Pakistan and Iran have signed a Memorandum of Understanding (MoU), setting a bilateral commerce goal to 10 billion {dollars}.
The MoU was signed throughout a high-level assembly between the Federation of Pakistan Chambers of Commerce and Trade and Iran’s Mashhad Chamber of Commerce and Trade.
Throughout the assembly, Iran additionally assured Pakistan of lowering enterprise visa charges and facilitating commerce actions.
The bilateral commerce between Iran and Pakistan additionally witnessed a rise over the past fiscal 12 months, touching to 2.8 billion {dollars}.
The enterprise atmosphere within the nation is enhancing with the help of the Particular Funding Facilitation Council, paving the way in which for brand new alternatives for commerce and funding.
Learn extra: Pakistan, Iran to boost commerce, cooperation in power and transport
Final 12 months, Ambassador of Iran to Pakistan Reza Amiri Moghadam paid a courtesy name on Prime Minister Muhammad Shehbaz Sharif to debate issues of mutual concern.
He underscored that Pakistan hooked up nice significance to Iran and the 2 nations loved historic and brotherly relations.
The prime minister fondly recalled his assembly with the Iranian President after they collectively inaugurated a border market and an electrical energy transmission line in Could 2023. The 2 leaders had additionally met on the sidelines of the SCO Summit in Samarkand in 2022.