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Pakistan, Iran Keen To Boost Bilateral Trade Volume To $10 Billion: PM

5 min read
Legal Expert
Pakistan, Iran Keen To Boost Bilateral Trade Volume To $10 Billion: PM
Prime Minister Muhammad Shehbaz Sharif on Sunday said that the leadership of Pakistan and Iran were keen to enhance the bilateral trade volume to the target of $10 billion as soon as possible. Addressing a joint press stakeout with President of the Islamic Republic of Iran Dr. Masoud Pezeshkian, the prime minister said that today, both countries signed a number of documents to transform them into agreements and to realize the potential of $10 billion trade target, adding that the respective delegations from the two sides would further hold detailed meetings to move forward in this regard. He said during their bilateral meeting, both sides discussed the broad aspects of their bilateral ties, brotherhood relations, religious and cultural ties, and held comprehensive talks to further boost them. The Prime Minister expressed his gratitude to the Iranian president for his heartfelt message to the people of Pakistan. He said in June, Israel without any rhyme or reason, unleashed aggression against Iran which was not only strongly condemned by the government of Pakistan but by entire 240 million Pakistani people as there was no reason for Israel to stoke war. Prime Minister Sharif also expressed his condolences on the martyrdom of Iranian generals, scientists and the civilians during the conflict and prayed for the departed souls and for the injured for their early recovery. He also lauded the Iranian leadership for showing bravery and wisdom during the Israeli aggression and said the Iranian forces and the people faced the aggression and exposed the Israeli defence system with volleys of retaliatory missile attacks. President of the Islamic Republic of Iran Dr. Masoud Pezeshkian, in his remarks, expressed gratitude for the position adopted by the parliament, government and the people of Pakistan for supporting Iran during 10-day Israeli aggression. He said the bonds of affinities and affection between the two countries and nations were deeply rooted in religion, culture and history, citing poetic verses of Allama Muhammad Iqbal, in which he stressed upon unity among the Muslim countries. Advancing the neighborhood policy was among the priority of their foreign policy, and Pakistan was not only their neighbor but also a brotherly country, he added. The president expressed his satisfaction that fortunately, serious and sincere efforts were being initiated by both sides for cooperation in diverse field, and to take their current trade volume of $3 billion dollars to projected target of $10 billion. He said today, important documents were also signed which would enhance bilateral cooperation in various fields. President Pezeshkian said that they were determined to take steps to implement these agreements while development of land, sea and air routes would facilitate trade. Given the threats from terrorists in the border areas, both sides agreed to enhance the border security for the safety of the people of the two countries, he added. The Iranian president underlined the need for development of trade and economic cooperation which would contribute to progress, prosperity, peace and stability in the region. He also condemned the Israeli aggression and genocide in Gaza and steps to destabilize the region. The Iranian president said the two sides believed that the association and cooperation among the Muslim countries were needed to take shape to counter expansionist designs of the Zionist regime and ensure stability in the region. Iran and Pakistan had asked the global bodies to leave the double standards, and stop spillover of war, violation of the sovereignty and territorial integrity of the countries, he added. He also expressed his pleasure to arrive in his second home; Pakistan and expressed his gratitude to the government of Pakistan and the prime minister for the warm reception and hospitality accorded to them. Earlier, the Iranian president and the prime minister witnessed signing ceremony of 12 different agreements and MoUs to enhance cooperation in plants protection and quarantine, collaboration in science, technology and innovation, IT, exchange programme in culture, education, youth, health, science and research,  model text of MoU on maritime security and fire extinguishing, MoU on judicial assistance, implementation programmes on products inspection and quality, tourism cooperation and  joint ministerial statement on free trade agreement.
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Written by the expert legal team at Javid Law Associates. Our team specializes in corporate law, tax compliance, and business registration services across Pakistan.

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