Pak-Iran trade can be increased up to $5b: Iranian envoy

Ambassador of Iran to Pakistan, Dr. Reza Amiri Moghadam has said that  annual volume between Pakistan and Iran trade can be increased up to five billion dollars in the coming few years.

Addressing the business community in Islamabad the envoy said there is a strong possibility of doubling the bilateral trade activities through air, rail and maritime integration.

The Iranian Ambassador said that in order to further improve transit trade between Pakistan and Iran, 12 border trade markets are being   opened, out of which six  markets have been completed.

He said both CPEC and BRI mega projects are extremely important for Pakistan and Iran.

The Iranian Ambassador said that currently, Pakistan has a lot of trade potential in Iran in agriculture and industry.