Pakistan - Iran bilateral trade to be enhanced to $5 billions
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ISLAMABAD: (APP): Advisor to the Prime Minister on Foreign Affairs Sartaj Aziz Monday informed the National Assembly that volume of bilateral trade between Pakistan and Iran would reach $5 billion in coming years.
Responding a question, he said Pak-Iran trade volume was around $1.6 billion annually before international sanctions on Iran, which was reduced to $300 million.
READ MORE: Pakistan-Iran banking relations strengthened
He said during the meeting between Prime Minister Muhammad Nawaz Sharif and the Iranian President it was agreed to enhance the trade between two countries.
READ MORE: Pakistan – Iran Free Trade Agreement on cards
Banking system between Iran and Pakistan had become functional while work on Pakistan-Iran gas pipeline had also started, he added.
