Pakistan and Iran Aim for $10 Billion Trade Target
Pakistan and Iran reaffirmed their commitment to increase bilateral trade to $10 billion during the 10th Pakistan-Iran Joint Trade Committee meeting in Islamabad.
The governments of Pakistan and Iran reaffirmed their goal to increase bilateral trade to $10 billion during the 10th Pakistan-Iran Joint Trade Committee meeting in Islamabad on August 4, 2026. Co-chaired by Pakistani Commerce Minister Jam Kamal Khan and Iranian Minister of Industry, Mine and Trade Mohammad Atabak, the discussions centered on accelerating a Free Trade Agreement (FTA) and enhancing logistics via the ports of Karachi and Gwadar.
Khan called for the removal of customs and border logistics barriers, proposing the creation of electronic data interchange systems and joint border markets to streamline cargo movement. Atabak identified electricity trade and regional connectivity as essential drivers for economic growth, describing Pakistan as a long-term strategic trading partner.
The meeting included a delegation of 22 Iranian officials and 16 business representatives from the Iran Chamber of Commerce, Industries, Mines and Agriculture. These representatives focused on expanding private-sector engagement across the energy, manufacturing, and agribusiness sectors.
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