ISLAMABAD ( WNAM REPORT): Pakistan and Iran have agreed to set a target of $8 billion in annual bilateral trade, aiming to enhance economic cooperation and regional connectivity.
The development came during a meeting between Pakistan’s Federal Minister for Commerce, Jam Kamal Khan, and Iranian Minister for Industry, Mine and Trade, Mohammad Atabak, in Islamabad.
Both sides agreed to give a new direction to bilateral trade and accelerate the pace of cooperation.
Kamal stated that it is time to accelerate trade ties with Iran and transform geographical proximity into economic advantage.
The ministers also stressed the importance of enhancing cross-border cooperation and agreed to expedite the upcoming session of the Pakistan-Iran Joint Economic Commission.
The two sides welcomed growing trust between the Pakistani and Iranian business communities and launched a new series of B2B meetings to further collaboration.
The ministers discussed cooperation in agriculture, energy, livestock, logistics, and IT services, and highlighted the need to better utilise border facilities and trade corridors.
Kamal described Pakistan-Iran friendship as a symbol of trade, culture, and brotherhood, adding that economic cooperation is essential to strengthen fraternal relations.
