Pakistan, Iran agree to increase bilateral trade to $10 billion, sign eight MoUs

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Pakistan Prime Minister Shehbaz Sharif and Iranian President Ebrahim Raisi witness signing of MoUs of cooperation in different fields between the two countries in Islamabad, Pakistan, on April 22, 2023. (Government of Pakistan)
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In this photo released by Prime Minister Office, Iranian President Ebrahim Raisi, left, walks with Pakistan's Prime Minister Shehbaz Sharif during a welcome ceremony in the prime minister house in Islamabad, Pakistan, on April 22, 2024. (AP)
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Updated 22 April 2024
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Pakistan, Iran agree to increase bilateral trade to $10 billion, sign eight MoUs

  • The signed agreements were related to the fields of trade, science and technology, agriculture, health, culture, and judicial matters
  • Ebrahim Raisi met Pakistan PM, president and army chief amid efforts by both neighbors to mend ties after this year’s tit-for-tat strikes

ISLAMABAD: Iranian President Ebrahim Raisi said on Monday Islamabad and Tehran had committed to strengthening bilateral relations across political, economic, trade, and cultural domains through the signing of eight accords and memorandums of agreement.

Raisi arrived in Islamabad on Monday on a three-day visit as the two Muslim neighbors seek to mend ties after unprecedented tit-for-tat military strikes this year. He is accompanied by his spouse and a high-level delegation of cabinet members and businesspersons.

The Iranian president was presented with a guard of honor by a Pakistan army contingent upon his arrival at the Prime Minister’s House. He subsequently held meetings with Foreign Minister Ishaq Dar and Prime Minister Shehbaz Sharif.

The MoUs and agreements cover different fields including trade, science technology, agriculture, health, culture, and judicial matters. They include an MoU on the establishment of the Rimdan-Gabd Joint Free/Special Zone; on cooperation between the Ministry of Cooperative Labour and Social Welfare of Iran and the Ministry of Overseas Pakistani and Human Resources Development of Pakistan; on judicial assistance and legal cooperation at the ministry levels; on cooperation for animal hygiene and health; on mutual recognition in the field of quarantine and phytosanitary; and on the promotion of culture and films.

The signing ceremony also marked the ratification of a security cooperation agreement between the governments of two countries.

“Today in our meeting with [Pakistani] prime minister, and other members of the respective cabinet, we decided to promote the bilateral relations between the two countries at political, economic, trade, culture, including others, at all levels as far as possible,” Raisi said at a joint press stakeout with Pakistani premier Sharif.

The Iranian President said both countries were committed to combating terrorism, organized crime, narcotics, and various forms of insecurity that threatened not only the neighbors but the wider region.

“There are a number of common positions and stance between our two countries when it comes, for instance, to fighting against terrorism,” he said, adding that Iran and Pakistan shared a lengthy common border, which presented an opportunity to create and bring about welfare for the people residing in border areas and regions.

“The economic and trade volume between Iran and Pakistan is not acceptable at all and we have decided at the first step to increase the trade volume between our two countries to $10 billion,” Raisi added.

Speaking at the press conference, Sharif said both countries collectively needed to work to strengthen bilateral relations, transforming their shared border into a “beacon of development and prosperity.”

“Today presents an opportunity to forge our friendship into a catalyst for progress and prosperity and the decisions made today regarding economic progress and connectivity will yield visible results,” the PM said.

He also commended the “resolute stance” taken by the Iranian nation against Israeli actions in Gaza, where 35,000 people have been killed in Israeli air and ground offensives since Oct. 7. Sharif called on Iran and Pakistan to unite at the OIC and other international forums alongside fellow Islamic nations to push for a complete ceasefire.

Later, the Iranian president met with his Pakistani counterpart, Asif Ali Zardari, at the Presidency in Islamabad, where the two leaders expressed deep commitment to the longstanding Pakistan-Iran relations. 

“They emphasized the need for further deepening and broadening of bilateral relations in diverse fields and for enhancing high-level dialogue and mutually beneficial cooperation,” the Pakistan presidency said in a statement.

In a meeting with Pakistan Army Chief General Asim Munir, both sides concurred on the necessity to bolster bilateral cooperation while jointly striving for regional stability and economic prosperity, according to the Pakistani military. The discussions primarily focused on matters of mutual interest, notably regional peace, stability, and border security.

“COAS (chief of army staff) described the Pak-Iran border as ‘the border of peace and friendship,’ emphasizing the need for improved coordination along the border to prevent terrorists from jeopardizing the longstanding brotherly relations between the two neighboring countries,” the Inter-Services Public Relations (ISPR), the military’s media wing, said in a statement.

“President Ebrahim Raisi emphasized that by fostering cooperation between the two Armed Forces, Pakistan and Iran can attain peace and stability for both nations and the region.”

Raisi also met Yusuf Raza Gillani, chairman of the Senate of Pakistan, and National Assembly Speaker Ayaz Sadiq.

“OFTEN AT ODDS”

During his visit from April 22-24, the Iranian head of state is also scheduled to meet the Pakistani president, Senate chairman and National Assembly speaker. He will also visit the cities of Karachi and Lahore to meet the country’s provincial leadership.

Raisi’s visit is the first by any head of state to Pakistan after the South Asian nation’s contentious elections of February 2024 and the formation of a new government headed by Sharif. The visit also comes as tensions are high in the Middle East after Iran launched airstrikes on Israel a week ago and Israel retaliated with its own attack on Friday.

Pakistan and Iran have had a history of rocky relations despite a number of commercial pacts, with Islamabad being historically closer to Saudi Arabia and the United States.

