ISLAMABAD: Pakistan and Iraq on Tuesday signed a memorandum of understanding (MoU) for the provision of workforce between the two countries while agreeing to strengthen industrial collaboration, according to an official statement.
The MoU was part of the 9th session of the Pakistan-Iraq Joint Ministerial Commission (JMC), which was historic for being the first such interaction held since the last meeting in Islamabad over two decades ago in 2001.
Federal Minister for Commerce Jam Kamal Khan arrived in Baghdad a day earlier to lead his country’s delegation at the talks and was received by Iraq’s Minister for Housing and Construction Bangen Rekani at the Baghdad International Airport.
“The purpose of the JMC was to enhance economic, trade and cultural ties, which culminated in the signing of several key memorandums of understanding, including an agreement on the provision of workforce between the two countries,” the statement said.
During the meeting, both sides explored avenues for collaboration in various sectors. Religious tourism emerged as a key area of interest, while discussions also highlighted opportunities for industrial cooperation, particularly in export processing zones and fields such as textiles, pharmaceuticals and agriculture.
Health and education partnerships were emphasized as well, with plans for scholarships for Iraqi students and training programs in health care, vaccine production and biotechnology.
Speaking at the signing ceremony, the Pakistani minister reaffirmed his country’s commitment to deepening its ties with Iraq.
“The economic potential between Pakistan and Iraq is immense, and today’s agreements provide a roadmap for achieving our shared goals,” he said.
The minister highlighted reforms introduced in Pakistan to attract foreign investment and urged Iraq to ease visa restrictions for traders from his country to promote bilateral trade and cultural exchanges.
He expressed optimism the decisions made during the JMC would pave the way for significant progress in bilateral trade, investment and cultural exchanges.
Khan also invited Iraq to participate in the 10th session of the ministerial commission in Pakistan to review progress and plan future initiatives.

ISLAMABAD: A landmark agreement to establish a joint business council was signed with Bangladesh on Tuesday, marking a “milestone” in efforts to enhance trade and economic cooperation between between the two states, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) said.
Both countries share a complicated history, having once been a single entity known as East and West Pakistan until Bangladesh gained independence in 1971 following a war of liberation backed by India, Pakistan’s arch-rival.
Relations reached a new low in 2016 when Bangladesh executed several Jamaat-e-Islami leaders for alleged war crimes during the 1971 conflict, a move Pakistan condemned as “politically motivated,” saying the executions targeted individuals with a pro-Pakistan stance during the war.
Ties have warmed in recent months after former Prime Minister Sheikh Hasina was ousted last year following violent student-led protests. Her subsequent flight to India strained Dhaka’s relations with New Delhi, with Dhaka repeatedly demanding her extradition.
“The establishment of the Pakistan-Bangladesh Business Council is a milestone for trade relations between the two countries,” FPCCI President Atif Ikram Sheikh said after signing an agreement to that effect with representatives of the Administrative Federation of the Bangladesh Chamber of Commerce.
During the visit, the FPCCI chief led a Pakistani business delegation that held meetings with their counterparts in Bangladesh to discuss ways to enhance trade ties.
Speaking at a business forum hosted by the Bangladesh Chamber of Commerce and Industry, he also praised Bangladesh as a major economic power in South Asia.
“Strengthening trade relations requires mutual cooperation between the business communities of both nations,” Sheikh said, emphasizing the need to address key issues such as air connectivity, visa facilitation and prioritizing trade partnerships.
“There are vast opportunities for collaboration in agriculture, education, textiles and other sectors. The large populations of both countries should not be seen as a challenge but as an opportunity to drive economic growth,” he added.
Sheikh also reiterated his commitment to keeping the council active and fostering stronger links between the business communities of both nations.
The Trade Corporation of Pakistan also signed a memorandum of understanding for rice export to Bangladesh on Tuesday.
Pakistan’s Deputy Prime Minister Ishaq Dar is also scheduled to visit Dhaka in the beginning of February to further consolidate the relations between the two countries.