Despite economic challenges in Pakistan, including a weaker local currency and shrinking foreign exchange reserves, Ambassador Mudassir Tipu has expressed that Pakistan and Iran are ready to increase bilateral trade to $5 billion.
He mentioned a commitment to improving trade relations, referring to a five-year strategic and economic cooperation document signed between the two countries for 2023-2028. The goal is to tackle trade barriers, establish interactions between private sectors, and finalize a Free Trade Agreement (FTA).
Ambassador Tipu made these comments during a visit to the Iranian port of Bandar Abbas, coinciding with Pakistani Navy ships docking at the First Naval Region of the Iranian army. This symbolic gesture aims to promote peace, friendship, and strengthen relations, with a focus on improving education-related activities.
Underlining the importance of Pakistan-Iran relations, the ambassador emphasized that these ties convey a message of solidarity, peace, and happiness to the region. Both countries remain committed to maintaining peace and stability.
Historical economic relations, cultural exchanges, and a significant number of Pakistani pilgrims visiting Iran contribute to the strong foundation of their ties. Enhanced bilateral trade is seen as crucial for Pakistan, potentially helping address its economic challenges.
Significant projects, inaugurated by former Prime Minister Shehbaz Sharif and Iranian President Ebrahim Raisi, such as the “Mand-Pishin Border Sustenance Marketplace” and “220 kV Polan-Gabd Electricity Transmission Line,” highlight tangible cooperation between the two nations.
