Iranian Foreign Minister Javad Zarif on Monday vowed to increase his country's trade with Pakistan to 5 billion US dollars by 2021, as the current trade volume is around 1.16 billion USA dollars between the two neighbors.
This was decided in a meeting between Pakistan's Foreign Minister Khawaja Asif and his Iranian counterpart Javad Zarif who is on an official visit here. He said the mutual efforts of the two countries had resulted into enhanced economic and people-to-people interaction, which should be further strengthened.
Zarif added that the Islamic Republic also seeks to promote its banking relations with Pakistan and boost preferred tariffs levied on traded goods.
Iranian Foreign Minister Mohammad Javad Zarif along with a 30-member trade delegation, from the country's economic and trade sectors, attended the joint business forum to explore areas of mutual economic cooperation.
Pakistani media quoted Zarif as saying that Iran's territory will not be used against Pakistan.
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Prime Minister Shahid Khaqan Abbasi on Monday expressed his commitment to work to resolve the issues in the implementation of Iran-Pakistan (IP) gas pipeline project including the financing of pipeline infrastructure and the scope of snapback clause.
The two ministers also exchanged views on important developments on regional and global peace and security.
Iranian Foreign Minister Mohammad Javad Zarif (4th L) and Pakistani Interior Minister Ahsan Iqbal (4th R) meet in Islamabad on March 12, 2018.
Pakistani Foreign Ministry spokesman Mohammad Faisal said Zarif's visit was "part of regular bilateral political consultations held between both sides".