Iranian president vows to boost trade with Pakistan to $10 bln a year

Iran’s President Ebrahim Raisi and Pakistan’s Prime Minister Shehbaz Sharif have committed to enhancing trade relations, aiming for an annual goal of $10 billion. This pledge was made as Raisi started a three-day stay with robust security measures in Islamabad.

The trip marks a point at which the two Muslim-majority countries are looking to improve relations following a series of unprecedented military exchanges earlier this year.
\”Both nations have consented to raise the level of bilateral trade to 10 billion U.S. dollars within the coming five-year period,\” stated the office of Sharif following a joint media conference.

They also agreed to collaborate in creating unified strategies to tackle shared difficulties, such as the threat of terrorism,” the statement read.

Official data on the current annual trade figures was not provided. Last year, the Business Recorder, a local news source citing Iran’s ambassador to Pakistan at the time, reported that the bilateral trade exceeded $2 billion.
Accompanied by a team consisting of the foreign minister and other cabinet members, Raisi will proceed to the eastern metropolis of Lahore and the southern coastal city of Karachi.