Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Breaking News

Iran seeks to enhance economic cooperation with Pakistan

byCT Report
08/12/2023
in Breaking News, Karachi, Latest News, Slider News
Share on FacebookShare on Twitter

KARACHI: His Excellency Hassan Nourian, the Consul General of the Islamic Republic of Iran, has expressed the enduring and robust diplomatic the enduring and robust diplomatic relations between Iran and Pakistan.

Addressing a meeting at the North Karachi Association of Trade & Industry (NKATI, the Consul General underscored the profound cultural ties between the two nations, especially in Balochistan, where mutual cultural affinities define the shared border. President NKATI Faisal Moiz Khan, Vice President Naeem Haider, Asfer Hussain, Chairman of the Diplomatic Committee and members also attended the meeting.

You might also like

Peshawar Enforcement raises Rs2.9b from confiscated gold, silver & foreign currency in FY2025-26

19/06/2026

Petrol price cut by Rs74, diesel by Rs67 as PM announces relief package

19/06/2026

The Consul General revealed plans to expand economic collaboration between Iran and Pakistan. Nine border markets are operational, and an additional six are set to open, spanning a substantial 900 km. This strategic move aims to amplify economic activity and trade between the two nations.

Hassan Nourian proposed organising a single-country exhibition in Tehran and other Iranian cities to showcase the quality of Pakistani products, fostering awareness among Iranian consumers. Pledging support to the North Karachi Association, he committed to providing crucial trade and exhibition information, strengthening bilateral ties.

Highlighting the ease of travel, the Consul General assured a straightforward visa process for Iran, encouraging more frequent exchanges. Acknowledging the current trade balance favouring Iran, Nourian expressed a steadfast commitment to achieving a more equitable distribution of imports and exports.

“The signing of Memorandums of Understanding with key chambers of commerce signifies a deepening economic collaboration, establishing a Business Council for Pak-Iran. Additional MoUs for counterparts in Iran aim to foster greater economic cooperation,” he added.

To address trade hurdles, CG urged the establishment of a direct payment channel by creating a Pak-Iran Bank, simplifying payment procedures. Emphasizing the need for a “Barter Trade System” in essential commodities, he aims to foster a more efficient and mutually beneficial trade relationship.

Drawing attention to the Gas Infrastructure Pipeline, the Consul General called upon Pakistan’s government to expedite discussions to enhance energy infrastructure. These developments signal a new era of strengthened diplomatic and economic ties between Iran and Pakistan, promising increased collaboration and prosperity for both nations.

In a momentous event, Faisal Moiz Khan, President of the North Karachi Association of Trade & Industry, warmly welcomed His Excellency Hassan Nourian, Consul General of Iran, marking a significant milestone in Pakistan-Iran relations. Khan emphasized the historical alliance, citing Iran as the first country to recognize Pakistan post-independence.

Addressing the ongoing efforts to enhance connectivity, the NKATI President detailed infrastructure projects, including upgrading the Quetta-Taftan highway and establishing new border crossing points. Negotiations on the Iran-Pakistan gas pipeline project underscored the commitment to deepening politico-economic engagement and fostering mutual trust.

He outlined a robust strategy to boost the trade relationship, emphasizing the diversification of traded goods, active negotiation of trade agreements, and attracting foreign investment. The strategy also focuses on streamlining customs procedures and border facilitation, with considerations for secure financial mechanisms and alternative payment methods.

“Cultural exchange, sustainable trade practices, and regular dialogues between trade officials are highlighted components of the strategy. Market research and investments in educational programs underscore a commitment to a well-equipped workforce and informed decision-making.”

Faisal Moiz concluded by stating that these initiatives aim to create a foundation for a robust and mutually beneficial trade relationship, contributing to the prosperity and development of both Pakistan and Iran. The collaborative effort reflects a shared vision for a more interconnected, sustainable, and prosperous future.

Related Stories

Peshawar Enforcement raises Rs2.9b from confiscated gold, silver & foreign currency in FY2025-26

byCT Report
19/06/2026

PESHAWAR: Collectorate of Customs Enforcement realised Rs2.902 billion during the financial year 2025-26 through the disposal of confiscated gold, silver...

Petrol price cut by Rs74, diesel by Rs67 as PM announces relief package

byCT Report
19/06/2026

ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif on Friday announced a major reduction in petroleum prices, saying the benefits of improved...

Pakistan, Iran eye $10b trade thru greater economic engagement

byCT Report
19/06/2026

ISLAMABAD: Pakistan and Iran have renewed their commitment to strengthening economic ties and increasing bilateral trade to $10 billion through...

SBP reserves rise slightly, Pakistan’s total forex holdings reach $22.742b

byCT Report
19/06/2026

KARACHI: Pakistan’s foreign exchange reserves remained broadly stable during the week ended June 12, 2026, with the State Bank of...

Next Post

IMF board to meet on Jan 11 for Pakistan's first review approval

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.