Islamabad, Tehran sign protocols, eye $10bn trade

Pakistan and Iran have signed a series of crucial protocols aimed at dismantling tariff and non-tariff barriers, expanding electricity exchanges, and strengthening communication channels to increase bilateral trade volume significantly. The protocols were signed at the conclusion of the Pakistan-Iran Joint Economic Commission (JEC) held in Tehran. Pakistan’s Commerce Minister Jam Kamal Khan and Iran’s Minister for Roads and Urban Development Farzaneh Sadeq led their respective delegations during the signing ceremony. An official announcement of the commerce ministry released on Wednesday said that the signing of the protocols will help achieve a $10 billion trade target between the two countries. In a separate engagement, Mr Jam Kamal held talks with Iran’s First Vice President Mohammad-Reza Aref to advance bilateral trade cooperation. The meeting centred on removing trade barriers, exploring export-import opportunities, and strengthening regulatory alignment between the two countries.