September 16, 2022
1 min read

Pak-Iran border market to open next month

The market’s construction has been completed and its inauguration is on the cards, while work on the other three border markets including in Gabd, Rimdan, and Kohak will start soon, said Minister…reports Asian Lite News

The Pakistan-Iran Pishin border market is expected to open in October, which will help promote free trade between the two countries, Commerce Minister Syed Naveed Qamar said here.

He made the remarks during a meeting in Islamabad on Thursday with Iran’s parliamentary delegation, reports Xinhua news agency.

The market’s construction has been completed and its inauguration is on the cards, while work on the other three border markets including in Gabd, Rimdan, and Kohak will start soon, he said.

Qamar said that a total of 12 border markets were proposed to increase the trade volume between the two countries, out of which nine have been mutually approved, adding that there will be trade activities through these border markets under a barter system.

There is a dire need to increase the trade of petroleum and gas, the Minister was quoted as saying in the statement.

Speaking on the occasion, Malek Fazeli, the head of Iranian parliamentary delegation, said that Pakistan and Iran “are neighbouring countries with a common border spread over 920 km from which mutual trade is carried out and movement of people continues throughout the year”.

He desired that there should be increase in the volume of mutual trade, adding that Iran cooperated with Pakistan in overcoming the shortage of onion and tomatoes.

ALSO READ: China’s Xi set to meet Iran’s Raisi at SCO summit

Previous Story

SCO’s role very important in post-Covid world: Modi

Next Story

Captain Amarinder Singh to join BJP on Monday

Latest from -Top News

Modi 3.0: Power Play Amid a Resurgent Opposition

Ashraf Nehal and Amal Chandra analyse the shifting political landscape in India during the recent winter session of Parliament. They delve into the interplay between the BJP’s diminished majority, an emboldened opposition,

India bids emotional farewell to Manmohan Singh

The nation bid an emotional farewell to the stalwart Congress leader who was fondly known as the ‘Architect of India’s economic reforms’. Former Prime Minister Dr. Manmohan Singh was laid to rest

Biden pays tribute to India’s ex-PM Manmohan Singh

Presiden Biden emphasised that “the unprecedented level of cooperation between the United States and India today would not have been possible without the Prime Minister’s strategic vision and political courage.” US President

OpenAI’s o3 reasoning model ignites AI hype

Social media influencers have kicked off a fierce debate over OpenAI’s new o3 reasoning model, with some of them raising concerns about its high cost and the potential for overhyping its artificial
Go toTop

Don't Miss

Fears on food security grow as Pak currency plummets

Pakistan imports a large chunk of its total requirements of

Senior Pakistan SC Judge Ijaz Ul Ahsan Resigns

This comes a day after Justice (retd) Sayyed Mazahar Ali