The Karachi Chamber of Commerce and Industry (KCCI) and the Qazvin Chamber of Commerce & Industries, Mines and Agriculture (QCCIMA), Iran, have signed a Memorandum of Understanding (MoU) to strengthen bilateral cooperation in trade, investment, agriculture, industry, infrastructure development, and technical collaboration.

The MoU was signed by President of the Karachi Chamber, Muhammad Rehan Hanif, and President of QCCIMA, Hadi Abdian, during a high-level QCCIMA delegation’s visit to the Karachi Chamber. The MoU signing ceremony was attended by the Commercial Attache of the Iranian Consulate in Karachi, Murad Nemati, the Senior Vice President of KCCI, Muhammad Raza, the Vice President of KCCI, Muhammad Arif Lakhani, the Chairman of the Special Committee for MoUs Implementation, Junaid Esmail Makda, and members of the Executive Committee.

While highlighting the significance of this important collaboration between the two leading business institutions, President KCCI Muhammad Rehan Hanif stated that the MoU reflects a shared commitment to expand commercial, economic and investment relations between Pakistan and Iran, particularly between Karachi and Qazvin Province. He noted that both chambers have agreed to work closely to facilitate exports and imports, promote joint ventures and encourage private-sector-led growth in mutually beneficial sectors.

President KCCI explained that under the MoU, both sides have agreed to explore investment opportunities in agriculture and allied sectors including livestock, poultry, fisheries, horticulture, greenhouse development, cold storage, seed improvement, farm mechanization, irrigation systems, fertilizers and agro-processing. He added that cooperation would also extend to industrial and mining sectors such as oil and gas, packaging, dairy processing, milk production, and value-added agricultural industries.

Rehan Hanif further stated that the MoU also provides a framework for collaboration in tourism, particularly health tourism, as well as the export of technical and engineering services in major infrastructure projects including dams, roads, buildings, airports and railways. “Such cooperation will help enhance connectivity, promote technology transfer and create new avenues for business communities on both sides”, he added.

Highlighting another important aspect of the agreement, President KCCI said that the two chambers have agreed to promote joint cooperation in transportation and transit of goods, financial collaboration through joint banking and insurance initiatives, and exchange of technical expertise, skilled professionals and modern technologies to support sustainable economic development.

Speaking on the occasion, President QCCIMA Hadi Abdian welcomed the partnership with KCCI and expressed confidence that the MoU would pave the way for long-term institutional collaboration and stronger business-to-business linkages. He emphasized that Qazvin Province offers vast opportunities in agriculture, industry, and mining, and Iranian entrepreneurs are keen to engage with Pakistani counterparts, particularly through Karachi as the country’s principal commercial hub.

It was agreed that both chambers would nominate focal persons within two weeks to ensure effective follow-up and develop a practical implementation framework to translate the MoU into tangible projects and commercial outcomes.