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'High demand for Pakistani textiles in Iran'
07
Mar '16
Textiles is among several Pakistani items that is in high demand in Iran, Lahore Chamber of Commerce and Industry (LCCI) Senior Vice President Almas Hyder has said after his return from a six-day visit to Iran.

Hyder said that Iran has a higher requirement of Pakistani textile products including T-Shirts, Denim jeans and home textiles. There is a need to form a textile delegation comprising leading companies, as soon as possible, he said, according to a press release of LCCI.

“The Iranian side wanted that the agreed gas pipelines between Pakistan and Iran should be connected soon. The Iranian power companies can provide 5000 megawatt electricity to Pakistan which roughly cost $1.5 billion to connect electricity to eliminate load shedding from Pakistan”, the LCCI Senior Vice President added.

Iranian gas can solve much of Pakistan's energy crisis that has sent the textile industry reeling in recent years.

He said Iran wanted to enhance their trade with Pakistan by up to $5 billion. In this regard, necessary steps should be taken by the Pakistani side, Hyder said. (SH)

Fibre2Fashion News Desk – India

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