Addressing the Karachi Chamber of Commerce and Industry (KCCI), Mayor of Iran's Northeastern city of Mashhad Seyed Mohammad Pezhman urged both countries to consider taking advantage of existing opportunities to boost two way trade.
He opined that private sector can play a vital role to strength trade and economic ties between the two countries.
He further stressed the need for more frequent exchange of delegations and participation in exhibitions held in each other countries from time to time.
Identifying potential areas of cooperation, he said that opportunities of cooperation existed in the areas of livestock, agriculture and mining.
He pointed out that Iran is importing livestock from Brazil, which is far away, and added the same can be imported from Pakistan.
He noted that Iran's trade with other regional countries was higher as compared to Pakistan.