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:

   
   
   
 

Brent, WTI Prices Slip

Oil prices slipped on Monday as signs of an economic slowdown amid international trade disputes began to outweigh supply fears that were stoked by attacks on oil tankers in the Gulf of Oman last week and sent prices higher.
 

SE Asia: Billet Market Remains Silent Amid Less Trades

This was another dull week for global billet market. This week, market was observed exactly in the similar tone with the expectations. The dullness intensity of the global billet market escalated this week, even the Eid festivity did not brought any boon to the market.
 

Pakistan Budget FY20 : What Does it Mean for Steel Sector ?

SteelMint learned in recent conversations with industry participants that Pakistan’s government has declared its fiscal year 2020 budget yesterday.
 

Global Ferrous Scrap Market Overview - Week 23, 2019

Global ferrous scrap markets witnessed downtrend on poor demand this week. Turkish steelmakers remained away from trading activities on public holidays. South Asian market showed little activity with India witnessing limited deals at lowered prices while Pakistan and Bangladesh remaining silent on Eid Holidays.
 

Iraqi Kurdistan Calls for More Economic Ties with Iran

The Importer and Exporter Union of Iraq’s Northern region of Kurdistan called for wider economic relations with Iranian traders, and asked for an office of Sanandaj Chamber of Commerce to be opened in Erbil, the central city of the Iraqi Autonomous Region.
 

Iran’s Oil-Free Economic Conduct

The Iranian Parliament’s Research Center (IPRC) released a new plan on how to deflate the US economic pressures by cutting off dependence on oil revenues as a counter-strategy against the US sanctions on Iranian crude supplies.
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners