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Pak-Iran agree to enhance economic cooperation

APP by APP
August 19, 2022
Reading Time: 2 mins read

ISLAMABAD: Pakistan and Iran have agreed to enhance the cooperation in different economic spheres in 21st session of Pakistan-Iran Joint Economic Commission.

The 21st Session of the Joint Economic Cooperation Commission between the Islamic Republic of Iran and the Islamic Republic of Pakistan was held in Islamabad from 17th -18th August, 2022 with the aim of strengthening mutual cooperation, said a press release issued by EAD.

The Iranian delegation was led by Minister of Roads and Urban Development of the Islamic Republic of Iran Rostam Ghasemi whereas the Pakistani delegation was headed by Federal Minister for Commerce of the Islamic Republic of Pakistan Syed Naveed Qamar.

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In an atmosphere full of friendship, understanding and willingness to develop mutual cooperation, both sides reviewed the provisions of Agreed Minutes of the 20th Meeting of the Joint Economic Cooperation Commission signed in Tehran on 17-18 April 2017.

The technical session, held on 17th of August, was facilitated by Ministry of Economic Affairs and was attended by representatives from Ministries including M/o Railways, Aviation, Communication, Maritime Affairs, Inter-Provincial Coordination, Education, Information and Broadcasting, IT and Telecommunications, National Food Security, Heritage Division, Law and Justice division, Climate Change, Overseas Pakistan and HRD, Water Resources, Petroleum and Natural Resources, Water and Power, and Foreign Affairs.

During the technical session, numerous items were discussed and provided a platform to the delegations from both sides for consultation, debate and discussion.

The areas include: Trade, Commerce and Investment, Banking, Customs, Tax Affairs, Industries and Production, Export Guarantees, Railways, Air Transportation, Airports, Maritime, Roads and Communication, Education, Information Broadcasting, IT and Telecommunications, Livestock, Culture, Tourism and Heritage, Crisis Management, Labor and Social Welfare, Energy, Petroleum and Natural Resources, Water, Agriculture, Health and Environment.

During the JEC’s closing ceremony, held on 18th August, 2022, the Honorable Federal Minister for Commerce Syed Naveed Qamar stated that Pakistan attributes high importance to the relations with its brotherly neighboring nation, Islamic Republic of Iran.

“It is honor for me for co-chairing 21st session of JEC which was held after a long gap.”

“Minister for Commerce further stated that enough agreements have been signed between both nations, now is the time to work hard for their successful implementation.”

He also highlighted that the Quetta-Taftan Road is trafficable, however for further improvement of roads, various projects were undertaken.

The Minister also expressed the need of making visa conditions easier to facilitate the Pakistani traders and visitors.

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