Positive news soon on Iran-Pakistan banking ties: Envoy

Positive news is expected within a month’s time regarding resumption of Iran-Pakistan banking ties, says Asif Khan Durrani Pakistan’s Ambassador to Iran, AVA Diplomatic reports.

The Pakistani ambassador in Tehran is in Pakistan these days to explain huge trade potentials in Iran for Pakistani businessmen.

Addressing Pakistani businessmen at the Chamber of Commerce and Industry of the city of Faisalabad in the eastern province of Punjab, Durrani urged the need for establishing enhanced connectivity and banking channels between Pakistan and Iran.

He said that in order to fully exploit the post-sanction opportunities, Tehran and Islamabad should embark on such imperative measures.

Pakistan and Iran enjoy good diplomatic relations but for different reasons they have not fully exploited yet their economic potentials to strengthen ties, he said.

Iran has a surplus of energy while Pakistan remains to be an energy-starved country, he said.

In a similar way, Durrani added, Pakistan can export to Iran different commodities including textile, agricultural products, etc.

The Pakistani envoy said that unavailability of banking channels is a major obstacle to the promotion of trade between the two neighboring nations.