{"id":81245,"date":"2021-11-08T17:38:29","date_gmt":"2021-11-08T12:38:29","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=81245"},"modified":"2021-11-09T16:48:27","modified_gmt":"2021-11-09T11:48:27","slug":"pakistan-iran-trade-usd-5-bn-5-yrs","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/pakistan-iran-trade-usd-5-bn-5-yrs.html","title":{"rendered":"Pakistan, Iran to enhance trade to USD 5 bn in 5 yrs"},"content":{"rendered":"\n<p>Islamabad: The officials of Pakistan and Iran on Saturday (November 06) have reached an agreement to raise bilateral trade volume to USD 5 billion over the next five years, according to news sources.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/work-underway-road-project.html\" target=\"_blank\" rel=\"noreferrer noopener\">Work underway on road project to promote tourism in KP\u2019s Siran Valley<\/a><\/p>\n\n\n\n<p>As per a joint statement published by the delegates on their visit to Iran, both countries expressed intent to expand collaboration in a variety of fields to develop <a href=\"https:\/\/www.zameen.com\/news\/sindh-cm-iranian-governor-sign-mou-for-trade-expansion.html\" data-type=\"post\" data-id=\"53543\" target=\"_blank\" rel=\"noreferrer noopener\">commercial opportunities and bilateral trade<\/a>.\u00a0 According to the details, during the ninth meeting of the Iran-Pakistan Joint Trade Committee, the two countries decided that all barriers to hinder free trade will be removed in the next three months and industries will be identified where cooperation may be enhanced. On the occasion, Advisor to the Prime Minister on Commerce Abdul Razak Dawood stated that Pakistan and Iran have <a href=\"https:\/\/www.zameen.com\/news\/tccima-for-enhanced-trade-between-iran-pakistan.html\" data-type=\"post\" data-id=\"62072\" target=\"_blank\" rel=\"noreferrer noopener\">agreed to barter trade in rice<\/a>, build border markets, transit Pakistani trucks under TIR, and cooperate in customs. <\/p>\n\n\n\n<p> <strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/iran-china-trade-to-strengthen-cpec-gwadar-mushahid.html\" target=\"_blank\" rel=\"noreferrer noopener\">Iran, China trade to strengthen CPEC, Gwadar: Mushahid<\/a><\/p>\n\n\n\n<p>In addition to this, the Iranian Minister of Industry, Mines and Trade Reza Fatemi Amin said that both countries would explore cooperation in the areas of home appliances and dairy. It is worth noting that Pakistan and Iran signed a Preferential Trade Agreement (PTA) in 2006 to reach USD 5 billion in trade by 2021. However, due to a lack of banking channels and other issues, the trade could only reach USD 360 million.\u00a0\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The officials of Pakistan and Iran on Saturday (November 06) have reached an agreement to raise bilateral trade volume to USD 5 billion over the next five years, according to news sources. Read: Work underway on road project to promote tourism in KP\u2019s Siran Valley As per a joint statement published by the delegates on their visit to Iran, both countries expressed intent to expand collaboration in a variety of fields to develop commercial opportunities and bilateral trade.\u00a0 According to the details, during the ninth meeting of the Iran-Pakistan Joint Trade Committee, the two countries decided that all barriers to hinder free trade will be removed in the next three months and industries will be identified where cooperation may be enhanced. On the occasion, Advisor to the Prime Minister on Commerce Abdul Razak Dawood stated that Pakistan and Iran have agreed to barter trade in rice, build border markets, transit Pakistani trucks under TIR, and cooperate in customs. Read: Iran, China trade to strengthen CPEC, Gwadar: Mushahid In addition to this, the Iranian Minister of Industry, Mines and Trade Reza Fatemi Amin said that both countries would explore cooperation in the areas of home appliances and dairy. It is&hellip;<\/p>\n","protected":false},"author":84,"featured_media":62073,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15153],"tags":[49377,49378],"persona":[],"class_list":{"0":"post-81245","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-trade","8":"tag-pakistan-and-iran-to-enhance-trade-to-usd-5-bn-in-5-yrs","9":"tag-pakistan-iran-trade","10":"cat-15153-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pakistan, Iran to enhance trade to USD 5 bn in 5 yrs - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The officials of Pakistan and Iran on Saturday (November 06) have reached an agreement to raise bilateral trade volume to USD 5 billion over\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/pakistan-iran-trade-usd-5-bn-5-yrs.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pakistan, Iran to enhance trade to USD 5 bn in 5 yrs - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The officials of Pakistan and Iran on Saturday (November 06) have reached an agreement to raise bilateral trade volume to USD 5 billion over\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/pakistan-iran-trade-usd-5-bn-5-yrs.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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