Iran and Pakistan Aim to Boost Annual Trade to $10 Billion

Iranian President Masoud Pezeshkian said on Saturday that Tehran and Islamabad plan to elevate their annual trade exchanges to $10 billion, as he begins a two-day visit to Pakistan at the official invitation of Prime Minister Shehbaz Sharif, according to IRNA news agency.

Prior to his departure for Pakistan, Pezeshkian said Tehran and Islamabad have enjoyed “good and friendly” relations, adding that the two countries cooperate in economic, scientific, cultural, and border areas, IRNA reported.

Accordingly, the Iranian president identified boosting border trade with Pakistan via land, air, and sea as priorities for his trip, reiterating the plan to increase their mutual trade exchanges to $10 billion annually.

It is noteworthy that through Pakistan, Iran can connect to the Silk Road linking China and Pakistan, which can then extend through Iran to Europe.