News ID: 273022
Published: 0122 GMT August 17, 2020

Pakistan to establish markets along common border with Iran

Pakistan to establish markets along common border with Iran

Pakistan Prime Minister’s Advisor for Textile, Industry & Production Abdul Razak Dawood announced that his country is to establish markets at its common border with Iran.

As the Pakistani media reported, the official added, “The development of similar markets on the border with Iran is also on the agenda of the Islamabad government.”

His remarks were made on the verge of the ninth round of Iran-Pakistan joint trade committee meeting, which is to be held in the near future, reported Mehr News Agency.

Lamenting about the US sanctions imposed on Iran, Dawood said that the sanctions have slowed free trade between the two sides.

“Sanctions on Iran are an obstacle to the promotion of trade relations,” he said, adding that no headway is being made on the independent trade agreement with Iran due to sanctions.

In a bid to strengthen bilateral relations and expand cooperation in the fields of trade and commerce, Iran and Pakistan have recently decided to hold a new round of meetings of the Joint Trade Committee and the Joint Economic Commission.

On July 6, 2019, heading a high-ranking delegation, the former Iranian minister of industry, mines and trade Reza Rahmani paid a visit to Pakistan to attend the eighth Iran-Pakistan Joint Trade Committee meeting and to explore avenues of economic cooperation with Pakistani officials.

At the time, the two sides signed a memorandum of understanding for strengthening bilateral trade and economic ties and vowed to remove potential barriers in the way of mutual trade.

In November 2019, Observer of Pakistan’s Balochistan Province Reza Baloch said that the government of Pakistan decided to launch four border marketplaces on the border shared with Iran for trade and business as well as to improve the livelihood of frontiersmen.


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