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                                        Volume. 12120

Pakistan, Iran to open a new market near border
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Pakistan is examining a request of Iran to open a new market near Pak-Iran border to enhance trade between the two countries. Sources told Business Recorder here on Monday that the Iranian side has proposed measures to increase bilateral trade between Pakistan and Iran through different measures including setting up of a new border market in Pak-Iran border area of Jalegh, which is situated near the border with Pakistan.
 
Embassy of Pakistan Commercial Section Tehran has informed the Ministry of Foreign Affairs and Ministry of Commerce in this regard. "The Government of Iran has proposed to activate Jalegh Border Market. The said ministries should take further necessary action in co-ordination with all the relevant authorities in Pakistan," Embassy of Pakistan Commercial Section Tehran added.
 
At present, Pakistani customs authorities are reviewing the proposal of Iran to open a new border market near Pak-Iran border, sources said. Sources said that Iranian side has shown interest in increasing trade to facilitate Pakistan. It also included enhanced co-operation between the customs authorities of both the countries, cross border trade, frequent interaction between two sides and facilitation to the passengers and visitors.
 
Sources said that different kind of border markets are operating in the border area. However, all kinds of border markets operate under the supervision and monitoring of the customs officials at the Border Check Posts of the respective countries.
 
(Source: Business Recorder)

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