism will end. we already trade with russia/ china/ turkey/ india in own currencies.

Great news if true..

Pakistan is coming out of the clutches of US capitalists finally..

 

[war&peace]

Good for both countries

 

[Umair Nawaz]

this should be in our local currencies not at third currencies like yuan or dollar...that way it will benefit us!

 

[Pakhtoon yum]

It appears that Pakistan finally has started to act away from the western financial system. Very good move. Now, we need to increase our trade at the $5 billion per year target.

Pakistani Envoy Asks for Ditching Dollar in Trade Transactions with Iran

TEHRAN (FNA)- Pakistan's new Ambassador to Tehran Rafat Masoud underlined the need for the further expansion of all-out ties and cooperation with Iran, saying that dollar should be replaced with other currencies in trade exchanges between the two countries.
"A number of Pakistani banks fear exchanges (with Iran due to the US sanctions) and therefore, we should be after omitting dollar and replacing it with another currency," Masoud said in a meeting with the governor-general of Iran's Sistan and Balouchestan province in Zahedan on Saturday.

She also stressed the need for the establishment of security at the common borders and mutual cooperation to this end.

Masoud added that relations between Tehran and Islamabad are in the best conditions after the Islamic Revolution in Iran, noting that this opportunity should be used to further broaden ties in economic, trade and cultural fields.

In a relevant development in 2016, Iran and Pakistan signed an agreement to re-establish banking relationship and carry out trade transactions in local currencies.

Pakistan’s Federal Minister of Commerce Khurram Dastgir Khan supervised the signing of a memorandum of understanding with Iran’s Ambassador Mehdi Honardoost in Islamabad.

“The two sides agreed in principle to open bank accounts in their respective central banks for trade transactions in their local currencies,” a Pakistani official said at the time.

They also agreed to take further steps toward promoting trade and investment ties and materialize a free trade agreement which the two countries have been considering for some time.

http://en.farsnews.com/newstext.aspx?nn=13971008000930

We have an ambassador to Iran?!!

 

[El Sidd]

We have an ambassador to Iran?!!

Now he can deal in rupees there.

 

[Pakhtoon yum]

Now he can deal in rupees there.

It's strange to think we have one, never heard from any of the ambassadors except the Chinese and American. I wonder if we have one to timbuktu

 

[Foxtrot Delta]

O well libya tried they were destroyed and turned into enemies. Thank God Almighty for Armed forces of pakistan. We can do what we want otherwise we would be like syria and libya

 

[El Sidd]

It's strange to think we have one, never heard from any of the ambassadors except the Chinese and American. I wonder if we have one to timbuktu

No man we are a normal country. We have Relations with All.

We just dont recognize Israel. So you cannot deal in shekkels. Armenia shares this gesture with Israel.

Armenia is actually the first country to adopt christianity as state Religion.

Its very interesting Situation.

 

[Pakhtoon yum]

No man we are a normal country. We have Relations with All.

We just dont recognize Israel. So you cannot deal in shekkels. Armenia shares this gesture with Israel.

Armenia is actually the first country to adopt christianity as state Religion.

Its very interesting Situation.

It's funny though, if you look into armanian culture, it's a reflection of ours. Even their art designs that are centuries old, are the same as ours.

 

[El Sidd]

It's funny though, if you look into armanian culture, it's a reflection of ours. Even their art designs that are centuries old, are the same as ours.

Let IK come back then we can Talk.

Meanwhile Listen to some duduk or something

 

[Pakhtoon yum]

Let IK come back then we can Talk.

Meanwhile Listen to some duduk or something

Ahhhh...the duduk, the most enchanting flute that there is.

 

[El Sidd]

Ahhhh...the duduk, the most enchanting flute that there is.

If duduk is sold in Iran. You can buy it in rupees now

 

[Maxpane]

great news