Consul General of Iran Mehran Movahedfar said on Tuesday that Pakistan-Iran needed to make Preferential Trade Agreement (PTA) effective.
Talking to business community here at Lahore Chamber of Commerce and Industry (LCCI), he said, “We need to focus on preferential trade agreements.” The Iranian government was in the process of following up on it while the Pakistani Chambers should also follow up on it. He said that the problems of banking channels had started since 2010. “We need to create a Conflict Resolution Committee or system that will be the responsibility of a financial institution,” he maintained.
He mentioned, “We have presented our suggestions in this regard. Three months ago, the Governor of the State Bank of Iran came to Karachi and signed the agreement for the Conflict Resolution Committee. This is an important step that will resolve the disputes between traders on both sides.”
The Consul General said that tragic terrorism incident in Pakistan had underlined the need for strengthening relations between the two countries in other fields apart from economic relations.
