Iran and Pakistan have decided to increase the trade volume between the two countries to $10 billion, Iranian President Ebrahim Raisi said on Monday, adding that the existing volume was “not acceptable”.
Raisi — who is currently on a three-day visit to Pakistan — made the remarks during a joint press conference alongside Prime Minister Shehbaz Sharif after the two held a meeting in Islamabad. The visit is the first of its kind by any head of state after the February 8 general elections.
“We are committed to strengthening relations at high levels. […] Economic and trade volume between Iran and Pakistan is not acceptable at all. We have decided as a first step to increase the trade volume between our two countries to $10bn,” he said
At the outset of his address, the Iranian president “warmly thanked” PM Shehbaz and the Pakistani government for welcoming him and sent his greetings to the Pakistanis who “come to the streets […] and call for the freedom of Al Quds Al Sharif (Jerusalem)”.
He highlighted that there were “some common faith and religions which are inter-connected and no one can disconnect them”. The president also asserted that exchanging “potentials and capabilities” that existed in both countries would serve the interests of the two nations.
Speaking about the meeting with PM Shehbaz, Raisi said the two had decided to promote bilateral relations at “political, economic, trade [and] cultural” levels.
Noting that there were a “number of common positions and stands” between Iran and Pakistan on terrorism, Raisi said: “Both countries are determined to fight against terrorism, organised crime, narcotics and different forms and manifestations of insecurity which endanger our two countries and at the same time the region.
“Probably, you can find some individuals who do not favour expansion and promotion of good bilateral relations between Iran and Pakistan but who cares? It is not important.”
Recalling his and PM Shehbaz’s visit to the Mand-Pishin border market for its inauguration, Raisi noted “some steps had been taken” but termed them “not sufficient” and stressed the need for further action in this regard.
“The great people of Iran changed the illegal and unfair sanctions imposed against my country into an opportunity […] Today, Iran is a great instance of development and technology and we register our readiness in order to share and transfer our expertise and our knowledge in this regard with the great people of Pakistan,” the president said
Meanwhile, PM Shehbaz called for strengthening Pak-Iran ties despite challenges: “We have to keep this relationship strong despite the challenges we both face.”
The premier said that the two leaders had detailed discussions on “religious, cultural, diplomatic, investment and security matters” during their meeting.
The prime minister praised Raisi as an “ocean of political intelligence and wisdom”, adding that Iran would progress further under his leadership.
Highlighting that it was time to make the relationship between the two countries “stable”, PM Shehbaz expressed hope that the shared borders could be transformed into areas “where business, progress and prosperity is seen everywhere”.
He emphasised that today was an opportunity to “turn this friendship […] into a sea of development and prosperity”.
The prime minister praised Raisi for Iran’s “strong stance” on the ongoing Israeli offensive on Gaza, which has killed more than 34,000 Palestinians and has entered its seventh month. “The [United Nations] Security Council resolution is being shredded to bits and the entire world is silent,” he said.
PM Shehbaz also highlighted the plight of those in Indian-occupied Kashmir, appreciating the Iranian president for voicing support for them.
The premier thanked Raisi for visiting his “second home” and said that the ties between both countries would further strengthen as a result of his visit.
In their meeting, PM Shehbaz and Raisi agreed on joint efforts to eradicate terrorism, state-run Radio Pakistan reported. The two leaders also held discussions to increase trade and communication links between their countries, the report added.
PM Shehbaz was quoted as saying that the entire nation welcomed the Iranian president’s visit while Raisi expressed gratitude to the premier for the warm welcome accorded to him, Radio Pakistan said.
Earlier, Foreign Minister Ishaq Dar called on the Iranian president in Islamabad, where they discussed bilateral relations as well as regional and global developments, Radio Pakistan reported.
Raisi and Dar “emphasised the importance of enhanced efforts to further consolidate bilateral relations in diverse fields”, the report said, adding that the two leaders also “affirmed commitment to peace and constructive dialogue for resolving regional challenges”.
The Foreign Office (FO) had stated earlier that Raisi would visit Lahore and Karachi and meet with the provincial leadership
Raisi arrived at the Islamabad airport earlier today and was received by Housing Minister Mian Riaz Hussain Pirzada and Pakistan’s Ambassador to Iran Mudassir Tipu.
“The Iranian president is accompanied by his spouse and a high-level delegation comprising the foreign minister and other members of the cabinet and senior officials,” the FO said.
Iran’s news agency IRNA said that Raisi’s visit was taking place at the invitation of President Asif Ali Zardari.
The Iranian president arrived in the federal capital with his spouse, a high-level delegation of cabinet members and a team of businesspersons. He was welcomed at the Islamabad Airport by Pakistan’s Federal Minister for Housing and Works Mian Riaz Hussain Pirzada and Pakistan’s Ambassador to Iran Mudassir Tipu.
Raisi’s visit takes place days after Iran and Israel exchanged drone and missile strikes, escalating tensions in the already volatile Middle East.
“Prime Minister Shehbaz Sharif and Iran’s President Ebrahim Raisi will meet at the Prime Minister’s House,” Sharif’s office said in a statement. “A round of delegation-level talks between Pakistan and Iran will also be held.”
The PMO said Sharif and Raisi would take part in a ceremony where several MoUs between the two countries would be signed.
During his visit from April 22-24, the Iranian head of state is scheduled to meet Pakistan’s prime minister, president, Senate chairman and National Assembly speaker, the foreign office said in a statement on Friday, adding that he would also visit Karachi and Lahore cities to meet the country’s provincial leadership.
Raisi’s visit will is the first by any head of state to Pakistan after the contentious elections of February 2024.
Pakistan and Iran are often at odds with each other over instability on their shared porous border, with both countries routinely trading blame for not rooting out militancy.
Tensions surged in January when Pakistan and Iran exchanged airstrikes, both claiming to target alleged militant hideouts in each other’s countries. Both sides have since then undertaken peace overtures and restored bilateral ties.
“The two sides will have a wide-ranging agenda to further strengthen Pakistan-Iran ties and enhance cooperation in diverse fields including trade, connectivity, energy, agriculture, and people-to-people contacts,” the foreign office said.
Discussions would also focus on regional and global developments as well as bilateral cooperation to combat “terrorism,” the statement added.
“Pakistan and Iran enjoy strong bilateral ties anchored in history, culture and religion,” the foreign office said. “This visit provides an important opportunity to further strengthen Pakistan-Iran relations.”
