Trade With Pakistan Up 35%
Economy, Business And Markets

Trade With Pakistan Up 35%

Trade between Iran and Pakistan rose 35% in the last Iranian year (ended March 20, 2017) compared to the preceding year to stand at $1.15 billion. Iran’s exports to Pakistan, mainly including gas, oil derivatives and nuts, accounted for over $775 million of the total sum, IRNA reported. A roadmap was agreed upon between Iran and Pakistan during President Hassan Rouhani’s state visit to the neighboring country in March 2016, based on which bilateral trade is targeted to reach $5 billion in five years (by 2021). The two sides are also in talks to sign a free trade agreement to boost commercial exchanges. The second round of mutual negotiations is scheduled for July.

Short URL : https://goo.gl/zud3aq
  1. https://goo.gl/KWJkTW
  • https://goo.gl/5Dnxtz
  • https://goo.gl/1c5lDf
  • https://goo.gl/Xbb8MA
  • https://goo.gl/579zPx

You can also read ...

Relations with banks from China, the UAE and Turkey had recently hit snags.
A senior Iranian official announced that there are no...
Gov’t Sends AML/CFT Amendments to Majlis
President Hassan Rouhani has presented two bills for making...
Undue Expectations From Gov’t
Trade Promotion Organization of Iran, affiliated with the...
Gold Coin  Hits Record
Gold coin prices recorded multiple rallies in the past month...
Forex ETS to Expedite Rate Unification
The Central Bank of Iran’s Exports Department has sought to...
Kerman Motor assembled 4,217 Hyundai cars during the first seven months of the current fiscal that ends in March 2018.
Local automaker Kerman Motor is trying to shift focus from its...
Iran signed a $650-million contract with the world’s largest shipbuilding company Hyundai Heavy Industries Company in December for the South Korean firm to build four 14,400 TEU container ships and six 50,000 DWT product tankers.
South Korea was Iran's fourth biggest export destination (...
Expansion of Modern Irrigation Systems
Modern irrigation systems have been installed over nearly 85,...

Add new comment

Read our comment policy before posting your viewpoints

Enter the characters shown in the image.