During a meeting in Karachi focused on enhancing private-sector cooperation and cross-border trade, Iranian and Pakistani business representatives agreed to establish a joint trade committee and work towards increasing bilateral trade to $10 billion.
The discussions were held between Iran’s consul general in Karachi, Akbar Issa Zadeh, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), and a delegation from Iran’s Qazvin Chamber of Commerce, The Caspian Post reports citing Iranian media.
The meeting focused on expanding commercial ties, identifying opportunities for joint investment in key sectors and addressing challenges hindering the growth of economic relations between the two neighboring countries.
FPCCI President Atif Ikram Sheikh, along with senior federation officials and sectoral representatives, underlined the importance of sustained efforts to raise bilateral trade volumes, stressing that both sides should capitalize on existing economic potential to reach the $10 billion target.
Participants discussed practical measures to deepen cooperation between the private sectors of Iran and Pakistan, with particular emphasis on increasing joint investments and strengthening industrial and economic partnerships.
Business leaders highlighted the need for continued support for entrepreneurs, streamlined legal and administrative procedures, and improved trade facilitation mechanisms to accelerate commercial exchanges.
Chambers of commerce were described as key drivers of economic relations, with participants reaffirming their readiness to actively follow up on joint projects and translate commitments into concrete outcomes.
The meeting also included separate talks between FPCCI officials and members of the Qazvin Chamber of Commerce and Industries, who are visiting Karachi to stage an exhibition showcasing the province’s manufacturing, commercial and export capabilities.
Private-sector representatives from both countries reviewed existing obstacles to trade and investment and stressed the need to establish a joint commercial committee to advance cooperation in strategic areas such as agriculture, petrochemicals, liquefied petroleum gas and energy.
Exchanges of business delegations and closer institutional cooperation between the chambers of commerce were identified as priorities for enhancing private-sector engagement and easing investment flows.
Participants said closer coordination between private-sector initiatives and economic diplomacy would be essential to sustaining momentum in Iran-Pakistan trade ties, adding that further meetings would be needed to develop and implement operational plans to achieve shared goals.
