There is a need to enhance business-to-business relations between Pakistan and Iran to steer socio-economic improvement in the region, said Consul General of Iran Mohammad Reza Nazeri.

Speaking at the first session of Pakistan-Iran Business Facilitation held on Friday, he pointed out that Iran was a beneficiary of China-Pakistan Economic Corridor (CPEC) and the country always extended its support to Pakistan for enhancing bilateral cooperation.

“Pakistan can import cheap electricity and gas from Iran to reduce its cost of doing business,” Nazeri said.

Moreover, he invited the business community to explore the potential of transit trade to Central Asia and Russia.

He offered all necessary support to the local businessmen for establishing joint ventures, setting up businesses and accessing free zones in Iran.

Speaking on the occasion, Lahore Chamber of Commerce and Industry (LCCI) Standing Committee on ECO Convener Aqib Asif called on the government of Pakistan to consider operating the Iran-Pakistan Gas Pipeline to cope with the ongoing gas crisis faced by the industry.

He hailed the excellent relations enjoyed by Pakistan and Iran and stated that the new Iranian government envisioned further strengthening of relations with its neighbours. He urged Pakistan to reap maximum benefits of this vision.

Published in The Express Tribune, July 17th, 2021.

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