Businessmen from Iran invited to invest in Pakistan

Businessmen from Iran invited to invest in Pakistan

Islamabad, Oct 22, IRNA – The business community of Iran has been invited to invest in different sectors of northwestern Khyber Pakhtunkhwa province in Pakistan.

The president of Sarhad Chamber of Commerce and Industry (SCCI) Haji Mohammad Afzal extended the invitation during a meeting with Iranian Consul General in Peshawar, Mohammad Baqir Begi.

He said that Iranian business community could invest in the hydel power generation, gems, jewellry, marble, medicines, petrochemicals, and ghee and oil sectors of Khyber Pakhtunkhwa.

Both sides on the occasion have also agreed to exchange delegations of businessmen and make joint efforts for increasing trade volume between Pakistan and Iran.

Iranian Consul General Mohammad Baqir Begi, expressing his views, said that Iran wanted to join the China-Pakistan Economic Corridor and negotiations for the purpose were also in progress.

He said that Iran would issue multiple visas to the traders’ representatives on the recommendations of the chamber.

He said that after lifting of economic sanctions from Iran the chances for trade between the two countries had increased manifold. The envoy said that flights from Peshawar to Tehran would start in 2017.

The SCCI chief said that Pakistan gave much importance to trade with Iran and thus the business community of Khyber Pakhtunkhwa also wished to have trade ties with Iran on solid footings.

He said that the trade volume between the two states could be increased to $5 billion, adding that both the states should take effective steps for an end to the menace of smuggling. He emphasized on exchange of delegations of business community so that the people could come closer to each other.

He invited the business community of Iran to Khyber Pakhtunkhwa and wished to lead a delegation of businessmen to Iran to share their experiences.




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