By Our Correspondent
ISLAMABAD : Pakistan and Iran have agreed to boost the annual bilateral trade volume to $8 billion, as both the countries agreed to boost economic cooperation and border trade.
Pakistan’s Minister for Commerce, Jam Kamal Khan, and Iranian Minister for Industry, Mine and Trade, Mohammad Atabak, in a meeting in Islamabad signed to the agreement.
The volume of bilateral trade between Pakistan and Iran reached $2.8 billion in the fiscal year that ended in June this year.
The ministers agreed to give a new direction to bilateral trade and enhance the pace of cooperation.
Kamal said that it is time to boost trade ties with Iran and turn geographical proximity into economic advantage.
The ministers also stressed the importance of increasing cross-border cooperation and agreed to expedite the upcoming session of the Pakistan-Iran Joint Economic Commission.
Pakistan and Iran agreed to boost trust between the two countries business communities and launched a new series of B2B meetings to further collaboration.
The ministers discussed cooperation in agriculture, energy, livestock, logistics, and IT services, and highlighted the need to better utilize border facilities and trade corridors.
Kamal described Pakistan-Iran friendship as a symbol of trade, culture, and brotherhood, adding that economic cooperation is essential to strengthen fraternal relations.
