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The Iranian President’s visit to Pakistan is promising for future trade agreements: Atif Ikram Sheikh

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The President of the Federation of Pakistan Chambers of Commerce and Industry, Atif Ikram Sheikh, has welcomed the visit of the Iranian President to Pakistan and stated that the establishment of a joint special economic zone between Pakistan and Iran is a positive step towards enhancing economic relations between the two countries.

Pakistan and Iran have huge opportunities for cooperation in agriculture, trade, investment and IT sectors, Both countries not only desire mutual cooperation but have also achieved the goal of enhancing bilateral trade up to five billion dollars under a treaty, he added.

President Federation Atif Ikram said that Establishing strong trade relations with Iran is a positive step for the economy and we should aim to strengthen the Pakistan-Iran agenda by enhancing cooperation in various sectors such as trade, energy and agriculture.

During the Iranian President’s visit to Pakistan, the possibility of signing joint agreements is promising and the establishment of a bilateral economic zone at the government-to-government level will benefit the economy.

Atif Ikram added that Trade relations between Pakistan and Iran have been established for years but the current trade volume is much lower than its potential To enhance this, both countries need to make positive progress in bilateral trade cooperation, remove barriers in two-way trade, finalize free trade agreements and establish institutional links between private sectors.

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