Pak, Iran sign MoU setting bilateral trade target to $10b

ISLAMABAD: Pakistan and Iran have signed a Memorandum of Understanding (MoU), setting a bilateral trade goal of ten billion dollars.

The agreement was formalized during a high-level meeting between the Federation of Pakistan Chambers of Commerce and Industry and Iran’s Mashhad Chamber of Commerce and Industry.

During the discussions, Iran also committed to lowering business visa fees and enhancing trade facilitation for Pakistan.Pakistan approves 20 new trade posts in China

Bilateral trade between the two nations saw growth in the last fiscal year, reaching 2.8 billion dollars.

With the support of the Special Investment Facilitation Council, the business climate in Pakistan is improving, creating new opportunities for trade and investment.