Signing of the Mou between Qazvin Chamber of Commerce and Karachi Chambers of Commerce and Industry

A delegation from Qazvin Chamber of Commerce Industries Mines and Agriculture led by Mr. Jafar Allavardiha Chairman of the Energy and Petroleum Derivatives Commission visited Karachi with the aim of increasing bilateral cooperation and developing cooperation between the two countries of Iran and Pakistan.

In this regard, a meeting with the presence of Iranian delegation was held with the Karachi’s bussinesmen and trader to exchange views at the Consulate General of the I.R.Iran in Karachi.

In this meeting, which was also attended by the CE of Pakistan Trade Development Organization, an Memorandum of Understanding was signed between "Qazvin Chamber of Commerce and Industry" and "Karachi Chamber of Commerce".

Mr. Jafar Allahverdiha, head of the Iranian Oil Products Association and Energy Commission of the Qazvin Chamber of Commerce, noted Pakistan’s significant citrus exports to Iran. He invited Pakistani producers and investors to engage with Qazvin’s industries, including food production, paper manufacturing, agriculture, chemicals, detergents, and automotive components.

Zubair Motiwala, CE of Pakistan’s Trade Development Authority, acknowledged Iran’s industrial strengths and urged Iranian investors to consider overseas farming projects in Pakistan, such as rice cultivation. He highlighted the potential for bilateral trade to reach $20 billion, noting that regional trade growth could reduce productionn costs and boost economic activity.

During their visit, the Iranian delegation toured the Build Asia 2024 International Exhibition and held meetings to foster cooperation with Pakistani businesses, especially in Sindh province.

With over 900 kilometers of shared land border, Iran and Pakistan have long-standing ties that have strengthened in recent years. This agreement reflects both countries’ determination to deepen their economic partnership and explore new opportunities for collaboration.