ISLAMABAD, Pakistan: The Federal Commerce Minister Khurram Dastgir has said that he will pay a two-day visit to Iran from December 28-29 and discuss Free Trade Agreement (FTA) and resumption of banking channels between the two brotherly countries.
In an interview with Radio Tehran, the minister hoped that the two countries would be able to sign FTA by the end of 2017 which is aimed to expand the bilateral trade.
Dastgir said that Iran visit is a follow up on the valuable visit by the Iranian President Hassan Rouhani to Pakistan earlier this year.
“We are very much looking forward to progress on the five year economic engagement plan that was signed during that visit,” he said.
The minister said that there has already been good progress on one part of the plan and offer by Pakistan to have Free Trade Agreement (FTA) has been accepted by Iran. “We have already exchanged drafts of the agreement”, he added.
The commerce minister said that Iran and Pakistan have already held their first negotiations on FTA and there is great positivity on both sides to conclude it ideally by the end of 2017.
Dastgir Khan ensured that any outstanding issues in the signing of FTA would be resolved quickly.
The minister added that during his visit to Iran, he will also be discussing on the prospects of broader energy ties with Iran, particularly in reference to the electricity that Pakistan is buying from Iran for the port of Gwadar.
Moreover, he said the current status of Iran-Pakistan (IP) gas pipeline would also be on the agenda of his upcoming visit to Tehran.
Dastgir Khan also reiterated that Iran and Pakistan are very near to resolve the banking problem between the two countries.
The minister noted that there is already lot of trade that both sides are not capturing in statistics so by bringing down tariffs `we want to encourage people to do formal trade.’
