Pakistan, Iran reaffirm resolve to expand bilateral trade to $10bn
ISLAMABAD: Pakistan and Iran on Tuesday reiterated their resolve to expand bilateral trade to $10 billion, with Commerce Minister Jam calling for transforming “historic brotherly relations” with Iran into a robust economic partnership. Since March this year, both countries have rolled out a series of measures to facilitate border trade, including easing customs procedures, formalising Taftan as a…
Pakistan and Iran pledged on Tuesday to intensify their economic cooperation, aiming to increase bilateral trade to $10 billion. The Commerce Minister of Pakistan, Jam Kamal Khan, emphasized the need to convert their "historic brotherly relations" into a strong economic partnership at the 10th session of the Pak–Iran Joint Trade Committee in Islamabad.
Both nations have recently taken steps to facilitate cross-border trade, such as simplifying customs procedures, designating Taftan as a customs station, and establishing new transit routes. The ongoing tensions between the U.S. and Iran have impacted regional economies. During the meeting, Khan and his Iranian counterpart, Industry, Mine and Trade Minister Mohammad Atabak, discussed ongoing initiatives and outlined a practical roadmap to improve trade connectivity.
They also highlighted the potential of electricity trade and regional cooperation through ports like Karachi and Gwadar. The meeting comes two weeks after Iranian Interior Minister Eskandar Momeni visited Islamabad to strengthen railway cooperation and explore the revival of the Islamabad-Tehran-Istanbul freight train service. Pakistan allowed land shipments of food, pharmaceuticals, and other goods to Iran without mandatory banking instruments, and opened a new customs station in Panjgur district to regulate border trade.
Written by urgent.news from Dawn's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
