Pakistan, Iran set $10bn trade target with new MoU

By MG News | February 26, 2025 at 11:54 AM GMT+05:00

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February 26, 2025 (MLN): Pakistan and Iran have signed a Memorandum of Understanding (MoU) to boost bilateral trade, setting a target of $10 billion.

The agreement was formalized during a high-level meeting between the Federation of Pakistan Chambers of Commerce and Industry and Iran’s Mashhad Chamber of Commerce and Industry.

As part of the discussions, Iran committed to lowering business visa fees and easing trade processes to strengthen economic ties.

Bilateral trade between the two countries has already seen growth, reaching $2.8bn in the last fiscal year.

Meanwhile, Pakistan’s business climate continues to improve with the support of the Special Investment Facilitation Council, creating new avenues for trade and investment.

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