NEWS
ECONOMY   Tiles & Ceramics  

Exports to Pakistan Rise by 58% in 8 Months

The volume of Iran’s non-oil goods exported to Pakistan in the first 8 months of the current Iranian calendar year (March 21- November 22) has registered a 58% increase in comparison with the same period last year, reaching a total sum of $860 million worth of commodity.

Iran’s Commercial Attaché to Pakistan Mahmoud Haji Yousefipour announced that the figure shows a %58 hike in comparison with the $539 million exports in the similar time span of the past year.

The official noted that the trade volume between the two neighboring states exceeded $1 billion during the eight-month period with Iran sitting atop in exports. The Islamic Republic’s trade balance with Pakistan currently stands at 665, he added.

Tiles, ceramics, cement, mineral fuels, distillation products, fruits, nuts, organic chemicals, plastics, iron and steel, soaps, lubricants, waxes, and candles are among the goods Iran sends to Pakistan.

Senior leaders of Iran and Pakistan have vowed to enhance the values of trade exchanges between the two countries to the level of $5 billion.

A senior Pakistani trade official underlined in August that his country would not quit developing trade relations with Iran despite the re-imposition of sanctions against the Islamic Republic by the US.

"Sanctions will have no impact on Iran's trade with other countries and cannot hamper its progress," President of Iran-Pakistan Federation of Culture and Trade Khawaja Habib-ul Rahman said.

He underlined the re-imposition of the US sanctions against the Islamic Republic as an unjustified move, and said, "The economic situation of Iran is far better than the past and the new round of the US sanctions on Iran cannot hamper its progress."

Also, in September, Imran Khan voiced his country's willingness to broaden mutual cooperation with Iran in different fields.

"Pakistan is seeking enhancement of amicable ties with the Islamic Republic of Iran," Khan said.

The Pakistani prime minister underlined that Islamabad was looking for establishment of friendly relation with all its neighbors.

News No: 2892
Date: 2018/12/12 - 06:47
News Source: FARS News Agency

Pakistan  Mahmoud Haji Yousefipour  trade  Khawaja Habib ul Rahman  US sanctions 

Comments:

Leave a Comment:

   
   
   
 

UK Crude Loadings Continue to Fall

The UK’s crude oil loadings remained below 800,000 barrels per day for the third month in a row in February, while authorities expect Britain’s crude production to decline through at least 2024, Fotios Katsoulas, Liquid Bulk Principal Analyst, Maritime and Trade at IHS Markit, said.
 

Pakistan Govt Likely to Increase Electricity Tariff - Sources

As per industry sources report to SteelMint, Pakistan’s Government has indicated a hike in electricity tariffs by upto around 25% over the next few months period.
 

Indian Domestic HRC Trades Slow down; Automobile Sales Disappoint

This week Indian HRC prices witnessed slight increase in traders market after announcement of sharp price hike by INR 1000-1500/MT by major Indian steel mills last week for March deliveries.However dull trades restricted surge in prices in trade segment this week.
 

Pakistan: Imported Scrap Offers Inch Up; Limited Trades Reported

SteelMint learned in recent conversation with participants that imported scrap offers to Pakistan have moved up USD 5-10/MT W-o-W as suppliers slowly turning resistive to low offers
 

India: Domestic Pellet Offers Range Bound Amid Limited Trades

Indian pellet offers have remained unmoved this week against the previous week’s offer amid low trades and limited inquiries.
 

SE Asia: Imported Scrap Market Observes Limited Trades

SteelMint learned from market participants that imported scrap trades in SE Asia remained limited on high offers and availability of stocks in hand. Most of the steel mills likely to wait for the next couple of weeks to start end-April & May delivery shipments.
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners