Economy, Domestic Economy

Trade Ties With Pakistan

Trade Ties With PakistanTrade Ties With Pakistan

In a meeting with a high-ranking delegation from Pakistan’s Punjab on Saturday, the head of Trade Promotion Organization of Iran put forth the idea of conducting transactions in leather, food and textile sectors. “Pakistan accounts for a significant share of the world’s leather production; at the same time, Iran needs to import leather to manufacture leather goods,” Valiollah Afkhamirad said. Referring to Iran’s high potential in textile industry, the TPO chief invited the Punjabi delegation to visit Iranian textile factories. Trade between the two neighboring countries should hit the 5-billion-rial mark, IRNA quoted him as saying. “To that end, hurdles in the way of bilateral trade should be cleared,” he added, without elaborating. The Punjabi agriculture minister expressed his country’s willingness to improve economic relations with Tehran. “Pakistan is willing to export agricultural produce to Iran,” Farrukh Javed said.