Pakistan-Iran Trade set to hit 4 Billion dollars in few years

[AZADPAKISTAN2009]

Reference:
Trade with Iran to be raised up to $4b | Pakistan | News | Newspaper | Daily | English | Online

ISLAMABAD - Chairman Senate Farooq H Naek Wednesday said that the level of trade between Pakistan and Iran would be raised up to US $4 billion from US $1 billion by 2015 and Parliament would provide full support to the initiatives aimed at achieving the target.
He gave these remarks while speaking at a luncheon hosted by him in honour of Dr Mahmoud Salahi, Governor General of Khorasan Razavi, a province of Iran, and members of his delegation at Parliament House. The Chairman Senate addressing the delegation said they had brought a strong business delegation, which was a demonstration of trust and confidence of Iranian business community into Pakistan’s economy. “Pakistan, despite some challenges, is a market worthy of investment with good returns. Our human and natural resources are available for mutually beneficial business ventures,” he added.
He further said the current level of trade between Pakistan and Iran stands around US$ 1b. The two countries have committed to raise it to US$ 4b by 2015. “This is not a difficult target. The businessmen of two sides can and must achieve this goal. We, the parliamentarians, will provide full support to the initiatives aimed at achieving the target.”
Farooq H Naek said that Pakistan and Iran enjoyed centuries old bonds of friendship and history. “We are not only geographically linked with each other but are bound together in culture, religion, ethnicity and traditions since times immemorial,” he said, adding that they also shared aspirations for a prosperous future for the people of their countries as well as the whole region.

 

[Xracer]

we will Inshallah

 

[EagleEyes]

Great news, more cooperation between Iran and Pakistan needs to be encouraged.

 

[American Pakistani]

Mashallah Good news, this will help economy plus relation with Iran will get more stronger.

Means Aik teer say do shikaar.

 

[VelocuR]

Not only this, there are more great news with Russia, China, SCO, now Iran after Abottabad raid.


anyone tell me what's status of Pakistan seeking Ahmadinejad's precious information regarding US plan.

 

[Meengla]

Good news.
However, I think Pakistan cannot allow itself to be seen getting too close to Iran because of deep financial ties with some Arab countries and the West.

The day Pakistan and Iran look very friendly in the way A'Jad is with Chavez and Assad will be the day when Pakistan will have finally getting out of its 60+ year old on-off strategic alliance with the West.

I know there are news like this trade increase as well as the IP Pipeline but very friendly ties with Iran is the red-line which Pakistan is not supposed to cross.

 

[ramu]

Pakistan, Iran agree to promote trade

Pakistan-Iran Joint Commission on Road Transportation has recommended that the two countries should open many additional international crossing points at Pishin and Reemdan (Iranian side), Mand and Gabd (Pakistani side) for promotion of trade and commerce as well as people-to-people contacts between them.

Presently, there is only one international crossing point between the two countries at Taftan on Pakistan side and Mirjaveh on Iran side.

The joint recommendations were signed at the concluding session of the 7th Pakistan-Iran joint commission on road transportation here on Tuesday.

The two sides discussed the problems being faced by the transporters and traders at the crossing point of Taftan-Mirjaveh and agreed to resolve them. The meeting also recommended visa abolition for drivers of trucks/trailers/buses as a measure to facilitate people to people contact and economic activity between the two countries.

It was also decided that National Logistics Cell (NLC) would establish a modern cargo terminal at Taftan.

Both sides agreed on working hours from 07:00am to 0700pm to facilitate the visitors (Zaireen) at Taftan-Mirjaveh border.

The Pakistani side told the meeting that National Highway Authority had incurred an amount of Rs2.3 billion during last three years on maintenance/rehabilitation of 605 km Quetta-Taftan Highway (N-40), and plans to upgrade the road to international standards in future.

It was decided that NHA would set up three rest areas at Taftan, Yakmach and Padak on Quetta-Taftan Road for convenience of the travellers.

Both sides also agreed to coordinate efforts to curb human trafficking, including issuance of fake passport and visas.

Iranian side assured the meeting that they would expedite the process of ratification of International Road Transport Agreement (IRTA-2008) with Pakistan and complete it within next the two months. Pakistan has already ratified the document.

Senior Joint Secretary communications Abdul Basit headed the 12-member Pakistani delegation.

The other members of the Pakistani side included representatives from foreign office, interior ministry, commerce ministry, national logistic cell (NLC), customs, NHA, ministry of communications, provincial transport department, government of Balochistan and members of transport associations and chambers of commerce and industry.

Iranian delegation was headed by Ali Reza Mujarrad, director general transportation and terminal including experts, members and representatives of transportation and road as well as officials of Iranian embassy in Islamabad.

 

[ramu]

A growth of 300% in 4 years (from $ 1 B to 4 B) according to me is wishful thinking but irrespective of what the growth target, any growth is good for the region.

 

[luckyyy]

pakistan just going to buy more oil from iran.....