In a recent move that points towards altering regional dynamics, Pakistan and Iran have committed to a substantial increase in bilateral trade from the existing $3 billion to a projected $10 billion. The pivotal agreement occurred during an official visit by Iranian President Massud Pezeshkian to Pakistan. Notably, this visit was the first since he took office and followed the 12-day conflict in June between Iran and Israel, underscoring the geopolitical backdrop to the discussion.
President Pezeshkian was given a grand welcome on his arrival in Pakistan, with Prime Minister Shehbaz Sharif greeting him personally at the Nur Khan Airbase in Rawalpindi. This reception was a potent signal of Pakistan’s aspiration to bolster its relationship with its neighboring nation Iran. The timing of the visit is noteworthy, occurring in the wake of the Israel-Iran conflict and amidst the unfolding situation in Gaza.
Hosting the Iranian president at a moment when the US aims to further isolate Iran, Pakistan conveyed a robust message about its independent diplomatic direction. A range of topics were explored during the formal discussions, spanning from bilateral connections to the immediate regional and international climate.
Highlighting the enduring camaraderie between Pakistan and Iran, Prime Minister Shehbaz articulated Pakistan’s unwavering alliance with the Iranian leadership, military, and populace. He took the opportunity to express his condolences for the casualties Iran suffered during the Israeli-instigated 12-day war and extended wishes for a speedy recovery to all those injured.
Further solidifying this bond, the Prime Minister showed appreciation for Iran’s support during Pakistan’s recent confrontations with India and voiced affirmation for Iran’s right to a peaceful nuclear programme. In return, President Pezeshkian extended gratitude towards Pakistan for standing by Iran during the time of war.
With an aim to enhance cooperation in commerce, cultural affairs, and people-to-people exchange, Prime Minister Shehbaz urged for the speedy scheduling of the 22nd session of the Pakistan-Iran Joint Economic Commission. Anticipation is high for this forthcoming meeting and the potential opportunities it could herald for both nations.
A number of agreements and memoranda of understanding (MoUs) across various sectors were signed in the presence of the leaders, fortifying bilateral cooperation. They analysed potential strategies to augment trade, which involved escalating quotas for rice, fruits, and meat exports, invigorating border markets, mitigating non-tariff barriers, and advocating for barter trading.
Both President Pezeshkian and Prime Minister Shehbaz conveyed satisfaction with the recent advancements in Pakistan-Iran trade discussions. Their shared commitment to enhance the bilateral trade volume from the existing $3 billion to an impressive $10 billion is a clear testament to the promising future of economic cooperation between the two countries.
Discussion on regional and global affairs was also a key component of their meeting agenda. Prime Minister Shehbaz thanked Iran for its enduring support to the Palestinian people and reiterated Pakistan’s endorsement for an independent Palestinian state in line with the United Nations’ resolutions.
The leaders also discussed the ongoing tragedy in Gaza, calling for an immediate cessation to the atrocities committed against the trapped populace. Urgent humanitarian aid must be provided to alleviate their suffering, they insisted. Both leaders made an urgent appeal to the global community to step in swiftly and address the crisis.
The prime minister’s expressions of appreciation towards Iran extended beyond the meeting room. He upholds gratitude for Tehran’s support towards the Kashmiris in Indian Illegally Occupied Jammu and Kashmir (IIOJK), who are striving in their fight for self-determination.
The notable visit of President Pezeshkian to Pakistan highlighted a budding alliance, set against the backdrop of shifting geopolitics. As neighbours and longstanding friends, both nations have much to gain from this augmented focus on strengthening mutual ties and enhancing bilateral trade.
With these important conversations and agreements, future collaboration between Pakistan and Iran is anticipated to bring about positive developments on various fronts. These aspects will not only intensify trade and cultural exchange but also lay foundation for stronger strategic alliances in challenging geopolitical contexts.
The official visit of President Pezeshkian concluded on a warm note with a luncheon hosted by Prime Minister Shehbaz Sharif in honour of the President and his delegation, symbolising the spirit of camaraderie and mutual respect that underscores Pakistan-Iran relations.
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