Pak-Iran bilateral trade volume to reach $5b: Sartaj Aziz

Islamabad | September 6, 2016 |

Islamabad: Adviser to the Prime Minister on Foreign Affairs Sartaj Aziz Monday informed the National Assembly that volume of bilateral trade between Pakistan and Iran would reach $5 billion in coming years.

Responding a question, he said Pak-Iran trade volume was around $1.6 billion annually before international sanctions on Iran, which was reduced to $300 million. He said during the meeting between Prime Minister Muhammad Nawaz Sharif and the Iranian President it was agreed to enhance the trade between two countries.

Banking system between Iran and Pakistan had become functional while work on Pakistan-Iran gas pipeline had also started, he added. The Adviser said Pakistan shared 2600 kilometers long porous border with Afghanistan. Owing to cultural proximity, the cross-border movement was quite frequent as around 40,000 to 50,000 people crossed the border daily, however, most of the movements were regulated, he added.

He said to streamline cross-border movement; Pakistan was implementing border management measures, including setting up gates and installation of wires at the border crossing points. Implementation (of the border management measures) started on June 1 with setting up of border controls at Torkham where despite opposition from the Afghan side Pakistan had installed a 37-meter gate, he added.

He said Pakistan had 119 diplomatic/consular representations abroad. To another question, he said,” We do not have diplomatic relations with countries, including Israel, Armenia and Taiwan. We have 85 ambassadorial level missions and 32 diplomatic missions at Sub-Mission/ Consulate General/ Consulate level. There are 99 countries which are concurrently accredited to the diplomatic missions of Pakistan.” He said Pakistan’s missions abroad were playing an effective role in promoting the country’s interests and image worldwide.

About Arif Qureshi

Check Also

FM Qureshi says Pakistan and Saudi Arabia have heart-to-heart relationship

Islamabad: Foreign Minister Shah Mahmood Qureshi on Monday dismissed a campaign on social media, claiming a …