Iran-Pakistan aim for $10 billion trade boost

Iran and Pakistan have agreed to boost their trade volume to $10 billion, with Iranian President Ebrahim Raisi expressing dissatisfaction with the current level of trade between the two nations. The decision was announced during Raisi's visit to Pakistan, marking the first such visit by a head of state since the recent general elections.

Raisi emphasized the importance of strengthening relations between Iran and Pakistan, highlighting common faith and shared values. The two leaders discussed enhancing cooperation in political, economic, trade, and cultural spheres, with a focus on combating terrorism and promoting security in the region.

During the visit, several Memorandums of Understanding (MoUs) were signed between the two countries, covering areas such as security, judicial assistance, veterinary health, and the establishment of a special economic zone. The agreements aim to deepen collaboration and foster mutual development.

Prime Minister Shehbaz Sharif praised Raisi's leadership and expressed optimism about the future of Pak-Iran ties, emphasizing the need to overcome challenges and transform the shared borders into hubs of progress and prosperity.

The visit also saw discussions on regional issues, including the ongoing Israeli offensive in Gaza and the situation in Indian-occupied Kashmir. Both leaders reaffirmed their commitment to eradicating terrorism and enhancing trade and communication links between Iran and Pakistan.

In conclusion, the visit of President Raisi to Pakistan signifies a renewed commitment to strengthening bilateral relations and fostering cooperation in various fields for the mutual benefit of both nations.