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Iran, Pakistan Planning to Establish Joint Banking System

August 19, 2014

TEHRAN (FNA)- The Pakistani Khyber-Pakhtunkhwa Province's Chamber of Commerce and Industry (KPCCI) and the Iranian consulate general in the province agreed to establish a banking system between the two countries in order to further strengthen economic ties and boost bilateral trade.

In a meeting between Iran's Consul General in Khubr-Pakhtunkhwa Province Hassan Darvishvand and President of the KPCCI Zahidullah Shinwari on Monday, both sides agreed to bring the private sectors of the two countries closer and to facilitate traders for better linkages, the Express Tribune reported. Darvishvand said the volume of trade between Pakistan and Iran is even less than the trade between Iran and Afghanistan, and called for expansion of bilateral trade ties. Shinwari, for his part, stressed the need for both Iran and Pakistan to exchange maximum number of trade delegations, and called on Iranian investors to boost share in Pakistan's development projects. Iran and Pakistan have exchanged delegations on a regular basis in the last several years and the two neighboring countries are keen to expedite expansion of their bilateral ties.          

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Source: FARS News Agency

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