Pakistan and Iran have agreed to expand bilateral economic relations and promote border trade by taking the trade volume to $10 billion, which is expected to create new opportunities for economic cooperation between the two countries.
According to the Board of Investment, Iranian Ambassador to Pakistan Reza Amiri Moqadam met Federal Minister Qaiser Ahmed Sheikh, in which detailed discussions were held on improving trade, investment and border economic activities.
The meeting emphasized that the existing trade structure between the two countries should be made more effective and integrated so as to facilitate the business community and increase bilateral trade.
According to the statement, Iran offered Pakistan cooperation in accessing Central Asian countries, which is being described as an important step towards expanding regional trade and transit networks. The two countries also agreed to advance joint economic projects.
A proposal to increase the number of commercial trucks per day to 2,000 was considered to improve border trade, which could significantly increase trade volume via land routes. Along with this, it was also agreed to activate the Ramdan-Gabad Special Economic Zone soon.
In the meeting, both countries expressed their determination to further deepen economic cooperation, create new investment opportunities and strengthen economic ties in the region.
According to economic experts, the increasing trade between Pakistan and Iran is not only beneficial for both countries, but it can also open new avenues for energy, trade and investment in the region, which will promote long-term economic stability.