The primary business chambers of Karachi and Iran’s Qazvin province have signed a comprehensive agreement to bolster economic ties, establishing a framework for financial collaboration through joint banking and insurance initiatives and cooperation on major infrastructure projects.
According to KCCI information today, the Memorandum of Understanding (MoU) was formalized between the Karachi Chamber of Commerce and Industry (KCCI) and the Qazvin Chamber of Commerce and Industries, Mines and Agriculture (QCCIMA). The pact aims to significantly strengthen bilateral cooperation in trade, investment, and technical fields.
The agreement was signed by KCCI President Muhammad Rehan Hanif and his counterpart from QCCIMA, Hadi Abdian, during a visit by a high-level Iranian delegation to Karachi. The ceremony was witnessed by officials including the Commercial Attache of the Iranian Consulate, Murad Nemati, and senior leadership of the KCCI.
In his remarks, Muhammad Rehan Hanif stated that the understanding reflects a shared commitment to expand commercial and investment relations between Pakistan and Iran. He noted that both institutions have resolved to work closely to facilitate exports and imports, encourage joint ventures, and stimulate private-sector growth in mutually beneficial areas.
According to the KCCI President, the pact outlines specific investment opportunities in agriculture, including livestock, fisheries, greenhouse development, and farm mechanization. Further collaboration is planned for industrial and mining sectors, covering oil and gas, packaging, and dairy processing.
Hanif also detailed provisions for cooperation in tourism, with a focus on health tourism, and the export of technical and engineering services for large-scale projects such as dams, roads, airports, and railways. ‘Such cooperation will help enhance connectivity, promote technology transfer and create new avenues for business communities on both sides,’ he added.
The agreement also addresses logistical and financial frameworks, with both chambers consenting to advance joint efforts in goods transportation, financial partnerships, and the exchange of technical expertise and modern technologies to support sustainable development.
Speaking for the visiting delegation, QCCIMA President Hadi Abdian expressed confidence that the MoU would pave the way for long-term institutional collaboration and stronger business-to-business linkages. He highlighted the vast opportunities available in Qazvin”s agricultural, industrial, and mining sectors, noting that Iranian entrepreneurs are keen to engage with Pakistani businesses through Karachi”s commercial hub.
To ensure the accord translates into tangible outcomes, both chambers have agreed to nominate focal persons within two weeks. These representatives will be tasked with developing a practical implementation plan to turn the memorandum into concrete projects and commercial results.