Pakistan, Iran aim to boost bilateral trade to $10bn: PM Shehbaz – Pakistan

Prime Minister Shehbaz Sharif said Sunday that Pakistani and Iranian leadership was anxious to increase bilateral commercial volume between the two countries to $ 10 billion as soon as possible, according to a joint statement.

Pakistan and Iran share nearby ties and have signed multiple agreements in sectors such as energy and commerce.

The announcement was made when the two countries signed 12 agreements and memorandums of understanding (MOU) with Prime Minister Shehbaz and Iranian President Masoud fishshkian, who is in Islamabad on an official two -day visit, addressing joint press information.

“Both countries signed a series of documents to transform them into agreements and carry out the potential of a commercial objective of $ 10 billion, adding that the respective delegations of the two parties would hold more detailed meetings to advance in this regard,” according to the state of the State. Associated Press of Pakistan (app).

During the bilateral meeting, which took place before the joint press conference, both parties discussed the general aspects of their bilateral ties, fraternal relations, religious and cultural ties, and held comprehensive conversations to boost them even more.

Speaking during the joint press conference, Prime Minister Sharif condemned how Israel, on June 13, attacked Iran’s nuclear sites. According to the Iranian government, 610 people were killed during the war, while the rights groups put the figure in 974.

“Israel, without any rhyme or reason, unleashed the aggression against Iran, who was not only strongly condemned by the Pakistan government, but for the 240 million Pakistani people, since there was no reason for Israel to advance war,” said Prime Minister Shehbaz.

According to the report, the prime minister also expressed his condolences about the martyrdom of Iranian, scientific and civil generals during the conflict and prayed for the deceased souls and those injured by his early recovery.

He also praised Iranian leadership for showing courage and wisdom during Israeli aggression and said that Iranian forces and people faced the aggression and presented the Israeli defense system with volley volumes with attack missiles.

Prime Minister Shehbaz reiterated the position of Pakistan’s principles on Iran’s right to a nuclear program for peaceful purposes under the UN letter, saying that Pakistan would be next to his position.

In the fight against terrorism, he said that both parties shared points of view that he could not be tolerated at any cost. “If someone in Iran was affected by terrorism, it was similar to a victim of terror in Pakistan,” he said.

The prime minister also said that the two fraternal countries would take effective measures to eliminate terrorism.

The prime minister, in the name of the people and the government of Pakistan, welcomed the president in his first visit to Pakistan.

In his comments, President Pezeshkian expressed his gratitude for the position adopted by Parliament, the Government and the people of Pakistan for supporting Iran during the 10 -day Israeli aggression.

He said that the ties of affinities and affection between the two countries and the nations were deeply rooted in religion, culture and history, citing poetic verses of Allama Muhammad Iqbal, in which he emphasized unity between Muslim countries.

“Advancing in neighborhood policy is among the priorities of Iran’s foreign policy, since Pakistan is not only our neighbor but also a fraternal country,” he added.

The president expressed his satisfaction that, fortunately, both parties initiated serious and sincere efforts for cooperation in various fields, and to carry its current commercial volume of $ 3 billion to the projected objective of $ 10 billion.

President Pezeshkian said his government was determined to take measures to implement these agreements, while the development of land, maritime and aerial routes would facilitate trade.

12 Agreements, Mous exchanged

The two countries exchanged 12 agreements and comprehension memorandes (MOUS) for the promotion of bilateral cooperation in various fields on Sunday, according to Pakistan radio.

Pakistan and Iran have exchanged 12 agreements and Mous for the promotion of bilateral cooperation in various fields. – Pakistan radio

“The agreements and the MOU included cooperation for the protection of plants and the quarantine of plants, the joint use of Mirjaveh-Taftan Border Gate, collaboration in science, technology and innovation, cooperation in information and communications technology,” the report said.

He added that agreements and Mous also exchanged to promote culture, art, tourism, young people, media and exports, and meteorology cooperation, weather and related hazards.

“Mou on maritime security and fire fighting, judicial assistance in criminal matters, Mou supplemental to a MOU in 2013 was also signed with the Air Services Agreement,” the report said.

