Pakistan and Iran to Boost Bilateral Trade to $10 billion

In a recent international conference on climate adaptation, the Prime Minister of Pakistan, Shehbaz Sharif made significant remarks. During this occasion, Pakistan and Iran have pledged to boost their bilateral trade to a whopping $10 billion. The countries also emphasized their shared commitment to eliminate terrorism, aiming to enhance peace and prosperity within the region.

A series of comprehensive agreements were enacted during Iranian President Masoud Pezeshkian’s two-day visit to Pakistan. These memorandums spanned numerous sectors such as energy and trade. By signing, both nations proved their commitment to fostering stronger ties on the diplomatic and economic fronts.

In the attached press conference, Prime Minister Sharif shared his optimism regarding the ambitious trade target. ‘We hope to attain our $10 billion trade goal at the earliest,’ he announced. Sharif emphasized that such collaboration is essential for the mutual progression of both nations.

The Prime Minister strongly reaffirmed his nation’s endorsement for Iran’s nuclear program, as long as it is intended for peaceful purposes, as outlined by the UN charter. He categorically condemned any form of aggression against Iran, particularly by Israel; asserting unequivocally, ‘there is no justification’.

Sharif went on to reiterate their collective initiative to eliminate terrorism and thus pave the way for regional prosperity. He highlighted the need for a cooperative approach to tackle this issue that threatens the stability of the area. The prime minister expressed his resolve to make tangible strides in this dire matter.

Iran’s President Pezeshkian was also quite positive about achieving the set trade target. He expressed his conviction that the current trade volume could be elevated from $3 billion to the ambitious goal of $10 billion. ‘It wouldn’t be a tough task to boost our trade relations to this level in a relatively short period,’ he said.

Pezeshkian extended his gratitude towards Pakistan’s government and its citizens for their supportive stance during difficult times. He specifically cited the 12-day period of aggressive acts perpetuated by the US and the Zionist regime as an instance when Iran was touched by Pakistan’s backing.

The relationship between Pakistan and Iran has occasionally faced challenges, largely due to issues concerning cross-border militancy. A notable escalation of tensions was seen in January 2024, when both these countries were involved in reciprocal missile strikes. Despite these occasional disputes, diplomatic channels between both nations have always remained active.

The recent commitment to increase trade signifies a shared vision for economic prosperity between the two countries. This is an encouraging indicator for other countries in the region, establishing an example of cooperative diplomacy and contribution towards mutual growth.

This renewed commitment to battle terrorism stands as a testament to the devotion both countries share in contributing to regional peace and stability. Tackling this issue head-on, the accord promises to overhaul security dynamics within the region.

Reaffirmed support for Iran’s peaceful nuclear program showcased Pakistan’s standing on international diplomacy and adherence to global norms. Such support represents the countries’ mutual respect for international conventions, and their commitment to peaceful ventures.

The condemnation of unjust aggression against Iran underlines the priority Pakistan places on peace in the region. This sentiment reflects the countries’ joint stand against unprovoked aggression and their staunch commitment to peace and harmonious cohabitation.

The diplomatic history between Iran and Pakistan, although interspersed with occasional conflicts, has been underscored by their shared commitment to peace and regional stability. Their posture towards conflict resolution and diplomatic engagement forms a crucial part of this relationship.

While the collaboration between Pakistan and Iran has seen disagreements, the ongoing dialogue signifies resilience and mutual respect. This engagement is integral to their relationship, ensuring that the diplomatic door remains open even amidst tensions.

The commitment to elevate their bilateral trade to $10 billion is a strong testament to their shared economic vision. This pledge reflects the mutual understanding between both nations and their drive towards shared prosperity.

In conclusion, the agreement between Pakistan and Iran holds promise for welcome shifts in regional trade and cooperation. Although challenges persist, the reprising of diplomatic engagement and the pursuit of shared goals augur well for prosperity and enhanced bilateral relations between these two nations.

The post Pakistan and Iran to Boost Bilateral Trade to $10 billion appeared first on Real News Now.

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