Iran, Pakistan talk about to spice up commerce to $5bn

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Iran and Pakistan have mentioned boosting their annual commerce to $5 billion from presently round $1 billion.

In a gathering in Tehran between Iranian Deputy Finance and Financial Affairs Minister Behrouz Alishiri and State Financial institution of Pakistan Governor Ashraf Mahmood Wathra, the 2 sides emphasised the necessity to broaden cooperation in numerous areas of financial system, the Tehran Occasions reported.

Pakistan was the eighth main importer of Iranian items within the earlier Iranian calendar yr, which ended on March 20, 2014, in keeping with the Iranian Customs Administration.

Pakistan imported about $641.7 million price of products from Iran and exported about $320 million price of products to its western neighbour.

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