Pakistan-Iran cooperation in auto sector discussed

Asre Khodro: Iran's Ambassador to Pakistan Mehdi Honardoust and Pakistan Automotive Manufacturers Association (PAMA) Chairman Sohail Bashir Rana on Saturday exchanged views on cooperation between the two countries in auto sector.

Sunday 04 September 2016 - 10:17:00

Pakistan-Iran cooperation in auto sector discussed

Reporting "Asre Khodro", Honardoust on the occasion termed role of the auto industry in increasing trade cooperation between Iran and Pakistan as very important, especially in post-JCPOA era, and underlined the need for preparing ground for more cooperation between companies in the auto manufacturing as well as spare parts production, an Iranian news agency reported.
Referring to Pakistan’s past cooperation with the Iranian companies in tractor manufacturing and engine building, Rana called on key auto-manufacturers and the Iranian envoy to support return of the era of cooperation between the two countries.
The ambassador expressed embassy's readiness for every kind of support and assistance in facilitating coordination between different related sectors in both the countries.

, and added that markets in the two countries could prove to be an appropriate breeding ground for joint ventures in different sectors of auto manufacturing.

FPCCI pleased with govt efforts for growth of Islamic financing

ISLAMABAD (INP): The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Saturday expressed satisfaction over efforts of the government aimed at rapid growth of Islamic financial industry.
“The Islamic banks should also focus on microfinance market to lift people out of poverty,” said FPCCI President Abdur Rauf Alam.
He said that over 2000 institutions were providing Islamic financial products globally, while the volume of this sector, which had been projected to hit $3.
5 to $4.
0 trillion in five years, had already crossed $2.
4 trillion.
Alam said that Saudi Arabia, Malaysia and Iran were leading the Islamic finance sector, having over 65 percent assets, while Malaysia was world leader in Sukuk market.
“Pakistan has also witnessed rapid expansion of Islamic financial market, as we had the first Islamic bank in 2002, while now 22 Islamic banks were operating,” he said, and added, “At the same time, the interest of conventional banks in Islamic financing continues to increase.

The FPCCI president said that Islamic banks were developing at a rapid pace of 200 to 250 percent per annum, and they had captured almost 50 percent of the consumer market.
“But most of the institutions overlook microfinance despite having over Rs1.
74 trillion in deposits,” he said.

He further said that banking was the leading sector in Islamic financing, making up almost 80 percent of the entire system, while insurance came next.

Railway tracks to be upgraded countrywide under CPEC

ISLAMABAD (APP): The Ministry of Railways will upgrade its existing tracks besides installing new railway tracks from Gwadar-Quetta-Jacobabad via Besima Tehsil in Balochistan, under China-Pak-Economic Corridor (CPEC).
Under the project, a total 560 kilometres track from Bostan-Kotla Jam on the main line-II via Zhob and Dera Ismail Khan and another 682 kilometres track from Havelian to Khunjerab will be laid, a source in the Ministry of Railways told APP.
The upgradation of 1,872 kilometres track from Karachi to Peshawar via Kotri, Multan, Lahore and Rawalpindi (including Taxila-Havelian) - along with dualization of the track from Shahdara to Peshawar will also be carried out.
To enhance connectivity and improve transportation facilities, 1,254 kilometres of railway track from Kotri to Attock City via Dadu, Larkana, Jacobabad, Dera Ghazi Khan, Bhakkar and Kundian will be upgraded.

The CPEC is a 3,000-kilometer network of roads, railways and pipelines to transport oil and gas from Gwadar Port to Kashgar city, Northwestern China's Xinjiang Uygur autonomous region.

An official agreement on the corridor was signed between the two countries in May last year during Chinese President's historic visit to Pakistan.

The project links China's strategy to develop its western region with Pakistan's focus on boosting its economy, including the infrastructure construction of Gwadar Port, together with some energy cooperation and investment programmes.

It also involves road and railway construction including the upgradation of 1,300-km Karakoram Highway, the highest paved international road in the world which connects China and Pakistan across the Karakoram mountains.

The CPEC will reduce China's routes of oil and gas imports from Africa and the Middle East by thousands of kilometers, making Gwadar a potentially vital link in China's supply chain.

NARC to assist farmers for cultivating soyabean

ISLAMABAD (APP): NARC would provide technical assistance to farmers of Chakwal region to cultivate soyabean over 1,200 acres of land in order to enhance oil seed production in the country.
The main objective of the imitative was to enhance the farm income of small land holders to alleviate poverty, besides strengthening the domestic oil seed production.
An official of the Council said the recent campaign was started in collaboration with different international partner agencies and development partners.
He said it would also help to enhance domestic oil seed production and production of edible oil and reducing the import bill of the country.
He said that PARC and NARC was also providing information to farmers of remote areas regarding use of modern technology which was vital for development of agriculture sector and betterment of farmers.
PARC scientists, he said was determined to make the country self-sufficient in agriculture production by providing new technologies to the farmers particularly to small farm holdings, he added.

