Economy

In an interview with IRNA, Bilal Khan Pasha said that Iran and Pakistan are holding talks to take full advantage of the bilateral trade.He noted that one of the advantages of trade with Iran is that Pakistan produces many things which are in demand in Iran and many things which …

Commenting on the deal signed with Total Company to develop phase 11 of South Pars gas field, he pointed to management and timing as important factors.'We have to start the job somewhere and attract foreign investment so that the country commence a period of economic momentum,' said the minister. In …

Minister of Roads and Urban Development Abbas Akhoundi in a decree assigned Farzaneh Sharafbafi to the post.The minister mandated Sharafbafi to structurally reform the Islamic Republic Airliner (Iran Air) so that it would be competitive globally and regionally. She will also have the missions to upgrade safety of the airline, …

The MoU was signed by Chairman of Central Office of Iran Post Company Hossein Mehri and Managing Director of Vietnam Posts Pham Anh Tuan.Deputy Minister of Information and Communications of Vietnam Nguyen Minh Hong also attended the meeting which was held on the sidelines of 12th Asian-Pacific Postal Union Congress …

The first agreement worth 1.2 billion Euros deals with designing and constructing high-speed railway line of Qom-Arak.The mentioned agreement was sealed by Managing Director of The Railways of the Islamic Republic of Iran Saeed Mohammadzadeh and his Italian counterpart Renato Mazzoncini.The second agreement which is a trilateral document was signed …

Zamaninia made the remarks Tuesday in the 22nd World Petroleum Congress which was held in Turkey.Due to the price of gas in the international markets, exports to Europe are not practical yet.All neighboring countries, including Iraq, Oman, UAE and Kuwait need gas.Iran gas production will increase gradually and it can …

He said that if Pakistan’s LNG project is fully implemented it could shake up the global LNG market.“Within five years, I don’t see any reason why we should not be beyond 30m tonnes (in annual LNG imports). We will be one of the top five markets in the world,” Abbasi …

Saeed Nejad pointed to the path linking Mumbai Port in India to the Iranian port city of Bandar Abbas in the Persian Gulf and then to the ports in Ukraine as a cheap, fast and short way for transferring of goods.He also called for the expansion of sisterhood ties between …

The benchmark KSE 100-index opened at 46,273 points today in the morning but hours later plunged by 2,238 points, going down to 44,135 points.Reports say the investors have lost about 300 billion rupees because of the downward trend in the stock market.The stock market has been taking hits since the …

According to Middle East Monitor, the Iraqi minister said the new oil well is to be drilled in Heveizeh oil field in vicinity of Iran's borders having the total capacity of one billion oil barrels. Iraq’s state-owned oil and gas company “Missan” is to handle the project, Middle East Monitor …