PESHAWAR - Khyber Pakhtunkhwa Chamber of Commerce and Industry and Iranian Consulate in Peshawar have agreed to make joint efforts for strengthening mutual economic and trade relations between the two brotherly Islamic countries.

Both sides reached this agreement during a meeting between KPCCI president Fawad Ishaq and Iranian Consul General in Peshawar, Saeid Zinati at the Chamber House here on Tuesday. During the meeting, chamber vice president Arooj Ansari, Haji Iqbal Khan, Mohammad Shafiq, former president Zahidullah Shinwari, and members of the executive body were also present.

KPCCI and Iranian Consulate in Peshawar agreed to make unified efforts for establishment of joint banking system, holding of single country exhibition of Iranian products, exchange of trade delegations on reciprocal basis, to further strengthen bilateral economic relations to boost trade volume between two brotherly Islamic countries.

Ishaq said the both sides business communities would play effective role for bringing each other closure, to boost up economic conditions of the two Islamic states. He invited the Iranian businessmen to invest in hydel power generation, and other sectors in the Khyber Pakhtunkhwa.

KPCCI chief observed the current volume of trade between Iran and Pakistan was lesser than neighbouring Afghanistan, due to some hurdles at the government level, which need to be addressed. The business community of both sides, he maintained, wanted to boost up bilateral trade relations between Iran and Pakistan, and private sector would play its pivotal role in this regard, he added.

The Chamber president stressed the need for boosting trade relations between Pakistan and Iran, conducting of various forms of products exhibition of the two countries, strengthening barter trade and attracting Iranian investment in Pakistan.  On the occasion, Iranian Consul General in Peshawar, agreed with the suggestions of KPCCI chief and said the Iran is giving much importance to have greater relations with Pakistan. He invited the KP investors to invest in Iran, and assured the business community to remove hindrance in way of bilateral trade with Pakistan.