Pakistan and Iran pledge $10 billion trade boost

Pakistan and Iran have pledged to enhance their bilateral trade to $10 billion over the next five years and transform their shared border into a 'border of prosperity.' This commitment was reiterated during Iranian President Raisi's recent visit to Pakistan, where both nations emphasized the importance of cooperation in various sectors, including energy and trade.

The joint statement issued following the visit highlighted plans to finalize a free trade agreement and collaborate on projects such as the Iran-Pakistan gas pipeline. Despite warnings of potential sanctions from the US State Department, both countries are determined to strengthen economic ties and explore opportunities for mutual growth.

During the discussions, leaders from Pakistan and Iran emphasized the significance of fostering economic partnerships, enhancing connectivity, and promoting regional development. They also condemned terrorism in all its forms and expressed solidarity in addressing common challenges through dialogue and diplomacy.

Furthermore, the two nations underscored the need for peaceful resolutions to conflicts, including the Kashmir issue, and called for an immediate ceasefire in the Israeli-Palestinian conflict. They also reaffirmed their commitment to regional cooperation within organizations like the Belt and Road Initiative and the Economic Cooperation Organization.

In conclusion, the recent high-level talks between Pakistan and Iran have set the stage for deeper collaboration and strengthened ties between the two countries. By prioritizing economic growth, enhancing security cooperation, and advocating for peaceful resolutions to regional conflicts, Pakistan and Iran are poised to build a more prosperous and stable future for their citizens and the broader region.