Tehran – In a significant move to deepen bilateral economic ties, Pakistan and Iran have announced their mutual ambition to increase trade volume to $10 billion annually, as Pakistani Prime Minister [Insert PM’s Name] begins an official visit to Tehran.
The announcement came during high-level meetings between Pakistani and Iranian leadership, where both sides emphasized the need to overcome barriers hindering trade and economic cooperation. The visit, seen as a step toward enhanced regional connectivity, included discussions on energy collaboration, border trade, and joint infrastructure development.
Prime Minister [Insert PM’s Name], accompanied by a delegation of ministers and business leaders, expressed Pakistan’s strong interest in boosting economic relations with its western neighbor. “Iran and Pakistan share deep-rooted historical, cultural, and religious ties. Strengthening economic cooperation is the natural next step in our relationship,” the Prime Minister said during a joint press conference with Iranian President Ebrahim Raisi.
Both countries have faced challenges in bilateral trade due to sanctions, banking restrictions, and inadequate border infrastructure. However, recent developments—including the opening of new border markets and a push for barter trade mechanisms—have paved the way for broader engagement.
President Raisi welcomed Pakistan’s proposal and stressed that expanding economic relations will also contribute to stability and prosperity in the region. “We are determined to work with Pakistan to enhance trade, energy cooperation, and regional security,” he said.
Analysts believe the renewed push for a $10 billion trade target could lead to long-term strategic collaboration, particularly in the energy sector, where Iran holds vast resources and Pakistan faces chronic shortages.
The visit also included discussions on counterterrorism cooperation, border security, and the situation in Gaza, with both countries reiterating their support for the Palestinian cause.
This visit marks a new chapter in Pakistan-Iran relations, with leaders on both sides vowing to remove obstacles and unlock the full economic potential of their partnership.
