Pakistan, Iran reiterate resolve to strengthen economic, trade linkages

Pakistan, Iran reiterate resolve to strengthen economic, trade linkages

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Islamabad: Pakistan and Iran reaffirmed their determination on Friday to promote economic and trade ties between the two countries by establishing historical ties, geographical proximity, cultural background and economic common ground.

The reiteration was made during a call on meeting of Hassan Abghari, Iran s Deputy Minister of Economic and Finance Affairs and the Managing Director, Iran Foreign Investment Company (IFIC) with Federal Minister for Finance and Revenue, Dr. Abdul Hafeez Shaikh here.

The Iranian Deputy Minister was accompanied by the Deputy Head of Mission Embassy of Iran, Muhammad Surkhabi, said a press statement issued by the Finance Ministry They exchanged views on matters of common interests, the statement said adding that the Finance Minister on the occasion emphasized the need to find ways for furthering trade relations.

He added that the Pakistan-Iran Investment Corporation can play a key role in strengthening trade and investment between the two countries.

Hafeez Shaikh, briefed the Deputy Minister that the government of Pakistan was pursuing a broad-based economic reform agenda to achieve export led growth and sustainable economic development.

He apprised about the economic challenges posed by the COVID-19 pandemic and outlined socio-economic measures taken by the government to lessen the adverse impact of the pandemic on marginalized sections of the society.

The government announced largest ever Fiscal Stimulus Package and introduced the strategy of a smart lockdown to protect the vulnerable segments of the society which has been acknowledged worldwide, he stated.

He said that the government is firmly committed to correcting economic fundamentals through effective policy formulation and targeted reforms in order to achieve a sustainable and inclusive growth strategy.

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