Islamabad/Tehran: Pakistan and Iran have agreed to enhance bilateral trade to $10 billion, strengthening economic ties between the two neighboring countries. The agreement was reached during high-level discussions aimed at expanding trade cooperation and fostering economic integration.
The decision comes as both countries seek to overcome trade barriers and boost economic collaboration in various sectors, including energy, agriculture, and infrastructure. Officials from both sides emphasized the need for facilitating cross-border trade, reducing tariffs, and improving banking channels to ensure smooth transactions.
This development marks a significant step in Pakistan-Iran relations, as both nations aim to capitalize on their geographic proximity and shared interests in regional economic growth. Experts believe that increasing trade volume will not only benefit both economies but also contribute to stability and prosperity in the region.
More details on the implementation of this agreement are expected to emerge in the coming weeks as both governments finalize trade mechanisms.
