• Pakistan, Iran agree on bilateral trade in national currencies

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    Pakistan and Iran have agreed to set up bilateral trade between the two countries, using their national currencies, local media reported on Tuesday.

    Head of Iran’s Trade Commerce Yahya Ale-Ishaq and President of Federation of Pakistan Chamber of Commerce and Industry (FPCCI) Haji Fazal Kadir Khan Sherani have met in Karachi, to discuss issues relating to trade.

    Entrepreneurs and representatives of various sectors from both Iran and Pakistan met as well.

    Sherani said it has been proposed in the meeting to use rupees in bilateral economic relations between the two countries.

    He said there is a good opportunity to produce quality rice in Pakistan, proposing that Pakistan and Iran could exchange services and goods via barter deals.

    Head of Tehran Chamber of Commerce and Industry Yahya Ale-Ishaq welcomed Pakistani side’s preposal, noting that he will discuss it with the representatives of Iran’s Central Bank upon his return to Tehran.

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