Iran’s exports to Pakistan hit record high in 10 months

February 24, 2019 - 21:38

TEHRAN- Iran’s commercial attaché to Pakistan announced that during the first ten months of the present Iranian calendar year (March 21, 2018- January 20, 2019) exports to Pakistan hit the highest record ever reaching $1.019 billion, the official portal of Trade Promotion Organization (TPO) reported.

According to Mahmoud Hajiyousefipour, “Iran’s exports to Pakistan stood at $741 million in the same time in the preceding year but grew by 41 percent, hitting $1.019 billion in the said period this year.”

“This has happened under the circumstances that the two countries suffer from lack of banking relations and direct shipping transportation,” Hajiyousefipour said, “In case of having proper commercial infrastructure and banking relations prepared, we can hope that exports to Pakistan will rise up to $5 billion.”

“In the said time, imports from Pakistan have increased by 31 percent from its previous $365 million to the present $236 million,” he added.

Iran’s exports to Pakistan include industrial machineries, tiles, construction materials, and petrochemicals.