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Local currencies to replace US dollar in Pakistan, China trade

Local currencies to replace US dollar in Pakistan, China trade

Pakistan’s Standard Chartered bank has announced that hurdles to trade with China in Pakistani rupee and Chinese Yuan have been removed.Earlier two countries were trading in dollars, which caused hurdles in the way of banking transactions for traders. The two nations signed a currency swap agreement a couple of years …

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ITER director-general due in Tehran

ITER director-general due in Tehran

During his two-day visit, Bigot will also meet with Sorena Sattari, the vice-president for science and technology affairs as well as Iranian experts of nuclear fusion.AEOI chief Ali-Akbar Salehi earlier visited ITER Organization in France to review the international nuclear fusion research and engineering megaproject.9341**1416 www.irna.ir

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Iran, Pakistan call for restrictions on illegal trade

Iran, Pakistan call for restrictions on illegal trade

Talking to an Iranian delegation led by Mohsen Heidarian at the Lahore Chamber, Abdul Basit said illegal trade should be treated with an iron hand damaging local industries and causing huge loss to tax revenues of the two countries.He said that there was great scope for Iranian companies to consider …

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Deputy foreign minister due in Manila on Friday

Deputy foreign minister due in Manila on Friday

Talking to IRNA Thursday, Tanhaei said that Rahimpour will reciprocate his Filipino counterpart's visit to Tehran last year.Deputy foreign minister's trip to Manila will mark a major event in bilateral ties.During the visit, the latest issues pertinent to political, economic, cultural cooperation will be discussed, he said.Referring to the Tehran-Manila …

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Veep: Avoidance of crude selling major program of Economy of Resistance

Veep: Avoidance of crude selling major program of Economy of Resistance

Addressing inaugural ceremony of Foulad Mobarakeh Casting Machine No. 5 in Isfahan, Jahangiri said that promoting capabilities, using natural resources' capacities and manpower to set up knowledge-based industrial enterprises are among the main targets of the Economy of Resistance.Iran boasts of huge natural resources, capabilities and efficient manpower, he said, …

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Steel output to hit 50 million tons in 6 years

Steel output to hit 50 million tons in 6 years

Addressing inaugural ceremony of Foulad Mobarakeh Casting Machine No. Five in Isfahan, Nematzadeh said that steel production should increase to meet local demand.Noting that priority is with domestic consumers, the minister said that Isfahan boasts of higher capabilities to manufacture equipment for steel industry.Nematzadeh hoped that all parts needed would …

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