Economy, Domestic Economy

Tehran, Islamabad Agree to Up Trade to $5b p.a.

Tehran, Islamabad Agree to Up Trade to $5b p.a.Tehran, Islamabad Agree to Up Trade to $5b p.a.

The fourth meeting of Iran-Pakistan Border Trade Committee concluded in Quetta on Wednesday by agreeing to increase bilateral trade from the current $1 billion to $5 billion per year. Addressing a joint press conference after the meeting, the head of Iranian delegation, Nader Mir-Shekari, Customs Collector of Quetta Saeed Jadoon and other officials said air and rail services between the cities of Quetta in Pakistan and Zahedan in Iran would be launched to facilitate two-way trade. According to the Pakistani financial daily Business Recorder on Thursday, they said a 10-member committee comprised of traders from both sides had been formed to look into the problems and hurdles pertaining to import and export between the two countries. Later, several memorandums of understanding were signed between the two sides.