The two parties also exchanged the MOU by recognition of the certification of products, inspection and evidence, tourism cooperation for 2025-27 and a joint ministerial statement on the intention to end the free trade agreement.

Previously, on his arrival at the home of the prime minister, President Pezeshkian was presented with an honor guard.

President Asif Ali Zardari will also be the host of his Iranian counterpart.

GIVE CALLA IRANÍ

Early in the day, Foreign Minister Ishaq Dar called President Pezeshkian and transmitted Pakistan’s commitment to maintain “fraternal ties” with Iran, according to a statement from the Ministry of Foreign Affairs.

“The welcome to the Iranian President, the Vice Prime Minister/Minister of Foreign Affairs, reaffirmed Pakistan’s deep commitment to his historical and fraternal ties with Iran, emphasizing his strong foundations in shared history, common cultural heritage, faith and mutual respect,” the statement said.

President Pezeshkian appreciated the support of Pakistan and reaffirmed Iran’s resolution to improve bilateral collaboration in various areas of shared interest. I also expected significant conversations with Pakistani leaders to further reinforce political and economic ties between the two friendly nations, Fo said.

Strengthen bilateral trade

Separately, the Minister of Commerce Jam Kamal and the Minister of Industry, Mines and Commerce of Iran, Mohammad Atabak, also had a high -level discussion on Sunday, where the two parties agreed to accelerate trade, eliminate border bottlenecks and build associations based on confidence in priority sectors, according to a statement from the commercial ministry.

Minister Kamal suggested organizing specific commercial delegations that include representatives of federal and provincial chambers of commerce, allowing centered discussions about access to the market and regulatory facilitation, according to the statement.

“We have done this model successfully in Belarus and elsewhere,” he said in the statement. “Let’s do the same for Iran, starting with sectors that show the greatest potential for mutual benefit.”

The ministers also expressed a shared commitment to increase the use of commercial corridors and existing border facilities. The emphasis was placed on maximizing the potential of the neighborhood’s trade, with Kamal highlighting how ASEAN countries have greatly benefited from trade within their region.

“Geography is an advantage. Pakistan and Iran must use this distance discount. If we do not, we lose the benefits of time and costs,” he said.

Atabak also highlighted the ongoing discussions about the increase in Pakistani exports to Iran and encouraged Swift monitoring of the newly signed agreements.

“The merchants and industrialists in both countries are ready. They trust each other. What they need now is a clear and consistent facilitation mechanism on our side,” he said.

Kamal said that beyond bilateral gains, such connectivity could expand to Turkey, Central Asia, Russia and even parts of the Middle East, creating an economic block of substantial power and resistance.

Atabak supported the idea of celebrating a dedicated company to company (B2B) during each high -level visit and offered to bring Iranian business groups to Pakistan for in -depth meetings, according to the statement.

The two ministers recognized the historical depth of Pakistan-Iran’s relations, expressing that recent regional and global developments have brought both nations closer.

“Without the rapid commitment and determination of you and your team, we would not have achieved this stage. The impulse we have created now must translate into structured commercial results,” said Minister Taabak while praising the proactive role of the Pakistani government in the facilitation of bilateral trade progress.

Kamal echoed similar feelings, noting that both governments, as well as the private sector, had demonstrated a strong will and passion for working together.

“There is a moment in diplomacy when iron is hot, and this is that moment. We must act quickly. Delays only complicate things,” he said.

He stressed that the formalities follow passion and political will, and stressed that Pakistan is ready to deepen its economic relationship with Iran through structured channels such as the Joint Economic Commission (JEC), regular B2B exchanges and delegations focused on the sector.

Both ministers agreed to identify specific sectors such as agriculture, livestock, services, energy and cross -border logistics for future collaboration.

Reflecting on the human element of bilateral ties, both sides underlined the points in Cultural and Linguistic common among the people of Pakistan and Iran.

The ministers agreed to accelerate the next session of the JEC, guarantee the participation of public and private stakeholders, and prioritize border facilitation and commercial logistics.

“With the high -level political alignment and mutual trust, Pakistan and Iran seem to be prepared to participate in a new phase of strategic economic association that could remodel regional commercial dynamics,” said the statement.



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