Great opportunity for businessmen to trade with Iran: Miftah

ISLAMABAD: Board of Investment (BoI) Chairman Dr Miftah Ismail Saturday said after lifting of sanctions from Iran, there was a great opportunity for Pakistani businessman to sell products in the Iranian market.

Talking to Pakistan Television, he said leadership of both the countries had vowed to enhance bilateral trade up to 30 per cent annually with a goal to take the volume up to $5 billion in next five years.

He said Iran could buy Pakistani products including textile, foods, agriculture and pharmaceutical while Pakistan could also import gas from Iran to fulfil its growing energy demands.

The BoI Chairman said Pakistan-Iran businessmen were also keen to enhance trade relations. The Iranian investors, he added, had also showed keen interest to invest in many sectors of Pakistan.

Prime Minister Nawaz Sharif, he said, had a vision of regional connectivity under which trade relations would be enhanced with all the countries of the region.

Miftah said Pakistan produced world’s top quality rice and Iran could be a potential market for it.

Iranian President Hassan Rouhani’s visit to Pakistan would further help strengthen bilateral ties between the two countries, he added.