Iran has decided to significantly expand trade with Pakistan following the ceasefire with the United States.
A second major Iranian trade delegation in two months visited the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and signed agreements for LPG storage and investment.
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According to FPCCI leader Muhammad Ali Haider, the agreements were signed during the visit. The Iranian delegation included mining investors and rice importers, among others.
The goal is to increase Pakistan-Iran trade to $10 billion following the complete ceasefire.
Source and verification
The trade expansion is based on the visit to the Federation of Pakistan Chambers of Commerce and Industry and the agreements announced there. Implementation will depend on later commercial steps.
Why it matters
Expanded trade could affect energy supplies, investment and economic ties between Iran and Pakistan.
Last Updated on 2 weeks ago by The Voice of Ummah Editorial Team
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