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Karachi, July 27, 2015 (PPI-OT): Mian Muhammad Idrees, President Federation of Pakistan Chambers of Commerce and Industry, urged upon Governor State Bank of Pakistan to give necessary instruction to commercial Banks in Pakistan for LC opening to import Iranian Products, in view of recent agreement signed between Iran and USA/EU.
President, FPCCI also asked Minister of Petroleum to speed up the process for Iran Pakistan Gas Pipeline for which agreement between the two countries was signed few years ago, but further progress was stopped due to international sanctions against Iran.
This gas pipeline is in the interest of Pakistan, where industries and citizens are suffering due to shortage of energy and no important industries setup in the last 7 years. He further said that exports can only be increased if energy is supplied to the industries without load shedding and cities as well as villages are also protected from long hours of power outage.
For more information, contact:
M. A. Lodhi
Secretary General
Federation of Pakistan Chambers of Commerce and Industry (FPCCI)
B-1, Federation House, Main Clifton Road,
Shahra-e-Firdousi,
Karachi-75600, Pakistan
Tel: +92-21-35873691, 93-94
Fax: +92-21-35874332
Email: info@fpcci.com.pk
URL: www.fpcci.com.pk