Pakistan, Iran Agree to Increase Bilateral Trade Volume to $10b

Mon Apr 22 2024
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ISLAMABAD: Pakistan and Iran on Monday have agreed to increase the volume of bilateral trade to 10 billion dollars in next five years. The understanding to this effect reached during a meeting between Pakistan’s Prime Minister Muhammad Shehbaz Sharif and Iranian President Dr. Seyyed Ebrahim Raisi in Islamabad. The Ministers and senior officials of Pakistan and Iran were present in the meeting.  

During the meeting, the two leaders discussed the entire range of bilateral ties and exchanged views on important global and regional developments.

Underscoring the rich history of ties between Pakistan and Iran, PM Shehbaz and President Raisi reaffirmed their commitment to expand wide-ranging bilateral cooperation, particularly in the areas of trade, connectivity, culture, energy and people-to-people contacts. Both leaders also agreed to cooperate in developing joint approaches to confront common challenges including the threat of terrorism.

During the meeting, PM Shehbaz and President Raisi expressed strong and unequivocal condemnation of the indiscriminate use of force by Israeli occupation authorities in the besieged Gaza Strip for over seven months.

The two leaders reiterated the call for international efforts to an immediate and unconditional ceasefire, lifting of the siege and humanitarian relief to the Palestinian people of Gaza.

Prime Minister Shehbaz Sharif lauded the Iranian leadership, especially Supreme Leader Ayatollah Ali Khamenei, for Iran’s unequivocal and principled support for the Kashmiri people and their legitimate rights.

 

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