Morad Nemati underscores the need to bring down custom duties to encourage legal trade
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KARACHI: Leader of the Iranian trade delegation, Moard Nemati said both the governments should take measures to reduce custom duties and deal with the barriers hindering smooth trade between Pakistan and Iran.
Addressing a meeting at Karachi Chamber of Commerce and Industry (KCCI) here on Saturday, Morad Nemati said, “a formal banking channel between the two countries should be activated which was widely being demanded by the business communities.”
While referring to China-Pakistan Economic Corridor (CPEC), he said that this essential project was going to open up huge opportunities not just for Pakistan but also for Iran and they (Iran) want to become part of this project which would surely ensure prosperity in the entire region.
He also underscored that the business communities of the two countries will have to meet more frequently and improve their contacts, besides holding Single Country Exhibitions which would certainly improve trade and investment in both the brotherly countries.
Morad Nemati, who has also discharged his service as Commercial Attaché of the Iranian Consulate in Karachi, assured full support and cooperation to the business community so that trade could improve further and they collectively explore new avenues trade cooperation.
Earlier, Vice President KCCI Shahid Ismail, while welcoming the Iranian delegation, stated that despite being brotherly countries, trade remains low hence, Pakistan and Iran must make collective efforts to explore new avenues. It has always been KCCI’s struggle to promote bilateral trade and the Chamber has a very positive approach towards improving trade ties particularly with neighboring countries.
He pointed out that the bilateral trade between Pakistan and Iran was much less than the potential as Pakistan exports stood at a mere $330.2 million while the imports were around $1.247 billion during 2018.
Commercial Attaché of the Iranian Consulate in Karachi Mahmoud Hajy Yousefi Pour, Vice President Shahid Ismail, Former Vice President Asif Sheikh Javaid, KCCI Managing Committee Members and members of the Iranian delegation from different sectors of the economy were also present on the occasion.
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