Iran To Increase Trade to $5 Billion

After the better law and order in the country many doors have been open for Pakistan and one of them is the trade between Pakistan and Iran. Now this trade has been increased to $5 billion. The plan has been established under the trade corporation to enhance the trade to $5 Billion.

This has to be signed by Pakistan’s commerce Minister Khurram Dastgir and Iranian minister of industry, mines and trade, the plan based on 5 year strategy. This has planned in the recent visit of Iranian president Hassan Rouhani.

Strategic plan will increase up to $5billion in coming 5 years and many problems have been solved to achieve this target. Both countries should cooperate to increase the trade as the sanction has been lifted from Tehran.

They are thinking to establish a team of experts to manage all the difficulties and problems, and both countries are willing to cooperate. They have made changes in the preferential trade agreement after lifting of the sanction and have increased trade in good, investments and services.

They are picking up pace to conclude FTA negotiation and to increase coordination, they will provide a basic criteria of the FT by the end of April 2016.