Pak-Iran trade can go up by $5 billion: ambassador

Says land and sea integration of both countries is of great importance in world of geo-economy.

ISLAMABAD: Iran’s Ambassador to Pakistan Dr. Reza Amiri Moghadam on Sunday said trade between the two countries can be increased by up to five billion dollars a year.

In a statement issued after his meeting with the business community of Islamabad, Pakistan and Iran were geo-strategically very important countries located at the junction of Middle East, South Asia and Central Asia.  Therefore, the land and sea integration of both countries was of great importance in the world of geo-economy.

The ambassador said 12 border trade markets were being opened between Pakistan and Iran out of which six markets have been completed to further improve transit trade.

He said Gwadar and Chabahar were very important in maritime trade points and the two countries should declare these as coastal sister ports so that mutual economic development can be achieved jointly.

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