ISLAMABAD: Following Iranian President Seyyed Ebrahim Raisi’s three-day visit to Pakistan, Pakistan and Iran issued a 28-point joint statement in which they reaffirmed the significance of energy cooperation and power trading, even in the face of a warning from the United States about possible sanctions.
Shortly after the Iranian president left Karachi for Tehran, the Foreign Office issued a joint statement outlining the specifics of the bilateral agreements that both countries had made, including plans for the Pak-Iran gas pipeline project.
The FO made its announcement the day after the US State Department issued a warning regarding the “possible risk of sanctions” in light of the two countries’ commercial dealings.
“We advise anyone considering business deals with Iran to be aware,” a State Department spokeswoman stated.
According to the statement, the two nations decided to quickly complete the free trade agreement (FTA) and increase their bilateral trade to $10 billion over the following five years by working together on economic initiatives, creating economic free zones, establishing new borders, and shared border markets.
The topic of bilateral ties and cooperation was deliberated during the delegation-level talks between Iran’s President Raisi and Prime Minister Shehbaz Sharif. Raisi visited Pakistan from April 22 to 24, accompanied by a high-level delegation that included senior officials and Foreign Minister Amir Abdollahian.
