Pakistan and Iran Aim to Triple Trade to $10 Billion

Pakistan and Iran have agreed to enhance their bilateral trade volume from USD 3 billion to USD 10 billion annually. The countries signed 12 agreements after discussions between Pakistan's Prime Minister Shehbaz Sharif and Iran's President Masoud Pezeshkian, aiming to bolster cooperation across diverse sectors.

Pakistan and Iran have reached a significant agreement to boost their bilateral trade volume to USD 10 billion from the current USD 3 billion. This ambitious target was set during talks between Pakistan's Prime Minister Shehbaz Sharif and Iranian President Masoud Pezeshkian on Sunday.

The agreement was one of 12 MoUs signed between the two nations, signaling a new chapter of cooperation in fields such as trade, agriculture, and technology. Both leaders emphasized their mutual commitment to combating militancy along their shared border.

Commerce discussions between Minister Jam Kamal Khan of Pakistan and Iran's Minister for Industry Mohammad Atabak highlighted a renewed focus on neighborhood trade and reducing border bottlenecks. The two nations are poised to unlock the full potential of their geographic proximity, benefiting their economies in the long term.

(With inputs from agencies.)