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Pakistan invites Iranian investment

Pakistan's Sarhad Development Authority and Chamber of Commerce and Industry say they are ready for greater economic ties to Iran.

“Given the economic growth of the region and the willingness of other countries to invest in economic projects in Peshawar and other parts of the Sarhad Province, we wish to have greater economic cooperation with the Islamic Republic of Iran,” Zahir Shah Khan, the Provincial Director of Export Promotion at the SDA is quoted as saying by IRIB.

Other high-ranking commerce officials in Pakistan's Sarhad Province have also said they will seek increased economic cooperation with the Islamic Republic, whose economic presence in the province is not significant compared to many other countries.

“Sarhad Province has many development and industrial capabilities and we are interested in the active participation of the Iranian public and private sectors in our economic projects,” Mohammad Asif, the Head of the Sarhad Chamber of Commerce and Industry, told IRIB.

Asif added that Iran is one the biggest countries in the region to have great economic cooperation with many other nations around the world.

Pakistan's North-West Frontier Province, with Peshawar as its capital, has a population of more than 2.5 million and is one of the economic and trading poles of Pakistan.

The Iranian Consul-General in Peshawar, Ali Asghari, said that Pakistan holds great economic potential for Iran and that Sarhad Province in particular is Pakistan's main source of energy resources, mineral deposits and precious stones, all of which he added provide good opportunities for investors.

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