Islamabad, April 23 (IANS): Lack of trade information was the major reason behind low Pakistan-Iran trade volumes, Iranian Ambassador to Pakistan Mehdi Honardoost has said.

Following Iranian President Hassan Rouhani's visit to Pakistan, a new era of cordial relations between the two countries has begun, Dawn online quoted the ambassador as saying on Friday.

Iranian businessmen were keen to enhance relations with their Pakistani counterparts. They should come forward and start joint ventures, he said.

The Iranian ambassador said Pakistan-Iran Gas Pipeline project could be completed in short span of time.

This project must be completed as energy is necessary for all trade and economic activities, he said.

Honardoost made the comments while speaking at Lahore Chamber of Commerce and Industry (LCCI).

Soon after lifting of sanction, a trade delegation of the chamber visited Iran to explore cooperation in textile, fruit, vegetables and meat sectors, LCCI Senior Vice President Almas Hyder said.

He said two delegations would also visit Iran in May to further seek trade and investment opportunities.

He said Iranian power companies could provide $1.5 billion worth 5,000 mw electricity to Pakistan for which the two governments need to negotiate a deal.