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Pakistan and Iran agree to up bilateral trade to $5 billion by 2021

During a meeting with Iran’s Foreign Minister Javad Zarif, Prime Minister Shahid Khaqan Abbasi emphasized the need for Pakistan and Iran to work together ‘in all earnest’ to reach the $5 billion trade target by 2021.

The prime minister vowed to remove all obstacles that were hindering the progress of the Iran-Pakistan Gas Pipeline Project. Abbasi and Zarif agreed that both countries would benefit from regional economic integration.
The importance of peace in Afghanistan for stability and economic progress of the region was also discussed.
Prime Minister Abbasi reaffirmed Pakistan’s commitment to facilitate the peace process in Afghanistan and urged Iran’s government to play its part. He said as neighbours, both Iran and Pakistan can play an important part in achieving peace in the region.
Zarif also lauded Pakistan’s efforts to minimise illegal cross-border activities by strengthening border management across the border shared with Iran. He also hailed the increasing interaction between the two countries’ administrations as a positive sign.
Iran’s foreign minister had arrived in Pakistan on Sunday night, leading a high-level delegation that includes a large group of businessmen and is scheduled to meet civilian and military leadership.
Before Zarif’s arrival, Iranian Foreign Ministry spokesman Bahram Qasemi was quoted by Iranian media as having said that the Iranian minister would review issues of mutual interest with a special focus on expansion of economic and trade relations between the two neighbours.


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