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Pakistan Eyeing Iran's Lucrative Market to Increase Rice Exports.

Summary: TEHRAN (FNA)- Iran's big market can be a lucrative source of revenues for Pakistani rice exporters, an advisor to the country's prime minister said, referring to Islamabad's plan for rising the country's annual rice exports revenues to $5 billion.

Pakistan's Adviser to Prime Minister on Commerce, Textile, Industries and Production Abdul Razak Dawood, in a meeting with a delegation of Pakistan's Rice Exporters Association on Thursday, urged his country's rice exporters to benefit from Iran's market.

During the meeting, Dawood vowed to increase rice exports from the current $2 billion to $5 billion in upcoming five years.

Last week, Iran's Minister of Industry, Mining and Trade Reza Rahmani during his visit to Pakistan expressed keen interest in importing 500,000 tons of rice from Pakistan.

The minister also led the Iranian delegation at 8th Joint Trade Committee (JTC) two-day meeting in Islamabad.

The two countries had also signed a memorandum of understanding (MoU) to promote bilateral trade and investment between the two countries.

On Saturday, Rahmani said, after his visit to Pakistan, that Islamabad is enthusiastic about developing economic, bilateral, and commercial ties with Tehran.

Last month, Dawood said that his country is willing to enhance trade and economic cooperation with Iran, despite the United States' unilateral sanctions.

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Publication:FARS News Agency
Geographic Code:9PAKI
Date:Jul 12, 2019
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