Ambassador Tipu highlights Iran-Pakistan economic cooperation

Pakistan's Ambassador to Iran, Mudassir Tipu, has emphasized the significant opportunities arising from Iranian President Ebrahim Raisi's recent three-day visit to Pakistan. The visit resulted in the signing of memorandums of understanding in eight key areas, including the establishment of a joint economic free zone and cooperation in civil and judicial affairs, marking a milestone in bilateral relations.

Both countries have agreed to increase bilateral trade to $10 billion, aiming to enhance relations in politics, economy, trade, and culture for mutual growth and prosperity. Ambassador Tipu highlighted these agreements as crucial steps to strengthen economic ties and promote regional development.

The increased cooperation between Pakistan and Iran is seen as a significant opportunity to boost economic growth, create employment, and enhance regional stability. Leveraging their strategic locations, both nations can serve as vital trade and transit hubs, facilitating connectivity and trade across the region.

Furthermore, the collaboration between Pakistan and Iran aligns with the Belt and Road Initiative (BRI), emphasizing regional connectivity and trade. The two countries have been exploring cooperation in energy, trade, transport, and cultural exchanges, with the China-Pakistan Economic Corridor (CPEC) under BRI showing substantial progress in infrastructure development and attracting foreign investment.

Ambassador Tipu expressed optimism for increased cooperation between Iran and Pakistan within the BRI framework, aiming to promote regional peace and development through new opportunities and expanded CPEC initiatives.