Pakistan and Iran Agree to Increase BIlateral Trade to $10 Billion

Pakistan and Iran have agreed to strengthen bilateral trade, improve border connectivity, and expand cooperation in mining as both countries renewed their commitment to achieving a bilateral trade target of $10 billion.

The understanding was reached during a meeting between Prime Minister Shehbaz Sharif and a six member delegation led by Iranian Minister of Industry, Mine and Trade Syed Mohammad Atabak in Islamabad.

The prime minister said Pakistan highly values its relations with Iran and remains committed to promoting peace and stability in the region. Referring to his recent discussions with Iranian President Masoud Pezeshkian, he said both sides had agreed to deepen economic cooperation, particularly in trade.

Sharif expressed confidence that the $10 billion bilateral trade target could be achieved through sustained efforts and highlighted opportunities to expand trade in food and agricultural products.

During the meeting, the two sides agreed to promote border trade by improving logistics and customs coordination, enhancing facilities to keep border crossings open around the clock, and increasing cooperation in the mining sector, particularly in the processing and value addition of precious stones.

Iranian Minister Atabak thanked Pakistan for its hospitality and appreciated Islamabad's diplomatic efforts to promote regional peace. He said Iran is keen to further strengthen economic and trade ties with Pakistan and confirmed that technical level negotiations on a proposed Free Trade Agreement are continuing.

The meeting was attended by several federal ministers, ministers of state, special assistants to the prime minister, and senior government officials from both countries.

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Pakistan will always run away no matter what they agree.