A three-day exhibition to enhance cooperation for mutual trade and investment between Pakistan and Iran has concluded in Islamabad.

“Pakistan-Iran Trade Exhibition” was organized under the auspices of the Embassy of Iran in Islamabad with the support of Iran National Innovation Fund and Ministry of Labor and Social Welfare Iran. Iranian business groups with a total value of about $800 million arrived in Pakistan from Iran to participate in the exhibition. These companies and business groups are related to various commercial sectors. Around 33 Iranian companies, including 22 traditional businesses and 11 knowledge-based companies specialized in science and technology and innovation, telecoms, dairy and food industry, kitchen wares, carpet, iron industry and textile industry, attended the event.

The participants from Iran were of the view that the exhibition would help in bringing the business community of both countries closer and promoting mutual investment. They said that Pakistan and Iran were located at geo-strategic positions which could facilitate the development of regional trade and the achievement of geo-economic goals by the countries of the region.

Speaking on the occasion, Ambassador of Iran to Pakistan Seyed Mohammad Ali Hossein said that it was important for the business communities of both countries to come closer to promote mutual trade between Pakistan and Iran. The ambassador said that the purpose of the exhibition was to increase cooperation in the fields of trade, industry and investment in both countries.

Ambassador Hosseini said that recently Pakistan Iran Joint Economic Commission (JEC) talks were held in Pakistan and Iran to promote bilateral trade. He said the aim of the JEC talks was to increase the volume of trade between the two countries. He said that after these negotiations, agreements of cooperation were also signed between the two countries in four different fields.

Credit: Independent News Pakistan-WealthPak