Economics & Business

Naveed Qamar calls on Iranian Commerce Minister

ISLAMABAD: The Federal Minister for Finance and Economic Affairs Syed Naveed Qamar held a meeting with the Iranian Commerce Minister, Masood Mir Kazemi in Tehran. During the meeting they exchanged views on promotion of economic and commercial cooperation between the two countries.

The Federal Minister told the Iranian official that Pakistan Commerce Minister Chaudhry Ahmed Mukhtar will visit Tehran to attend the next session of the Joint Trade Committee. The Iranian Commerce Minister referring to the import of rice from Pakistan said Iran was interested in dealing with major Pakistani exporters of rice. The Federal Minister assured the Iranian Commerce Minister that Iranian businessmen will be facilitated to import rice from Pakistan.

Both the sides agreed to follow up earlier agreements in order to ensure promotion of trade between the two countries. The Federal Minister also called on his Iranian counterpart Mr. Samsami and discussed ways of enhancing economic cooperation between the two countries. While thanking Iranian Minister for hosting 17th JEC, the Minister for Finance Syed Naveed Qamar expressed hope that the current session of the Joint Economic Commission will help in identifying new areas of cooperation. He also expressed hope that this session will be able to follow up all previous decisions.

On his part, Mr. Samsami said that both the countries enjoy many commonalities and informed that there is a realization in Iran that volume of bilateral trade is too low and does not reflect the existing potential. Both the sides agreed that a serious effort should be made to identify the bottlenecks and new avenues for cooperation should be explored.

The Iranian Minister informed that Iran was ready to explore cooperation in several fields including energy, power plant, dams, railways etc. It was also agreed that an early establishment of Pakistan-Iran Joint Investment Company will also facilitate bilateral trade. Both sides also noted with satisfaction the recent operationalization of the ECO Trade and Development Bank (ECO TDB). The two sides also noted with satisfaction the ongoing cooperation between Iran and Pakistan in different multilateral forums and emphasized that they would continue with the on-going cooperation.

Later in the evening, the Ambassador of Pakistan hosted reception in honor of the visiting Minister for Finance. It was attended by Iranian Foreign Minister, Manouchehr Mottaki, and Deputy Foreign Minister Alireza Sheikh Attar, diplomats, senior Iranian officials, media representatives and a cross section of Pakistani community.-SANA

About the author

Rubab Saleem

Rubab Saleem is Editor of Pakistan Times

Add Comment

Click here to post a comment

Your email address will not be published. Required fields are marked *