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Wednesday, May 22, 2024

Pakistan & Iran Bolster Bilateral Relations, Sign 8 MoUs

Pakistan and Iran strengthen bilateral ties through trade agreements and MoUs, emphasizing solidarity on regional issues and mutual economic prosperity.

Pakistan and Iran have entered a new phase of cooperation, marked by the signing of eight agreements and memorandums of understanding (MoUs) across various sectors. The agreements aim to elevate the bilateral trade volume to $10 billion within the next five years, demonstrating a shared commitment to mutual growth and prosperity.

Strengthening Ties and Ensuring Security

Prime Minister Shehbaz Sharif highlighted the significance of the discussions held during the visit, emphasizing the historical ties between the two nations. Both leaders condemned the use of force in Gaza and reiterated calls for international intervention to address the humanitarian crisis. Additionally, they emphasized solidarity with Kashmir and underscored the need for collective action to safeguard the rights of oppressed communities.

Iranian President Ibrahim Raisi echoed sentiments of mutual respect and cooperation, acknowledging Pakistan’s longstanding support for oppressed populations worldwide. He emphasized the interconnectedness of Pakistan and Iran, rooted in shared culture, civilization, and religion, signaling a comprehensive approach to bilateral relations encompassing political, economic, and security cooperation.

Expanding Economic Horizons

Raisi and Sharif expressed a mutual desire to capitalize on the existing opportunities for economic collaboration. They emphasized the need to enhance trade, diplomatic, and commercial ties to their fullest potential. The agreements signed encompass various sectors, including security, judicial assistance, and veterinary health, laying the groundwork for comprehensive cooperation across diverse fields.

Read More: Pakistan’s Forex Reserves to Reach $10: Finance Minister

Moreover, the establishment of a special economic zone and cooperation in film exchanges reflect efforts to leverage cultural and economic synergies between the two countries. Both leaders underscored the importance of utilizing the Pakistan-Iran border as a conduit for prosperity, fostering economic development and cross-border partnerships.

Solidarity in Challenging Times

Despite global challenges, including terrorism and insecurity, Pakistan and Iran affirmed their commitment to collective action and cooperation. Raisi emphasized the imperative of joint efforts in combating terrorism and organized crime, recognizing the interconnected nature of regional security. Both nations reaffirmed their determination to strengthen bilateral relations, emphasizing the need for sustained dialogue and collaboration to overcome shared challenges.

In conclusion, the visit of President Raisi underscores a significant milestone in Pakistan-Iran relations, characterized by a shared vision for regional stability, economic prosperity, and mutual cooperation. The agreements signed pave the way for a new era of partnership, rooted in mutual respect, solidarity, and common interests.