Iran for resumption of bilateral trade

Iran for resumption of bilateral trade

President Dr Hassan Rouhani called Prime Minister Imran Khan to exchange greetings and discuss resumption of bilateral trade between the two countries. The two sides stressed the need to reactivate borders and border markets and strengthen trade ties by following health guidelines.

Currently cargo traffc from Iran is allowed for 3 days in a week through five border crossings — Taftan, Gwadar, Turbat, Panjgur and Washuk. Pakistan’s exports to Iran, however, remain completely suspended.

Bilateral trade between the two countries is due to sanctions imposed by the US. Last year the volume of bilateral trade was $392 million.

Mr Khan welcomed the resumption of bilateral trade at the borders and hoped the move would be beneficial for both countries. The two sides also discussed the recent situation of COVID-19 and locust spread in the bordering areas of Pakistan and Iran.