Their highest profile agreement is a stalled gas supply deal signed in 2010 to build a pipeline from Iran’s South Fars gas field to Pakistan’s southern provinces of Balochistan and Sindh.

Pakistan and Iran are also often at odds over instability on their shared porous border, with both countries routinely trading blame for not rooting out militancy.

Tensions surged in January when Pakistan and Iran exchanged airstrikes, both claiming to target alleged militant hideouts in each other’s countries. Both sides have since then undertaken peace overtures and restored bilateral ties.

Former diplomat Naghmana Hashmi said the Iranian President’s visit with a large delegation indicated that both countries had put aside “all sources of irritation,” particularly the recent border skirmishes.

“He is also visiting the commercial centers like Lahore and Karachi, which absolutely is a very clear signal that we want to take the economic relationship that the two countries have, to greater heights, and to increase the flow of trade, to encourage the barter trade and the border markets that we have recently established,” she told Arab News.

Hashmi added that both countries were important forces for peace and security in the region.

“At the time when Iran’s tension with the Israel is at its peak, for the president of Iran to come to Pakistan shows his confidence, both as a leader and as a nation, on us being a good neighbor and they consider Pakistan as their great friend,” she added.

Former Pakistani ambassador to Iran, Riffat Masood, said Raisi’s visit was important in the backdrop of recent hostilities between Israel and Iran.

“And, of course, when the leadership of the two countries meet, they will definitely discuss the way forward in trying to bring an end to or at least reduce the hostilities,” she told Arab News.

She said Raisi’s visit would also further enhance security and economic cooperation between Pakistan and Iran.

“The recent border issues are not expected to have a significant impact,” Masood said, “as both countries swiftly addressed them before any negative consequences could affect bilateral relations.”


Pakistan advises citizens in Gulf to exercise caution, avoid travel after Khamenei killing

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Pakistan advises citizens in Gulf to exercise caution, avoid travel after Khamenei killing

  • The 86-year-old was killed in an airstrike targeting his compound in downtown Tehran
  • Islamabad shares contacts of embassies and consulates to facilitate Pakistanis abroad

ISLAMABAD: Pakistan on Sunday warned its citizens in the Middle East and Arabian Gulf states to exercise caution, avoid travel and strictly follow official adviseries, amid escalating tensions following the killing of Iran’s Supreme Leader Ayatollah Ali Khamenei in US–Israeli strikes.

Iranian state media reported that the 86-year-old was killed in an airstrike targeting his compound in downtown Tehran. The Iranian Revolutionary Guard warned of “a severe, decisive and regret-inducing punishment” coming over Khamenei’s killing.

Israel and Iran traded new attacks Sunday, after Tehran hit both the Dubai International Airport — the world’s busiest for international traffic — and Kuwait’s main airport during its retaliatory strikes one day earlier.

As Iran’s army announced strikes targeting US bases in the Gulf and Iraqi Kurdistan, Trump threatened to unleash “force that has never been seen before” and urged Iran’s people to rise up and seize power.

“In view of the evolving regional situation, the Ministry of Foreign Affairs has activated its Crisis Management Unit (CMU) to closely monitor developments and extend all necessary assistance,” the Pakistani foreign office said.

“All Pakistani nationals residing in the Gulf region are strongly advised to exercise utmost caution, remain indoors where possible, avoid unnecessary travel, and strictly adhere to the instructions and adviseries issued by the respective host governments.”

It said the CMU, which is active around the clock, could be reached for information or emergency assistance at +92-51-9207887.

Similarly, the Foreign Office shared emergency contact details of Pakistani embassies and consulates for facilitation of Pakistani nationals abroad, which are as follows:

IRAN

Embassy of Pakistan, Tehran

+98-21-669413-88/89/90/91 (landline)

+98-9107648298 (mobile)

Pakistan Consulate, Zahidan

+98-54-33223389

+98-9046145412 (mobile)

Pakistan Consulate, Mashhad

+98-9107625302 (mobile)

+98-9371807175

SAUDI ARABIA

Embassy of Pakistan, Riyadh

+966 (0)114887272 (landline)

+966(0)114884111 (landline)

+966(0)114884222 (landline)

+966 57 628 4980 (mobile)

⁠+966 56 050 5030 (mobile)

Pakistan Consulate General Jeddah

+966(0)126689149 (landline)

⁠+966(0)126692371 (landline)

+966 59 000 8295 (mobile)

+96653 661 7573 (mobile)

UNITED ARAB EMIRATES

Embassy of Pakistan, Abu Dhabi

+971 50 254 8975

Embassy Hotline

+971 2 444 7800

Pakistan Consulate General, Dubai

+971 56 647 2721

+971 (0) 4397 0412

QATAR

Community Welfare Attache-I

+974 5530 5836

Community Welfare Attache-II

+974 7791 1392

Mr. Mubashir Ahmed

+974 5090 5777

BAHRAIN

+973 1724 4113

+973 3235 1512

+973 3435 2578

+973 3407 1665

+973 3456 3037

+973 3982 6823

+973 3569 0404

+973 3535 9150

KUWAIT

Deputy Head of Mission/Head of Chancery

+965 99699513

Additional Assistant

+965 98562753

OMAN

Mr. Liaqat Ali

+968 91276197

Mr. Khadim Hussain

+968 94201095

Mr. Abdus Samad

+968 92040038

Mr. Muhammad Sajjad

+968 78596604

JORDAN

+962 77 6444546

+962 77 9444546

IRAQ

Emergency Number

+964 7834 950311

+964 7846 192482

+964 7834 950183

+964 7839 800899

SYRIA

+963 990 138 972(mobile/WhatsApp)

+963987127822(mobile/WhatsApp)