In the midst of Pakistan's economic difficulties, including a debilitating local currency and foreign exchange reserves, Ambassador Mudassir Tipu has expressed that Pakistan and Iran are ready to support bilateral trade to $5 billion.
He featured the commitment to strengthen trade relations, referring to a five-year strategic and economic cooperation document endorsed between the two nations. The agreement, covering 2023-28, expects to address trade obstructions, lay out institutional collaborations between private sectors, and settle a Free Trade Agreement (FTA).
Ambassador Tipu offered these comments during a visit to the Iranian port of Bandar Abbas, concurring with Pakistani Navy ships mooring at the First Naval Region of the Iranian armed force. This emblematic signal plans to advance harmony, companionship, and fortify relations between the two countries, with an emphasis on further developing education-related activities and interactions.
Featuring the significance of Pakistan-Iran relations, the ambassador underlined that these ties pass on a message of fortitude, harmony, and satisfaction to the district. The two nations stay focused on keeping up with harmony and solidness in the locale.
The historical economic relations and culture exchanges between the two countries, alongside a significant number of Pakistani pilgrims visiting Iran every year, add to the groundwork of their ties. Further developed bilateral trade is viewed as urgent for Pakistan, possibly mitigating its economic difficulties.
Notable projects, initiated by previous PM Shehbaz Sharif and Iranian President Ebrahim Raisi, for example, the "Mand-Pishin Border Sustenance Marketplace" and "220 kV Polan-Gabd Power Transmission Line," imply substantial participation between the two countries.
