Members of the Tehran Chamber of Commerce negotiate
with their counterparts in the Federation of Pakistani Chambers of Commerce,
pointing to the low level of trade relations and the numerous barriers to the
development of these interactions emphasized the use of tools such as exhibitions, business
delegations as well as the use of non-banking channels for Money transfer.
The president of the Pakistan Chamber of Commerce,
in this meeting, considered the level of economic relations between the two countries
insufficient compared to the existing capacities and partnerships between the
two sides. Bothe countries did not use the opportunity Mian Anjam Nisar said. Pointing
to unfair US sanctions again Iran resulted to banking barriers between bilateral
trade barter trade is the best way to bypass the barriers he added.
the meeting, TCCIMA chairperson said Iran and Pakistan economies complement each
other so by using the tools such as barter trade and non-banking channels we
would be able to low sanctions pressure. For example, ran by using these tools
Iran could increase its trade ties with Turkey, UAE and Iraq. Nowadays, the
possibility of money exchanges between Iranian businessmen and women with their
counterparts in Turkey, UAE and Iraq has been provided through non-bank
channels which have had a great role in improving trade relations with these
countries. He added that Pakistan's private sector, which is also very
powerful, could demand the creation of new mechanisms for money exchange with
Iran from the government.
Reports say Iran exported 2.26 million tons of
commodities worth $867 million to Pakistan during the nine months to Dec. 21,
2019, to register a 20% rise in tonnage and a 3% decline in value compared with
last year’s corresponding period.
Pakistan had a 2.7% share in Iran’s
total exports during the period. It exported 293,000 tons of goods worth $331
million to Iran during the same period to register a 48% and 58% growth in
tonnage and value respectively year-on-year.
Pakistan had a 1% share in Iran’s total
imports during the period under review.