NEWS
ECONOMY   Tiles & Ceramics  

Exports to Pakistan Rise by 58% in 8 Months

The volume of Iran’s non-oil goods exported to Pakistan in the first 8 months of the current Iranian calendar year (March 21- November 22) has registered a 58% increase in comparison with the same period last year, reaching a total sum of $860 million worth of commodity.

Iran’s Commercial Attaché to Pakistan Mahmoud Haji Yousefipour announced that the figure shows a %58 hike in comparison with the $539 million exports in the similar time span of the past year.

The official noted that the trade volume between the two neighboring states exceeded $1 billion during the eight-month period with Iran sitting atop in exports. The Islamic Republic’s trade balance with Pakistan currently stands at 665, he added.

Tiles, ceramics, cement, mineral fuels, distillation products, fruits, nuts, organic chemicals, plastics, iron and steel, soaps, lubricants, waxes, and candles are among the goods Iran sends to Pakistan.

Senior leaders of Iran and Pakistan have vowed to enhance the values of trade exchanges between the two countries to the level of $5 billion.

A senior Pakistani trade official underlined in August that his country would not quit developing trade relations with Iran despite the re-imposition of sanctions against the Islamic Republic by the US.

"Sanctions will have no impact on Iran's trade with other countries and cannot hamper its progress," President of Iran-Pakistan Federation of Culture and Trade Khawaja Habib-ul Rahman said.

He underlined the re-imposition of the US sanctions against the Islamic Republic as an unjustified move, and said, "The economic situation of Iran is far better than the past and the new round of the US sanctions on Iran cannot hamper its progress."

Also, in September, Imran Khan voiced his country's willingness to broaden mutual cooperation with Iran in different fields.

"Pakistan is seeking enhancement of amicable ties with the Islamic Republic of Iran," Khan said.

The Pakistani prime minister underlined that Islamabad was looking for establishment of friendly relation with all its neighbors.

News No: 2892
Date: 2018/12/12 - 06:47
News Source: FARS News Agency

Pakistan  Mahmoud Haji Yousefipour  trade  Khawaja Habib ul Rahman  US sanctions 

Comments:

Leave a Comment:

   
   
   
 

Pakistan to Face Energy Crisis without Iran’s Gas

Pakistani policymakers have reached the conclusion that the country will face serious energy problems in 2020s without Iran’s gas supply.
 

US Could Soon Produce More Crude Than Saudis and Russians

America’s journey to pre-eminence in the global oil trade is about to hit another milestone. By the shale-oil boom, the US is already producing more crude than either Russia or Saudi Arabia, who until recently vied for the top spot. By mid-year America will go one better, Bloomberg reported.
 

Iran, Turkey to Further Ease Border Trade

Iranian and Turkish officials agreed to solve problems obstructing trade interactions across the common border of the two countries, and vowed to further strengthen cooperation and good neighborliness.
 

Iran, Slovenia Resolute to Expand Trade Ties.

Iranian Ambassador to Ljubljana Kazzem Shafei, in a meeting with Slovenian Deputy Foreign Minister Dobran Božič, said that trade transactions between the two countries had increased by 23% in the first 9 months of the current Iranian calendar year (started on March 21, 2018), adding that the two countries will hold joint economic commission in the near future.
 

Iran to Mark 40th Anniversary of Revolution with 576 Industrial Projects

Iran will mark the completion of 576 industrial, mineral and trade projects during the Ten-Day Fajr (Dawn) celebrations (to start on February 01), to commemorate the 40 anniversary of the victory of the Islamic Revolution of 1979.
 

China Offers NIOC $3b Oil-Field Deal 3

China’s state-run energy giant is making a new approach to strike a $3 billion Iranian oil field, seeking to take advantage of waivers allowed under US sanctions even as two European nations have ended crude purchases, according to people familiar with the matter.
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners