LAHORE - The consulate of Iran is going to arrange an Iranian products exhibition at expo centre Lahore in third week of April in collaboration with Lahore Chamber of Commerce and Industry, Punjab Board of Investment and Trade.

Over 100 Iranian companies would set up their stalls at the Iran Fair 2012 from 19th to 21st of next month, while up to 50 booths would also be established there to represent domestic products.

The fair will focus the sectors including Iranian food and food processing, petrochemicals, construction material, energy, home appliances, tourism, manufacturing, livestock, dairy, textile and light engineering, said former LCCI president Mohsin Raza Bukhari. He told The Nation that with an expected traffic of 45000 visitors, Iran fair 2012 will present an excellent opportunity to showcase our products and services and explore possibilities of collaboration, direct consumer contact and gaining media mileage.

He said Pakistan was a big producer of milk and meat and it could increase its revenue by exporting these commodities to Iran.  He appreciated textile industry of Faisalabad which was contributing a lot in economic development of Pakistan. He stressed the need to work jointly for betterment of trade relations with neighbouring countries.

He said Faisalabad alone had been contributing about 40-50 percent of the total textile exports of the country during the last many years. He said there was a tremendous trade potential between the two countries.

Responding to a question, he said Iran was sincerely working to overcome energy shortage of Pakistan by strengthening bilateral ties between the two counties. He said 100-MW electricity project would complete in one-and-a-half years while another 1,000-MW project from Zedan to Quetta was also under discussion.