ISLAMABAD: Pakistan and Iran have agreed to boost annual bilateral trade to $8 billion as part of efforts to strengthen economic cooperation and enhance regional connectivity.
The agreement was reached during a meeting in Islamabad between Pakistan’s Federal Minister for Commerce, Jam Kamal Khan, and Iran’s Minister for Industry, Mine and Trade, Mohammad Atabak. Both sides committed to redefining their trade relationship and accelerating collaborative efforts.
Minister Kamal emphasized the urgency of translating geographic proximity into economic benefit and called for deeper trade ties. The two leaders also agreed to fast-track the next session of the Pakistan-Iran Joint Economic Commission to advance bilateral engagement.
They highlighted the growing trust between Pakistani and Iranian business communities and launched a new series of B2B meetings to promote collaboration in key sectors such as agriculture, energy, livestock, logistics, and IT. Improving the use of border infrastructure and trade routes was also stressed.
Kamal described the Pakistan-Iran partnership as a symbol of cultural, trade, and fraternal bonds, noting that economic cooperation is vital to strengthening these ties. Minister Atabak echoed this sentiment, saying that close cooperation could contribute to regional stability.
This development coincides with the two-day state visit of Iranian President Dr. Masoud Pezeshkian to Pakistan. He was welcomed at Nur Khan airbase by Prime Minister Shehbaz Sharif, Deputy Prime Minister and Foreign Minister Ishaq Dar, and Information Minister Attaullah Tarar.
President Pezeshkian, accompanied by a high-level delegation including Foreign Minister Abbas Araghchi, will hold meetings with President Asif Ali Zardari and participate in delegation-level talks with Pakistani leadership.
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