Efforts underway to enhance trade relations with Iran: Pak minister

IRNA – Pakistan Minister for Finance Asad Umar has said that efforts are underway to build strong trade relations with all the countries of the region including Iran.

He said this while talking to members of Balochistan Chamber of Commerce regarding difficulties in trade issues during a meeting in south western city of Quetta.

Asad Umar further said directive was issued for the completion of a report within 30 days to promote trade activities between Iran and Pakistan.

The minister added economic and trade policies are being formulated to ensure development of agriculture and industrial sectors in the country, aiming to provide maximum job opportunities to the youth.

Asad Umar said Balochistan is the largest province of the country where central and provincial governments would work together for uplifting the agriculture sector.

He said there are vast opportunities of investment in Balochistan and rest of the country in agriculture, minerals and Halal food as per international demands.

Federal Minister said the next phase under China-Pak Economic Corridor (CPEC) would be the establishment of industries and the government would try to ensure the inclusion of chambers of commerce in that phase.

The finance minister said there should be elimination of double standard in international trade, adding we would try to build strong trade relations with all the countries of the region including Iran.

Asad said the government wanted to establish such a system in the country where all the complications being faced by the business community could be eliminated and they could be facilitated more.

He said the government was introducing a comprehensive plan to end smuggling which would improve the security situation in respective areas of the state. Smuggling would end after installation of fence at Pak-Afghan border, he added.