Pakistan-Iran Trade Exchanges Exceed $2bn

Date: 19 April 2023 - 21:59

News ID: ۱۱۴۱۷۵

TEHRAN – The Iranian
Ambassador to Islamabad Seyed Muhammad Ali Husseini said on Wednesday that the value of trade exchanges between Iran and Pakistan surpassed $2 billion for the first time in the history of bilateral relations.
Speaking in his meeting with Pakistan’s Federal Minister for Economic Affairs Sardar Ayaz Sadiq in Islamabad, Husseini put the value of trade exchanges in 2022 at over $2 billion.
During the meeting, the outgoing envoy stated that Iran is starting and/or implementing many projects in the field of power transmission lines, border marketplaces and also other projects in Pakistan, which would be completed in the very near future.
Presently, 144-megawatt of electricity is exported from the Islamic Republic of Iran to neighboring Pakistan, he said, adding that the figure would double in coming years.
While appreciating the hospitality and unsparing support of Pakistan in the course of his diplomatic mission, Husseini emphasized the commitment of Iran to further promote trade and economic relations between the two countries.
He assured that the next Iranian envoy to Pakistan will make his utmost effort to boost the relations between the two countries.
The Pakistani Minister for Economic Affairs, for his turn, hailed the unflinching efforts of Husseini for the promotion and expansion of relations between the two neighboring states in various fields and added that Pakistan attaches great importance to its relations with Iran as a friendly neighbor.
Pakistan is seeking to take advantage of the capacities of bilateral cooperation with Iran in the best form possible, Sardar Ayaz Sadiq added.