Punjab Industry Minister meets Iranian Consul general, big investors group

Lahore: Provincial Minister of Industry and Commerce Chaudhry Shafay Hussain met with Iranian Consul General Mehran Mowahidfar and Iran's big investor group at the Iranian Consulate on Sunday.

The delegation was led by the CEO of Taman Petroleum and Petrochemical Investment Company Babak Afghani .

During the meeting, there was a discussion on the opportunities to increase bilateral economic cooperation.

Head of the delegation, Babak Afghani, said that There are 93 companies in our group that are manufacturing various products and want to increase economic cooperation with Pakistan and Punjab, but the tariff is a big obstacle in increasing bilateral trade cooperation. He said that Better economic relations with neighbors is good politics, Pakistan and Iran have to come forward to fulfill each other's needs. He said that Pakistan Textile products are very popular in Iran, there is a great potential for cooperation in this sector.

 While talking on this occasion, Irani council general said that Iran and Pakistan are brotherly Islamic countries, historical and cultural relations are established between the two, but effective measures are needed to promote trade relations between the two countriesr. He said that we are ready to increase cooperation with Punjab in agriculture, industry, energy and all sectors.

Iranian Consul General inquired about the well-being of former Prime Minister Chaudhry Shujaat Hussain from the provincial minister and said that the Iranian Consulate had the honor of hosting Chaudhry Shujaat Hussain.

While talking to delegation, Provincial Minister of Industry and Commerce Chaudhry Shafay Hussain said that We will be happy if the Iranian group invests in LPG, tire industry and other sectors, the government will provide all possible facilities. He  said that he will talk to the Prime Minister regarding the RD tax.

The  provincial minister said that bilateral trade should be enhanced, the people of the two countries will benefit from this, and for the promotion of trade cooperation, people to people contacts should also be increased. It is time for Pakistan and Iran to move forward to promote economic cooperation. He  told that he  went to Iran with former Prime Minister Chaudhry Shujaat Hussain whose memories are still fresh in my mind . Officers of Punjab Investment Board were also present in the meeting.