Iran and Pakistan set $10B annual trade target
Talks in Tehran highlight plans for deeper economic cooperation and joint initiatives
TEHRAN, Iran (MNTV) — Iran and Pakistan have agreed to boost bilateral trade to $10 billion annually, as senior officials from both countries met in Tehran to discuss strengthening economic ties alongside political and cultural cooperation.
The announcement came after Iranian Minister of Industry, Mines and Trade Mohammad Atabak hosted Pakistan’s Commerce Minister Jam Kamal Khan for the latest round of talks under the Joint Commission for Iran-Pakistan Cooperation.
Atabak described the target as “achievable,” citing the economic potential and longstanding ties between the two neighbors.
The Iranian minister also thanked Pakistan for supporting Iran during Israeli aggression earlier this year, stressing that “historical and brotherly relations” have consistently shaped positive neighborly policies.
He further expressed condolences over the recent flood-related casualties in Pakistan, pledging Tehran’s readiness to assist its neighbor during times of hardship.
Atabak said the commission’s agenda includes agreements on essential goods and progress on barter mechanisms to bypass trade barriers. “If barter trade issues are resolved, many of the objectives for advancing economic relations will be realized,” he noted.
He also highlighted plans to establish a joint Iran-Pakistan company with investment from the two countries’ central banks, calling it a significant step toward institutionalizing long-term cooperation.
The Pakistani delegation’s visit is expected to finalize agreements that could accelerate trade growth and strengthen cross-border investment in key sectors.
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