Prime Minister Nawaz Sharif has expressed pleasure over the removal of international economic sanctions on Iran, paving the way for expeditious resumption of commercial and economic ties between Pakistan and Iran. Welcoming the newly appointed Iranian Ambassador to Pakistan Mehdi Honardoost, the Prime Minister stressed the need for enhancing trade and business cooperation between the two countries. Pakistan has attached great expectations with the likely visit of President Hassan Rouhani to Islamabad later this week.…
Posts published in “Day: March 23, 2016”
If the Prime Minister’s and the Chief Of Army Staff’s visit to the kingdom to witness the controversial “North Thunder” military exercises were an unbalancing of the Iran-Pakistan-Saudi Arabia equation, the upcoming visit of the Iranian President Hassan Rouhani is a shot at restoring equilibrium. Thankfully, the government seems cognizant of that; all the pre-visit talk is aimed allaying Iranian fear over a military alliance against them and talking up the potential of strengthened economic…
Iran links FTA with purchase of its petroleum products By Khalid Mustafa in The News, March 23, 2016
ISLAMABAD: Though Tehran has indicated positive signals to enter into five-year strategic plan for trade and investment cooperation, but it has linked Free Trade Agreement with purchase of its sizeable petroleum products by Pakistan, a senior official privy to the development told The News. Pakistan currently purchases all the petroleum products from Kuwait Petroleum Company meaning that Islamabad authorities have put all the eggs in one basket and Iran wants Pakistan to also buy petroleum…