TEHRAN Iran exported non-oil products valued at $1.7 billion to Pakistan during the first nine months of the current Iranian fiscal year (March 20-Decemebr 21, 2024), the head of the Islamic Republic of Iran Customs Administration (IRICA) announced.Foroud Asgari stated that Pakistan was Irans 6th top export location in the mentioned nine-month period.Foroud Asgari stated that Pakistan was Irans 6th top export destination in the pointed out nine-month period.In a conference in between Head of the Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) Samad Hassanzadeh and Pakistani Ambassador to Iran Muhammad Mudassir Tipu in Tehran in late June 2024, the authorities stressed the need for Iran and Pakistan to exercise barter trade and open market to emerge a $10 billion trade target.Also, during a conference in between Irans Industry, Mining, and Trade Minister Mohammad Atabak and Pakistans Federal Minister for Commerce Jam Kamal Khan in mid-October 2024, the two sides discussed trade ties between the two countries, with both concurring that economic exchanges should be promoted further.The two ministers met in Pakistans capital Islamabad on the sidelines of the 23rd meeting of the Council of Heads of Government of the Shanghai Cooperation Organization (SCO).
Atabak informed IRNA that he and the Pakistani minister discussed trade ties in between the 2 countries and agreed to hold further talks in order to explore ways to get rid of challenges to the promotion of bilateral trade.Considering the historic and cultural commonness of the 2 nations, we must take benefit of the strong potentials to expand trade exchanges in between Iran and Pakistan, the minister stated.He mentioned that the current amount of trade exchanges in between the two countries is not acceptable from the point of view of both Iran and Pakistan, and considering the strong relations and typical links of the 2 countries, the 2 sides are positive that they will be able to increase the volume of trade exchanges numerous times.The Pakistani minister spoke with IRNA.
He explained his talks with the Iranian minister as positive, adding, We had good talks with my Iranian equivalent and reached positive arrangements, and we believe that there are many staying tasks that the 2 countries are figured out to pursue.In mid-July 2024, the 11th meeting of the Joint Border Trade Committee of Iran and Pakistan opened in the southeastern Iranian city of Zahedan, where the 2 sides pursue the increase of bilateral trade to $10 billion per annum.Pakistans Ambassador to Iran Muhammad Mudassir Tipu, who participates in the conference online, announced that Iranian and Pakistani delegations are set up to discuss the system to increase mutual trade.Irans consul general in Quetta, Pakistans consul general in Zahedan, and other senior officials of Sistan-Baluchestan province took part in the meeting.Such joint meetings are held to lead the way for evaluating obstacles, getting rid of barriers, and developing trade and economic relations in between the 2 friendly and nearby countries.The two sides make the necessary coordination to help enhance trade and financial ties, exchange financial delegations, organize joint exhibits, bring in bilateral financial investment, and develop joint industrial centers and retail markets.The head of the Pakistani delegation to the 11th meeting of the Joint Border Trade Committee said that Islamabad highly supports the advancement of joint markets and investment, which can increase the level of trust between the two nations.Irfan Javed added that Pakistan likewise calls for cooperation in the field of transport due to the fact that it can impact the livelihood of individuals who are residing in border regions.The deputy organizer of financial affairs of Sistan-Baluchestan governors office said that Iran is keen on expanding trade exchanges with Pakistan.Davoud Shahraki included that the relationship in between the 2 countries is historical and long-standing.
Increasing non-oil exports to the neighboring nations is one of the major plans that the Iranian federal government has been pursuing in current years.Iran shares land or water borders with 15 nations namely UAE, Afghanistan, Armenia, Azerbaijan, Bahrain, Iraq, Kuwait, Kazakhstan, Oman, Pakistan, Qatar, Russia, Turkey, Turkmenistan, and Saudi Arabia.MA