He also highlighted the different programmes and projects initiated by the PARC for the development of agriculture and livestock sectors of the country.

The PARC, he said, would also provide full support and technical assistance to formers of the region in adoptions of new technologies of cultivation and crop management to increase the production of peanut, nuts, mash, mustard, canola and soyabean, he added.

 

Source: nation.com.pk

برچسب ها

Iran Automotive Industry
مطالب مرتبط بیشتر
Construction of Chinese-Persian car in Semnan France to update firms on doing business with Iran S. Africa-Iran Business Forum Next Week Iran, Turkey to Hold Meeting of Joint Economic Commission Next Month French Businesses, Officials to Preempt American JCPOA Walkout Lack of Iran Khodro Capital Impedes Peugeot Plans Auto Parts Makers Demand Tougher Regulations on Imports Istanbul Automechanika Conference with the participation of the senior director of the exhibition European carmakers on the road back to Iran after nuclear deal Car from the new minister's perspective Iran Automakers Need Logistical Spread Iran Auto Output: All That Clamor for Naught French Leverage in Iran Auto Industry Iran Industrial Agency Kicks Starts Another Car Factory Iran Automotive Production Up 20% y/y With Sanctions Behind, Iran Looks Ahead Iran Carmakers Obliged to Offer 2-Year Guarantees Iran Auto Companies Not Raising Prices Iran to hit two car industry accords soon Turkey keen on investment in Iran's auto industry PSA to carry out Iran plans despite US threats Peugeot, Citroen Will Uphold Localization Segment in Iran Iran to release Euro V passenger cars next year Production surges in Iran's car industry Iran Khodro Group Retains 39% Market Share Iran to sign 5 auto deals with intl. companies by Mar. 20 Iran talks with Germany’s VW to produce passenger car Car Import only through Investment Iran’s Vehicle Initial Quality Study Released Iran has potential to be top-10 auto market by 2020 Iranian, Turkish companies discuss auto parts Coop. The 4th Vehicle Conference "Sales and After-sales Service Approach” Iran Car Sales Slump Despite Loans Iran’s Auto Import Report by MSD Iran Targets 80% Auto Localization Effects of Automotive Ties With China Faurecia builds on Iran ties to secure major deals - CEO Renault signs MoU with Iran to create new joint venture Peugeot to try for making Iran its manufacturing hub in Middle East, Africa Iran to ink new deals with foreign automakers Iran to open car factory in Azerbaijan Auto Sector Recovery to Buoy Steel Consumption New Automotive Decisions Announced Iran's Automotive Advantages Friends with many benefits Encouraging foreign investment to revitalize Iran’s car industry - expert Iranian car output down 2.5% Y/Y Algeria-Iran: 15 cooperation and agreements for automotive industry Automotive Targets Highlighted How to seize Iran’s automotive opportunities VW In Iran Iran ranked 13th in world passenger cars sales of 2015 Bavaria eyes major auto supplier potential with Iran Plans Devised to Make Iran Region’s Top Automaker: Minister Iran Seeks Foreign Partnerships to Boost Auto Industry Volvo on the Final Decision to Manufacture Car in Chabahar 3rd Iran Automotive Industry Int'l Confab opens in Tehran Iran Inks 3 MoUs with Foreign Carmakers Iran signs three deals with foreign automakers Iran to become a hub for automotive manufacturing: OICA President Iran, Germany Ink MoU to Boost Cooperation in Automotive Industry How Iranian Cars Are Viewed Around the Region Peugeot to Compensate for Iran’s Losses in New Contract: Minister Minister Calls for Japanese Automakers’ Investment in Iran Iran seeking Japanese investment in autos, water Iran in Talks with Germany, Italy to Boost Cooperation in Automotive Industry Three Europe carmakers to return to Iran soon Iran to become world's 8th automotive manufacturer Iran suspends car loan programme on soaring demand Iran to export 30% of domestically produced cars French firms trail in economic rush to Iran - executive Iran interested in cooperating with German, Italian carmakers Nematzadeh defends automotive sector Changing Automotive Perception Italy to broaden cooperation on auto industry with Iran Iran: The next automotive hotspot in Middle East? Iran's car market ready to zoom in on the action Japan explores opportunities in Iran's auto industry Thailand hopes for boost in trade with Iran after sanctions get lifted
Back to top