Tehran : New Head of Iranian Chamber of Commerce, Industries and Mines Mohammad Nahavandian said on Thursday that the Iranian private sector is ready to buy shares of Pakistani banks.
Nahavandian made the remark in a meeting with Pakistani Ambassador to Tehran Iqbal Shafkat Saeed on Thursday.
Iranian private sector has announced that it's ready to increase its presence abroad and has voiced willingness to buy shares of Pakistani banks, he said.
Existing shortcomings in the region will push forward the countries of the region towards non-regional banks and the Iranian banks are determined to act as a good option to this end, he said.
Iran and Pakistan can broaden their cooperation at regional and international fora, he said.
Referring to very good banking cooperation between Iran and Pakistan, the Pakistani ambassador said Iran and Pakistan have recently established a joint investment company.
Through collective cooperation with Iran and under the guidelines of the Iranian Chamber of Commerce, Industries and Mines, Pakistan can can purchase a electric power plant from Iran and is now negotiating with Iranian officials to invest in gas sector, he said.