Pakistan, Iran pledge to raise trade volume to $10 billion
Leaders agree to deepen economic ties, enhance cooperation on counterterrorism and regional peace
ISLAMABAD, Pakistan (MNTV) — Pakistan and Iran have signed a series of new agreements to expand bilateral trade to $10 billion, as part of a renewed push to strengthen economic and security cooperation between the two neighbors.
The agreements were finalized during Iranian President Masoud Pezeshkian’s two-day official visit to Islamabad, where he held high-level talks with Prime Minister Shehbaz Sharif and other senior Pakistani officials.
“We have set a target of $10 billion in trade and hope to achieve it as soon as possible,” Sharif said at a joint press conference on Sunday.
The current trade volume between the two countries stands at roughly $3 billion. President Pezeshkian expressed confidence in reaching the new goal, describing it as “easily achievable” within a short timeframe.
“My deep belief is that we can easily, in a short time, increase the volume of our trade relations from the current $3 billion to the projected goal of $10 billion,” he said.
The newly signed agreements span multiple sectors, including energy, trade, and regional development, reflecting shared priorities to boost economic integration and cross-border infrastructure.
Both leaders also affirmed their countries’ commitment to jointly combat terrorism and promote stability across the region.
“We will take effective steps to eliminate terrorism and open the avenues of prosperity,” Sharif said, emphasizing the need for regional peace as a foundation for economic growth.
The Pakistani premier reiterated Islamabad’s support for Iran’s right to a peaceful nuclear program under the UN Charter, and condemned Israeli military actions against Iran, stating there was “no justification” for such aggression.
President Pezeshkian, for his part, thanked Pakistan for standing by Iran during what he described as the recent 12-day terrorist aggression by the Zionist regime and the United States.
The visit marks a new chapter in Pakistan-Iran relations, with both sides signaling a readiness to move beyond past tensions and focus on mutual economic and strategic interests.
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