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Pakistan and Iran Raise Trade Goal to $10 Billion and Bolster Nuclear and Security Ties

Pakistan’s endorsement of Iran’s peaceful nuclear rights underscores a diplomatic rapprochement; fresh agreements span trade, technology, security, border management

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Overview

  • Leaders agreed to boost annual bilateral trade from USD 3 billion to USD 10 billion to deepen economic integration
  • Pakistan formally backed Iran’s right to develop nuclear energy for civilian purposes under the UN charter
  • Twelve memorandums of understanding were exchanged covering agriculture, science, innovation, culture and maritime safety
  • Both governments pledged to intensify joint counter-terrorism operations and improve border management against militancy
  • President Pezeshkian highlighted plans to integrate Iran into the China-Pakistan Economic Corridor as a transit link to European markets