KARACHI: A high-ranking trade delegation from Iran's Khorasan Province visited the Korangi Association of Trade and Industry (KATI) in Karachi, where both parties agreed to bolster industrial, trade, and investment connections. The discussions centered on promoting business-to-business linkages and enhancing bilateral trade between Pakistan and Iran.
According to Korangi Association of Trade and Industry, the meeting was attended by Iranian Commercial Attaché Murad Nemati, Mohsen Fallah, Executive Director of Dispatching Trade Delegation, members of the Iranian trade delegation, KATI Vice President Muhammad Talha Ali, former KATI President Junaid Naqi, and other business leaders. KATI President Muhammad Ikram Rajput highlighted the substantial untapped potential for expanding bilateral trade between the two nations. He emphasized the need for practical steps to facilitate border trade, improve banking channels, enhance customs and logistics infrastructure, and increase private sector participation.
Rajput proposed revitalizing joint business councils and industrial forums, regularizing business-to-business meetings, and promoting joint investments in key sectors such as food processing, pharmaceuticals, textiles, energy, and infrastructure. He also stressed the importance of collaborative platforms for young entrepreneurs and startups to foster innovation and cross-border business partnerships.
Murad Nemati, the Iranian Commercial Attaché, underscored the necessity for a new era of economic integration between Pakistan and Iran. He suggested that the two countries leverage their strategic geographic locations to forge a long-term strategic economic partnership through joint ventures and enhanced economic cooperation. Nemati expressed gratitude to the Pakistani government and people for their support and solidarity with Iran, asserting that recent developments had further cemented the strong bilateral relationship.
The meeting also featured contributions from KATI's former President Junaid Naqi and Vice President Muhammad Talha Ali, who presented proposals aimed at expanding trade opportunities. Participants held discussions on potential cooperation in sectors such as joint investments, logistics, transportation, agricultural products, trade facilitation, and industrial partnerships. They described the engagement as a significant step in advancing economic relations and creating new opportunities for bilateral trade and investment between Pakistan and Iran.