MoU signed to boost border trade with Iran

Published June 2, 2022
zahedan: Pakistan and Iran on Wednesday agreed to establish six joint border markets to boost trade volume.—Dawn
zahedan: Pakistan and Iran on Wednesday agreed to establish six joint border markets to boost trade volume.—Dawn

QUETTA: Pakistan and Iran on Wednesday signed a 32-point memorandum of understanding (MoU) to boost bilateral trade and provide more facilities to people involved in the border trade and other business activities.

The MoU was signed at the conclusion of a two-day meeting of the Pak-Iran Joint Border Trade Committee in Zahidan, the capital of Iran’s border province of Sistan and Baluchestan.

The Chief Collector of Customs, Balochistan, Mohammad Sadiq, and the General Manager of Industry, Mines and Trade Organisation of Iran’s Sistan and Baluchestan province, Eraj Hassanpur, signed the MoU.

President of Quetta Chamber of Commerce and Industry (QCCI) Fida Hussain Dashti, Senior Vice President of QCCI Haji Ayub Mariani, QCCI Vice President Amjad Ali Siddiqui, Arshad Habib Khan and other members of the Pakistan delegation attended the MoU signing ceremony.

Under the MoU, the two countries agreed to ensure complete cooperation between the two countries to achieve the five-year Strategic Trade Cooperation Goals by removing all hurdles to bilateral trade.

It was also agreed in the meeting to make business crossings at Mand Pishin functional and establish Customs and other administrative offices in Ramdan Gabd and Kohak Panjgur and also make them functional within two months.

In the first phase of the implementation of the agreement, six joint border markets on both sides of the two countries would be established and activated. Special Economic Zones would be set up in Mirjaweh, Gwadar and Chabahar and Sistan to facilitate access of private sector workers in them.

Under the agreement, 30 per cent of Pakistani freight vehicles would be allowed entry to Zahidan and 30 per cent of Iran’s freight vehicles would be allowed entry to Quetta.

It was also agreed to import and export goods through trains, promote tourism between the two countries and enhance mutual cooperation to help educate the youth in technical education.

Published in Dawn, June 2nd, 2022

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Course correction
24 Feb, 2024

Course correction

THE PTI emerged from the Feb 8 elections as Pakistan’s largest political party. It should start acting like one....
The plot thickens
24 Feb, 2024

The plot thickens

THE recent explosive allegations by Liaquat Ali Chattha, the former commissioner of Rawalpindi, have thrust the...
Trigger-happy police
24 Feb, 2024

Trigger-happy police

ARE the citizens of Karachi becoming fair game again? There were some grisly signs of a rapid return to living...
What next for PTI?
Updated 23 Feb, 2024

What next for PTI?

THE incoming government has been carved up. With the major offices apportioned between the PML-N and PPP, the...
Tackling debt
23 Feb, 2024

Tackling debt

MANY would tend to describe a new report warning that the country is headed for “inevitable default”, which will...
Imprisoned abroad
23 Feb, 2024

Imprisoned abroad

THE issue of Pakistani prisoners imprisoned in foreign jails crops up regularly, particularly during parliamentary...