Vice President Karachi Chamber of Commerce & Industry (KCCI) Shamsul Islam Khan has recommended that Pakistan and Iran need to look into the opportunity of setting up duty free Common Trading Zone and an Industrial Park at Pak-Iran border. This will help to improve the current scanty trade volume between the two countries. On lighter note, this will effectively control the hazard of smuggling that horribly hinders the legal trade between the two brotherly countries. While, setting up the planned common economic zone will prove to be the first step in the certification of the economy. This is a high time for both Pakistan and Iranian governments, with the possibility of implementing a paper visa regime to agree upon giving duty free access to frequent products and huge trade potential. Linking Chabahar Port with Gwadar Port and the Free Trade Agreement between the two countries would surely pave way for better trade ties. Pakistan’s Ambassador in Iran Rahim Hayat Qureshi remarked that Karachi Chamber and Tehran Chamber can play a very important role in escalating the existing trade volume up to the mark.
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