Code: 82005901 (5234943) | Date: 17/03/2016 | Time: 11:30|
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Pakistan prepares for President Rouhani’s visit

Islamabad, March 17, IRNA - Pakistan Minister for Commerce Khurram Dastgir Khan has directed officials to draft a comprehensive strategy to enhance trade cooperation with Iran prior to a visit to Pakistan by Iranian President Hassan Rouhani.

The visit is scheduled on March 25-26.

Following the lifting of most economic sanctions against Iran, potentials to strengthen business ties with this neighbouring country has increased substantially with many state and private representatives looking for taking advantage of the situation.

Khan instructed the ministry while presiding over a meeting to prepare proposals for President Rouhani’s visit.

The meeting was attended by officials of Ministry of National Food Security and Research, State Bank of Pakistan (SBP), Federal Board of Revenue, representatives of traders, rice and kinnow associations. Two officials of the Iranian Ministry of Trade visiting Pakistan also attended the meeting on the special request of the minister.

The meeting was informed by the collector customs Quetta that there has been a three-fold increase in revenue at Pakistan-Iran border as a result of better border management which has discouraged illicit trade.

The representative of the SBP informed the meeting that there is no restriction on trading through formal banking channels with Iranian companies in Euro.

Khan’s decision to call for a trade proposal may just be a step in the right direction since a recent research report by the Pakistan Business Council (PBC) has revealed huge discrepancies in the bilateral trade data available.


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