Pakistan and Iran to Finalize Free Trade Agreement and Boost Border Markets

Pakistan and Iran have agreed to finalize a Free Trade Agreement (FTA) and activate border markets to increase bilateral trade.

High-Level Meetings in Iran

Federal Minister for Commerce Jam Kamal Khan is on a three-day visit to Iran. During his meeting with Seyyed Muhammad Atabak, Iran’s Minister of Industry, Mine and Trade, both sides discussed trade opportunities and regional cooperation.

Mr. Atabak welcomed the Pakistani delegation and expressed condolences over the recent floods in Pakistan.

Growing Trade Between Pakistan and Iran

Jam Kamal Khan highlighted that under Prime Minister Shehbaz Sharif’s vision, Pakistan is supporting the private sector to expand exports.

He noted that Pakistan’s rice and meat exports to Iran have already increased in recent months. Trade ties have also improved since Iranian President Dr. Pezeshkian’s visit to Pakistan.

“Our trade target of $10 billion is achievable through joint efforts and stronger people-to-people contact,” said Mr. Khan.

Iran’s Response

Mr. Atabak said President Pezeshkian’s visit showed Iran’s trust in Pakistan. He added that both countries are serious about reaching the $10 billion trade goal through continued cooperation.

Barter Trade and Connectivity

The ministers also discussed:

• Expanding barter trade opportunities.

• Strengthening road and rail links.

• Enhancing cooperation in port development.

Officials confirmed that tomorrow’s Joint Economic Commission (JEC) meeting will focus on solving issues that limit trade growth.

Current Trade Volume

Right now, trade between Pakistan and Iran stands at $3 billion. Both countries see this as encouraging but believe much more can be achieved with joint efforts.

📢 Bottom Line

Pakistan and Iran are moving closer to a formal trade partnership through the FTA and border markets. If successful, the plan could push trade to $10 billion, benefiting businesses and people on both sides.