Iran and Pakistan Decide to Raise Trade to $5 Billion
Despite Pakistan’s economic difficulties—such as a declining foreign exchange reserves and a weaker local currency—Ambassador Mudassir Tipu has stated that Pakistan and Iran are prepared to boost bilateral commerce to $5 billion.
Referring to a five-year strategic and economic cooperation treaty inked between the two nations for 2023–2028, he underlined a commitment to expanding trade connections. Taking down trade obstacles, establishing private-sector exchanges, and concluding a Free Trade Agreement (FTA) are the objectives.
As Pakistani Navy ships docked in the First Naval Region of the Iranian army, Ambassador Tipu made these remarks during a visit to the Iranian port of Bandar Abbas. This symbolic act seeks to improve education-related activities while fostering friendship, peace, and stronger relationships.
The envoy stressed the significance of Pakistan-Iran relations and said that they send a message of happiness, peace, and solidarity to the area. Both nations are still dedicated to preserving stability and peace.
Their strong foundation is bolstered by historical economic contacts, cultural interactions, and a large number of pilgrims from Pakistan visiting Iran. Increased bilateral commerce is thought to be essential for Pakistan and could aid in resolving its economic issues.
Prominent initiatives like the “220 kV Polan-Gabd Electricity Transmission Line” and the “Mand-Pishin Border Sustenance Marketplace,” which were dedicated by Iranian President Ebrahim Raisi and former prime minister Shehbaz Sharif, demonstrate the two countries’ real collaboration.
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