Pak-Iran bilateral trade can be increased up to $5b: Iranian envoy
Ambassador of Iran to Pakistan Dr Reza Amiri Moghadam has said that due to strong economic and trade integration between Pakistan and Iran, bilateral trade can be increased up to $5 billion a year in the coming few years.
There is a strong possibility of doubling the bilateral trade between the two countries through air, rail and maritime integration, which will prove to be a catalyst in regional and global trade as well, he said while addressing the business community in Islamabad.
The ambassador said that Pakistan and Iran were geo-strategically very important countries located at the junction of Middle East, South Asia and Central Asia. Therefore, the land and sea integration of both countries is of great importance in the world of Geo- economy, said a press release issued, he said. The Iranian envoy said that in order to further improve transit trade between Pakistan and Iran, 12 border trade markets had been opened, in which 6 border markets had been completed and others are in progress, which would usher in a new era of economic integration in both countries.
