News ID: 281294
Published: 0412 GMT March 02, 2021

Iran, Pakistan to hold trade webinar today

Iran, Pakistan to hold trade webinar today

The Trade Development Authority of Pakistan (TDAP) will hold an online seminar on the expansion of Iran-Pakistan trade on Wednesday, according to the portal of Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA).

Officials, businessmen, and traders from both sides are due to attend this online event, reported.

Considering Pakistan’s relatively large consumer market, expansion of trade with the country and boosting exports to its market has become one of Iran's priorities in recent years.

Exports to Pakistan in the last Iranian year (ended March 19, 2020) stood at $1.2 billion, but in the meantime, financial and banking problems created obstacles on the way of trade between the neighboring countries.

Last December, Pakistan’s Advisor to Prime Minister on Commerce and Investment Abdul Razak Dawood said Islamabad was seeking to enhance ties with Tehran, especially in economic areas.

“Our relations with Iran are improving and we hope that the development of the two countries’ economic ties will go beyond political relations,” he said.

The advisor also said the Pakistani government is keen on developing border markets and infrastructure with Iran.

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