US Edition
Pakistan, Iran Set $8bn Annual Trade Target in Bid to Deepen Bilateral Ties
ISLAMABAD CAPITAL TERRITORY, PAKISTAN, AUG 3 – Pakistan and Iran signed multiple memorandums of understanding to enhance cooperation in trade, security, and infrastructure, targeting an increase from $3 billion to $10 billion in annual trade.
- On August 3, 2025, Iranian President Masoud Pezeshkian met his Pakistani counterpart Asif Ali Zardari at Aiwan-e-Sadr in Islamabad during a two-day state visit to hold bilateral talks.
- Aiming for security and economic integration, Prime Minister Shehbaz Sharif and Pezeshkian agreed to increase cooperation to combat militancy and expand trade.
- According to state-run Radio Pakistan, Pakistan and Iran exchanged 12 agreements and MoUs covering trade, agriculture, science, technology, culture, tourism, climate, and maritime safety.
- On Sunday, Sharif and Pezeshkian called for an immediate ceasefire in Gaza and an end to Israel's "expansionist agenda".
- Looking ahead to the Ministerial Conference, Pakistani Minister Abdul Aleem Khan invited Iran and noted significant progress on the Free Trade Agreement.
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Coverage Details
Total News Sources18
Leaning Left2Leaning Right4Center1Last UpdatedBias Distribution57% Right
Bias Distribution
- 57% of the sources lean Right
57% Right
L 29%
14%
R 57%
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