Monday, May 20, 2024

Iranian President Sets Sights on $10 Billion Bilateral Trade with Pakistan

President Raisi’s visit to Pakistan signifies the deep-rooted ties between the two neighboring Islamic nations. Describing Pakistan as a “brotherly Islamic country,” Raisi highlights the historical and cultural bonds that unite Iran and Pakistan. These ties extend beyond mere governmental relations to include strong people-to-people connections, fostering mutual understanding and cooperation.

During his visit, President Raisi will engage in high-level meetings with key Pakistani officials, including President Asif Ali Zardari, Chairman Senate Syed Yusuf Raza Gilani, Speaker National Assembly Sardar Ayaz Sadiq, and Chief of Army Staff General Asim Munir. Additionally, he will travel to Lahore and Karachi for discussions with provincial leaders, underlining the significance of engaging with leaders at both the federal and provincial levels.

President Raisi’s agenda encompasses a wide array of topics, from security to economic and trade matters. He aims to bolster bilateral trade between Iran and Pakistan, setting a target of $10 billion, thereby providing Islamabad with opportunities to tap into the Iranian market. This reflects a commitment to enhancing economic cooperation and leveraging each other’s strengths for mutual benefit.

Furthermore, Raisi emphasizes the convergence of interests between Islamabad and Tehran on various global issues, such as counterterrorism efforts and the human rights situation in Palestine. This underscores the shared commitment to addressing common challenges and advancing shared values on the international stage.

Accompanying President Raisi is a high-level delegation, including his spouse, the foreign minister, other cabinet members, senior officials, and a sizable business delegation. This underscores the comprehensive nature of the visit, spanning diplomatic, economic, and cultural dimensions, and underscores Iran’s commitment to strengthening its relations with Pakistan across multiple fronts.

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