ISLAMABAD: Pakistan and Iran have signed a memorandum of understanding (MoU) aimed at taking bilateral trade volume to $10 billion, Pakistani state media reported on Tuesday.
The development comes amid Pakistan’s efforts to increase trade and investment as it treads a tricky path to economic recovery under a $7 billion International Monetary Fund (IMF) program, secured in September.
The volume of bilateral trade between Pakistan and Iran reached $2.8 billion in the last fiscal year that ended in June, the state-run Radio Pakistan broadcaster reported.
“The MoU was signed during a high-level meeting between the Federation of Pakistan Chambers of Commerce and Industry and Iran’s Mashhad Chamber of Commerce and Industry,” the report read.
“During the meeting, Iran also assured Pakistan of reducing business visa fees and facilitating trade activities.”
Pakistan and Iran have often been at odds over instability along their shared, porous border and routinely trade blame for not rooting out militancy. Tensions surged in January last year when Pakistan and Iran exchanged airstrikes, with both claiming to target alleged militant hideouts in each other’s territory.
Iran’s late president Ebrahim Raisi toured Pakistan in April 2024 as both countries sought to mend ties after unprecedented tit-for-tat military strikes.
During Raisi’s three-day visit, the two governments signed MoUs and agreements covering different fields including trade, science and technology, agriculture, health, culture and judicial matters.
Raisi had said that the volume of trade between the two countries was “not acceptable at all” and that they should enhance bilateral trade to $10 billion.
Iran, Pakistan sign agreement to take bilateral trade volume to $10 billion
https://arab.news/yk65g
Iran, Pakistan sign agreement to take bilateral trade volume to $10 billion
- The development comes amid Pakistan’s efforts to increase trade as it treads a tricky path to economic recovery
- The volume of bilateral trade between Pakistan and Iran reached $2.8 billion in the last fiscal year that ended in June
Pakistan’s Mahnoor Omer named among TIME’s ‘Women of the Year’ for 2026
- Omer moved a Pakistani court against the so-called ‘period tax’ in Sept. 2025 which has since sparked a national debate
- Taxes on sanitary pads in Pakistan can add up to 40 percent to retail price, UNICEF says only around 12 percent women use such products
ISLAMABAD: Pakistani women’s rights activist Mahnoor Omer, who fought against taxes on menstrual products, has been named among the TIME magazine’s ‘Women of the Year’ for 2026.
Omer’s efforts have been recognized alongside 16 activists, artists, athletes and businesswomen in the TIME’s Women of the Year 2026 list, including Olympic gold medalist Sydney McLaughlin-Levrone and Oscar-nominated filmmaker Chloe Zhao.
Dissatisfied with the efforts to educate Pakistani girls about sexual violence, Omer founded the Noor Foundation at the age of 14 and held her own workshops with village girls about everything from climate change to menstruation, according to the TIME magazine.
Two years later, a conversation with a domestic worker about the price of pads made her realize that not everyone could afford these essentials. She moved a court against the so-called “period tax” in Sept. 2025 and the case has sparked a national debate on the subject, considered a taboo by many in Pakistan, since its first hearing late last year.
“A decade and one law degree after her interest in activism was sparked, Omer, now 25, is putting her passion and expertise to work in the name of gender equity,” TIME wrote about Omer on its website.
Taxes imposed on sanitary products in Pakistan can add up to 40 percent to the retail price. UNICEF estimates just 12 percent of women in the country use commercially produced pads or tampons. The alternative, using cloth, risks health impacts including rashes and infections, and can make it impossible for girls to attend school while menstruating.
Omer’s suit, which awaits the government response, has sparked a national discussion. She says she spoke about menstruation to her father and male cousins, who thanked her for standing up for their daughters.
The 25-year-old, who is currently enrolled in a master’s degree in gender, peace, and security at the London School of Economics, sees this case as just the first of many.
“I’m not free until every woman is free,” she was quoted as saying by TIME. “I want to leave no stones unturned in terms of what I can do with the next few decades, as a lawyer for the women in my country and gender minorities in general.”
