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Iran to increase trade to $5 bn with Pakistan

IANS  |  Islamabad 

Iranian Javad on Monday vowed to increase his country's trade with to $5 billion by 2021, as the current trade volume is around $1.16 billion between the two neighbours.

made the remarks during his meeting with Pakistani here, said a statement by the Efforts for strengthening of bilateral relations and issues related to peace and security in the region were also discussed.

The Iranian Foreign Minister, leading a 30-member delegation, arrived in late on Sunday on a three-day official visit for talks on regional issues and literal matters.

He said that mutual efforts of the two countries have resulted into enhanced economic and people-to-people interaction, which should be further strengthened.

For his part, Abbasi expressed Pakistan's desire to enhance mutually beneficial economic cooperation with including bilateral trade, investments and commercial interaction, according to the statement.

Abbasi also emphasized the need to deepen connectivity to harness benefits from regional economic integration.

also expressed his commitment to work to resolve the issues in implementation of Iran-Gas Pipeline Project, including the financing of and the scope of snap back clause.

The Iranian is visiting for bilateral consultations and during this visit, he is also expected to interact with relevant Pakistani ministers and senior civil and military officials.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, March 12 2018. 22:44 IST