Pak Ambassador urges Iran Union of automobile spare parts manufacturers to consider joint-ventures

Islamabad: Ambassador of Pakistan to Iran Muhammad Mudassir Tipu on Tuesday while explaining the conducive investment regime of Pakistan, urged Iran Union of Automobile Spare Parts Manufacturers and Sellers to consider entering into joint-ventures with the Pakistani companies.

The ambassador received the delegation of the Union at the Embassy of Pakistan, Tehran, a press release said. A 22-member delegation is visiting Pakistan to attend “Pakistan Auto Show 2023” being held at Karachi from 27th – 29th October.

 It would be the first-ever organized visit of representatives of auto parts industry from Iran to Pakistan. Ambassador Tipu expressed the hope that the visit of the Iranian delegation would result in enhancement of exports of Pakistani auto parts to Iran, imports of cheaper replacements from Iran, and the technology-transfer oriented joint-ventures between the two sides.

He assured the delegation of the complete support of the Embassy to make their maiden visit to Pakistan successful and productive.

Syed Ahmed Hosseini, Chairman of the Union, expressed his gratitude towards the ambassador and said that this long-awaited visit would pave the way for closer business relations between the private sectors of both brotherly countries.

Afshin Asgharzadeh, the secretary general of the Union, Dr. Reza Mallaki, Hamidreza Khakbaz, Amir Reza Baqalian and Dr. Amir Husain, Trade & Investment Counsellor were present on the occasion.