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News number: 8710271158

20:38 | 2009-01-16

Economy

نسخه چاپي ارسال به دوستان

Iran to Open Bank Branch in Karachi

TEHRAN (FNA)- Iran's Consul General in Pakistan Masoud Mohammad Zamani said that the Iranian government has planned to open a branch of Export Promotion Bank in Karachi this year, and consequently create a liaison with the State Bank of Pakistan.



During a meeting held at the Karachi Chamber of Commerce and Industry (KCCI), Zamani invited the National Bank of Pakistan (NBP) to open a branch in Iran.

He stressed that the present banking system is an obstacle between bilateral trades and to remove the impediment, the decision to operate a branch from Karachi was taken.

The Iranian official expressed the view that bilateral trade potential is also not being properly utilized and "now it is time to do the needful".

He added that different trade delegations of Iran have already signed a memorandum of understanding with the Karachi and Lahore chambers.

Joint sessions to enhance bilateral investment opportunities must be carried out he said, and welcomed Pakistan's trade promotion exhibitions in Iran. The Iranian embassy would give priority in visa services to the Pakistani business community, he added.

Iranian Commercial Counselor Ahmad Fasihi, for his part, informed the businessmen that the Iranian government would pay 50 per cent subsidy to companies participating in the forthcoming trade exhibition in Iran to encourage trade ties between the two countries.

Anjum Nisar, President KCCI, urged to enhance the trade of rice, fresh citrus fruits and textile products to Iran.

He also emphasized on the need for trade promoting exhibitions and fairs between two countries.

He further assured the Iranian Consul General of his support for the opening of the Iranian bank branch in Karachi.