OUR STAFF REPORTER LAHORE - The Iranian Consul General Muhammad Hussain Bani Assadi has said that Pakistan and Iran has the potential to cater to each others needs provided the business community in the two countries has exposure to the available opportunities. The Iranian Consul General was speaking at the Lahore Chamber of Commerce and Industry on Tuesday. LCCI President Shahzad Ali Malik, former LCCI President Mohsin Raza Bukhari, EC Members Dr Shahid Raza, Mian Zahid Javaid, Sheikh Mohammad Ayub and Tanvir Ahmad Sufi also spoke on the occasion and threw light on as to how the bilateral relations between the two countries could further be improved. The Iranian Consul General said that the business community in the two countries would have to increase interaction to share their experiences in the larger interests of the people of two brotherly nations who have many commonalities. He said that the volume of mutual trade between Pakistan and Iran does not match the level of their brotherly relations. He said that both the countries and their respective trade bodies would have to focus on expansion of trade by holding single country exhibitions or through trade delegations to each others country. He said that it was the duty of the chambers of commerce both in Iran and Pakistan to ensure dissemination of sector-specific and trade-related information. He said that both the countries should also share their experiences in the filed of science and technology also. He said that Agriculture, Tourism sector and Metal industry of Iran have a lot of opportunities of investment therefore Pakistani business community should avail this opportunity. Speaking on the occasion, the LCCI President Shahzad Ali Malik said that Pakistan and Iran are two brotherly Islamic countries. Therefore, maximum efforts are needed to strengthen their relations in all fields. He said both the sides need to conduct Market research to further strengthen trade relations between the two countries. Priority should be given to each other for import of goods rather than buying from distant countries. There is a lot of scope for collaboration in SMEs and mega projects like onshore and offshore oil & gas exploration activities, hydel and coal based energy projects, paper & board, sugar, cement, chemicals, transport & communication, construction of roads in Pakistan, scientific & educational cooperation, handicrafts, artificial jewellery, carpets, fancy furniture etc. Shahzad Ali Malik said Pakistan is basically an agricultural country bestowed with variety of seasons and agro-based products. But due to lack of post harvest technology a lot of agriculture produce is wasted. Hence, cooperation in technology from Iran can help Pakistans agro-based food processing and dairy industry to improve. Pakistan is one of the leading countries and known around the globe for its textile potential and products, which still needs to be properly introduced in Iranian business houses. Such efforts can also prove vital to equalize our trade balance.