Iran and Pakistan to boost trade cooperation

Iran and Pakistan to boost trade cooperation

Iran's Minister of Roads and Urban Development Rostam Ghasemi said that Iran and Pakistan will witness a development in trade relations with the implementation of the clearing mechanism.

According to the minister, Iran is ready to develop cooperation with Pakistan in various fields including energy, clearing trade and banking, IRNA reported.

Referring to the importance of holding Iran-Pakistan's joint economic commission, he described such an event as a way to pursue agreements and increase interactions in different sectors.

Noting that the joint economic commission between Iran and Pakistan will be held on Wednesday and Thursday, Ghasemi stated that on the second day of the commission, the two countries will sign various memorandums of understanding to expand their current cooperation.

He considered the development of border markets between Iran and Pakistan as important for improving the lives of border dwellers and increasing interactions between neighboring border provinces, adding, "Strengthening the cooperation between the two countries in the field of border and transportation is also on the agenda of the joint economic commission."

"The banking transactions between the two countries have also been followed up and we are looking forward to the implementation of the clearing mechanism and we believe that this plan will provide the basis for increasing commercial cooperation between the two neighboring countries," the Iranian minister added.