ID :
96387
Wed, 12/23/2009 - 01:54
Auther :
Shortlink :
http://m.oananews.org//node/96387
The shortlink copeid
Improved banking will increase Iran-Pakistan trade: envoy
KERMANSHAH, Dec. 22 (MNA) – By alleviating banking problems between Iran and Pakistan trade will reach $3 billion in the next 2 to 3 years, Iranian commercial envoy to Pakistan said.
Ahmad Fasihi said that we are pursuing permission from the Pakistani Central Bank to allow an Iranian bank to become a trade center in Karachi, and a Pakistani bank open a branch in Tehran.
By doing this, the problem of opening letters of credit (LCs) will be essentially resolved for merchants and trade between the two countries will exceed $3 billion, he stated. The bilateral trade in 2008 trade between the two countries stood at $500 million.
Fasihi added that due to our common borderline with Pakistan transportation fees are low and this is a factor we should take advantage of.
He said that Iran could transit Pakistani products to Europe, adding that Tehran could also export technical and engineering services to that country.
Ahmad Fasihi said that we are pursuing permission from the Pakistani Central Bank to allow an Iranian bank to become a trade center in Karachi, and a Pakistani bank open a branch in Tehran.
By doing this, the problem of opening letters of credit (LCs) will be essentially resolved for merchants and trade between the two countries will exceed $3 billion, he stated. The bilateral trade in 2008 trade between the two countries stood at $500 million.
Fasihi added that due to our common borderline with Pakistan transportation fees are low and this is a factor we should take advantage of.
He said that Iran could transit Pakistani products to Europe, adding that Tehran could also export technical and engineering services to that country.
