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Cabinet officials

Pakistan and Iran Strengthen Economic Ties at Joint Economic Commission Meeting

Strategic Insights

— 1 min read

The 22nd meeting of the Joint Economic Commission between Pakistan and Iran was formally inaugurated by Federal Minister for Commerce Jam Kamal Khan and Minister of Roads and Urban Development Farzaneh Sadegh in Tehran, with a focus on enhancing trade volume and regional connectivity. The Pakistani minister emphasized the importance of the private sector and chambers of commerce in driving trade growth, while the Iranian minister highlighted the potential benefits of cooperation in services, agriculture, and scientific research. Both leaders acknowledged the potential for mutual benefits in water management, disaster management, and environmental change.

Key Takeaways:

  • Pakistan attaches high value to its relations with Iran, with trade and investment being the core of its trade policy.
  • The Pakistani government is committed to supporting and facilitating the private sector to do business with Iran.
  • The two countries can benefit from experiences in water management, disaster management, and environmental change.
  • The Joint Economic Commission aims to enhance trade volume through regional connectivity through roads, rail, maritime, and air.
  • The private sector and chambers of commerce are expected to play an active role in driving trade growth.
  • Iran has suggested steps to ease business, visa facilitations, border markets, and the banking sector.
  • The two leaders emphasized the potential for cooperation in services, agriculture, and scientific research.
  • The materialization of regional connectivity projects can create job opportunities and economic activities.

Statistics:

  • Pakistan and Iran agreed to enhance trade volume through regional connectivity.
  • The two countries have the potential to benefit from each other's experiences in water management, disaster management, and environmental change.
  • The Pakistani government has committed to supporting the private sector to do business with Iran.
  • The Joint Economic Commission aims to facilitate trade growth through regional connectivity.

Sources:

  • "Tehran -- Jam Kamal Khan, Federal Minister for Commerce Islamic Republic of Pakistan and Farzaneh Sadegh , Minister of Roads and Urban Development Islamic Republic of Iran formally inaugurated the 22nd meeting of Joint Economic Commission between Pakistan and Iran at Tehran."

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