Pakistan commerce minister in Iran to attend joint economic commission, boost trade ties

Pakistan’s Commerce Minister Jam Kamal Khan gestures as he arrives in Tehran on September 14, 2025. (Handout/Commerce Ministry)
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Updated 14 September 2025
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Pakistan commerce minister in Iran to attend joint economic commission, boost trade ties

  • The development comes amid efforts by Iran and Pakistan to boost their bilateral trade volume to $10 billion
  • Both countries last month signed 12 memorandums of understanding to enhance cooperation in diverse fields

ISLAMABAD: Pakistan’s commerce minister, Jam Kamal Khan, on Sunday arrived in Tehran on a three-day visit to attend the Pakistan-Iran Joint Economic Commission and Business Forum, the Pakistani commerce ministry said.

The development comes amid efforts by Iran and Pakistan to forge closer economic, trade and investment relations through border markets and trade links in recent years.

Upon arrival at Imam Khomeini International Airport in Tehran, the commerce minister was received by Amin Tarfa’a, adviser at Iran’s Ministry of Roads and Urban Development.

“During the visit, the minister will lead the 22nd Session of the Pakistan–Iran Joint Economic Commission and co-chair the Pakistan–Iran Joint Business Forum,” the Pakistani commerce ministry said in a statement.

Pakistan and Iran, which have remained at odds over instability along their shared border, plan to raise their bilateral trade to $10 billion from the existing around $3 billion.

The two countries exchanged 12 agreements, memorandums of understanding for bilateral cooperation in diverse fields during Iranian President Dr. Masoud Pezeshkian visit to Pakistan in Aug.

The agreements aim to facilitate and promote bilateral ties in commercial, cultural, tourism, transportation and scientific and educational exchanges between the two nations.

During his three-day visit, Commerce Minister Khan is also scheduled to hold meetings with key Iranian ministers and senior officials.

“Khan’s visit is aimed at giving fresh momentum to Pakistan–Iran economic and commercial ties,” his ministry added.


Rating firm S&P says it won’t rush Iran war downgrades, sees risks for countries like Pakistan

Updated 12 March 2026
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Rating firm S&P says it won’t rush Iran war downgrades, sees risks for countries like Pakistan

  • Agency says it is monitoring indebted energy importers as higher oil prices strain finances
  • Gulf economies seen better placed to weather shock, though Bahrain flagged as vulnerable

LONDON: S&P Global ‌said it would not make any knee-jerk sovereign rating cuts following the outbreak of war in the ​Middle East, but warned on Thursday that soaring oil and gas prices were putting a number of already cash-strapped countries at risk.

The firm’s top analysts said in a webinar that the conflict, which has involved US and Israeli strikes ‌against Iran and Iranian ‌strikes against Israel, ​US ‌bases ⁠and Gulf ​states, ⁠was now moving from a low- to moderate-risk scenario.

Most Gulf countries had enough fiscal buffers, however, to weather the crisis for a while, with more lowly rated Bahrain the only clear exception.

Qatar’s banking sector could ⁠also struggle if there were significant ‌deposit outflows in ‌reaction to the conflict, although there ​was no evidence ‌of such strains at the moment, they ‌said.

“We don’t want to jump the gun and just say things are bad,” S&P’s head global sovereign analyst, Roberto Sifon-Arevalo, said.

The longer the crisis ‌was prolonged, though, “the more difficult it is going to be,” he ⁠added.

Sifon-Arevalo ⁠said Asia was the second-most exposed region, due to many of its countries being significant Gulf oil and gas importers.

India, Thailand and Indonesia have relatively lower reserves of oil, while the region also had already heavily indebted countries such as Pakistan, Bangladesh and Sri Lanka whose finances would be further hurt by rising energy prices.

“We ​are closely monitoring ​these (countries) to see how the credit stories evolve,” Sifon-Arevalo said.