Islamabad, April 22, 2024 – In a significant development aimed at bolstering economic ties between neighboring countries, Pakistan and Iran agreed on Monday to enhance bilateral trade and expand business activities in their border regions.
The agreement was reached during a three-day official visit by Iranian President Dr. Ebrahim Raisi to Pakistan, which included extensive talks with Prime Minister Muhammad Shehbaz Sharif.
Following the signing of several bilateral agreements and memorandums of understanding at the PM House, both leaders expressed their commitment to transforming their borders into bustling hubs of commerce and trade. “Under the leadership of President Raisi, we can foster development and prosperity by enhancing the business activities across our borders,” stated PM Sharif during a press conference.
President Raisi, leading a high-powered delegation on his first visit to Pakistan since the general elections in February, underscored the potential for increased trade volume, which currently falls short of its potential. The Iranian president announced ambitious plans to boost trade to $10 billion annually within the next five years.
“To spur business and trade activities at the border areas, it is essential to enhance the border markets and ensure heightened security,” President Raisi remarked, emphasizing the shared cultural and economic interests that tie the two nations together.
The discussions covered a range of topics including economy, trade, investment, diplomacy, security, and culture. Both sides expressed a keen interest in deepening cooperation in these areas, particularly in combating terrorism, organized crimes, and smuggling.
Highlighting the historical and durable ties between Iran and Pakistan, President Raisi mentioned Iran’s advancements in science and technology, expressing a willingness to share knowledge and experiences. This gesture is seen as part of broader efforts to enhance bilateral relations for the welfare and prosperity of both nations.
In addition to economic issues, the leaders discussed the geopolitical situation in the Middle East, particularly the ongoing conflict in Palestine. President Raisi conveyed his country’s support for the oppressed people of Gaza and criticized the international community’s failure to fulfill its responsibilities. PM Sharif echoed these sentiments, pledging Pakistan’s support for the Palestinian cause and emphasizing the need to voice concerns at international forums, including the United Nations and the Organization of Islamic Cooperation (OIC).
Both leaders also drew parallels between the struggles of Palestinians and the situation in Kashmir, expressing hope for a resolution to these long-standing conflicts.
The agreements signed between Pakistan and Iran include cooperation in various sectors, which are expected to pave the way for increased economic integration and mutual prosperity. By strengthening the border economies, both countries aim to create job opportunities and improve the quality of life for their border populations.
This visit not only underscores the close, brotherly relations between Iran and Pakistan but also sets a concrete roadmap for future collaboration. As both countries look forward to reaping the benefits of increased trade and economic cooperation, the region may well be on the cusp of a new era of economic prosperity and social stability.
