Iran keen to do joint venture projects with Pakistan


Iran Tuesday showed interest in embarking on joint venture projects with Pakistan in power, energy, shrimp farming and other sectors related to infrastructure development.
“Iran and Pakistan are ideally located and they must exploit all means of business needed for the expansion of trade between the two countries,” said Mehdi Sobhni, Consul General of Iran in Karachi, while meeting Sindh Board of Investment (SBI) Chairman Muhammad Zubair Motiwala at his office here yesterday.
The Iranian consul general expressed interest in the joint venture projects with Pakistan in various fields.
Mehdi invited Pakistani delegation to visit Iranian business houses and chambers for further investment promotions.
On the occasion, Motiwala said the visit of an investment delegation to Iran was much awaited and the SBI was planning to organise it in a month time.
He said Iran-Pakistan had been involved in cross border trade through long border since ages and it was high time that both Pakistan and Iran should further strengthen their brotherly relations to the highest peal.
The SBI chairman gave detailed briefing to the participants and informed about special incentive packages being offered by the Government of Pakistan for foreign investors.
“We have success stories of Lotte of Korea which is further expanding its business in Pakistan and UK is the biggest investor in Pakistan in various sectors which shows Pakistan is a safe destination for business investors,” he said.
Motiwala also instilled on the world class 175 billion tonnes of coal reserves in Sindh province, which had been verified by RWE of Germany. Both sides affirmed to collaborate and cooperate with each other in different sectors of economy.
Also present were Sattar Sultan Shahi, Commercial Consul of Iranian Consulate, and other officers of SBI.