Free-trade’ mechanism to enhance Pak-Iran mutual trade

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Consul General of Iran in Peshawar, Hamid Raza Ghomi said the Islamic Republic of Iran is devising a holistic mechanism to carry out free-trade with Pakistan which would help cement mutual economic and trade relations between the two brotherly Islamic countries.

While talking to President Sarhad Chamber of Commerce and Industry (SCCI) Hasnain Khurshid Ahmad here at the Chamber’s House said Pak-Iran were enjoying cordial relations owing to common culture, religion and Muslim countries, according to an official communique issued here on Friday.

SCCI senior vice president Imran Khan Mohmand, former president Faiz Muhammad Faizi, former senior vice president Ziaul Haq Sarhadi, first Consul Iranian Consulate Peshawar Hossein Maliki, PS to Consul General Peshawar Imtiaz Ali, Spokesman Dr Fazal Azeem, executive member Ghulam Bilal Javed were also present during the meeting.

Both sides agreed to make joint efforts to enhance bilateral trade and economic relations.

He said the mutual trade and economic ties between the two brotherly Islamic countries had also much improved after enforcement of the Transport Internationaux Routier (TIR) system.

Ghomi informed that his country had worked on a joint mechanism to carry out free trade with Pakistan if the policy would be implemented, so it could easily achieve the set target of five billion dollars mutual trade target between the two countries.

However, he said the option of barter trade was also available to cement the mutual relationship between Iran and Pakistan.

On the occasion, the Iranian envoy suggested signing of Memorandum of Understanding (MoUs) between Sarhad Chamber and Mashhad Chamber of Commerce, Industries and Mines in Iran to launch joint initiatives for promotion of bilateral trade between the two countries.—APP

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