Pakistan to expedite trade with Iran by investments

Finance Minister Abdul Hafeez Shaikh said on Friday, Pakistan-Iran Investment company can play an important role in expediting the trade between both countries.

The Minister remarked in his meeting with Iran's Deputy Minister of Economic and Finance Affairs Hassan Abghari. Abghari is also the managing director of Iran Foreign Investment Company (IFIC).

Shaikh told the Iranian Official that the government of Pakistan was continuing with a broad-based economic reforms agenda to achieve export-led growth and ensure sustainable economic development.

He also highlighted the economic challenges posed by the Covid-19 pandemic and the socio-economic measures taken by the government to lessen the impact of the disease on the marginalised sections of society.

"The government announced the largest-ever fiscal stimulus package and introduced a strategy of smart lockdown to protect the vulnerable segments of society," the minister quoted.

Both sides concluded discussions to promote bilateral economic and trade linkages by building on historical ties, geographical proximity, cultural affinities, and economic commonalities with the help of the Pakistan-Iran Investment company.