Pak, Iran set target to increase annual bilateral trade to $10 billion by 2028

Pakistan and Iran have set an ambitious goal to elevate their annual bilateral trade to $10 billion by 2028, reflecting a shared leadership vision to significantly enhance economic ties, it was revealed during a high-level meeting in the capital Today.

The pledge to fortify trade, investment, and economic cooperation was formally expressed during discussions between Minister for Commerce, Jam Kamal, and Iranian Ambassador Reza Amiri-Moghaddam.

To foster greater business-to-business engagement, Jam Kamal called for the reactivation of the Pakistan-Iran Joint Business Council.

Highlighting specific trade facilitation efforts, the Commerce Minister welcomed the recent reactivation of the Mand-Pishin Joint Border Market. He also urged for the swift operationalization of the two remaining joint border markets located at Chegdi-Kouhak and Gabd-Reemda.

For his part, Ambassador Amiri-Moghaddam noted recent progress in regional connectivity, welcoming the resumption of flights between Quetta and Zahedan as a vital development that would enhance links for both people and commercial activities.