Iran favors raising trade volume with Pakistan to $5 billion

News Image

By MG News | April 18, 2019 at 11:45 AM GMT+05:00

0:00

April 18, 2019: Minister of Industry, Mines and Trade, Reza Rahmani has called for raising the volume of trade exchanges between Iran and Pakistan to $5 billion by 2021.

Addressing a ceremony marking Pakistan Day in Tehran on Wednesday, he hoped the goal will be materialized by establishing banking ties and finalization of free trade memorandum of understanding.

He said that Iran and Pakistan boast of numerous commonalities in various sphere including religion, culture and history.

“Iran-Pakistan ties as old as the country’s independence and the two regional big countries’ relations have always been friendly and excellent,” he said.

Iran was the first country which recognized independence of Pakistan and established embassy in Islamabad, Rahmani said, describing Pakistan as major gateway for Iran to enter to the East.

“Iran is also a country with numerous economic potentials,” he said, noting that Iran’s economy and market will not be ignored by the economic activists and political officials.

The two countries are able to develop collaboration in the fields of agriculture, foodstuff, tourism, pharmaceuticals and sports.

Ceremony marking Pakistan National Day attended by diplomats from certain countries including France, Turkey, Azerbaijan, Cuba, Armenia and Palestine was held in Tehran.

On a peripheral note, Prime Minister Imran Khan will be paying a two-day official visit to Iran from Sunday on the invitation of President Hassan Rouhani, marking his first visit to the neighboring country.

The visit will include a brief stop-over in Mashhad before arriving in Tehran for bilateral talks with the Iranian leadership.

The Prime Minister will also call on Iranian Supreme Leader Seyed Ali Khamenei besides holding detailed consultations with President Hassan Rouhani.

(APP)

Related News

Name Price/Vol %Chg/NChg
KSE100 129,490.97
60.88M
1.01%
1291.54
ALLSHR 80,592.85
188.69M
1.01%
805.23
KSE30 39,554.04
23.38M
1.15%
449.04
KMI30 188,570.40
22.42M
0.89%
1654.79
KMIALLSHR 54,627.99
82.69M
0.79%
426.11
BKTi 34,136.43
12.23M
1.97%
659.75
OGTi 28,170.63
1.83M
0.74%
208.05
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 106,600.00 106,610.00
105,440.00
850.00
0.80%
BRENT CRUDE 67.18 67.29
67.05
0.07
0.10%
RICHARDS BAY COAL MONTHLY 97.50 97.50
97.50
0.70
0.72%
ROTTERDAM COAL MONTHLY 103.80 103.80
103.80
-3.45
-3.22%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 65.47 65.65
65.34
0.02
0.03%
SUGAR #11 WORLD 15.70 16.21
15.55
-0.50
-3.09%

Chart of the Day


Latest News
July 02, 2025 at 09:53 AM GMT+05:00

Govt policy shift lowers cost of imported vehicles


July 02, 2025 at 09:22 AM GMT+05:00

Asia markets waver while Singapore stocks soar


July 02, 2025 at 06:01 AM GMT+05:00

MG Morning Breeze: Updates to Skim before Market



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg