During a landmark visit by Iranian President Ebrahim Raisi to Pakistan, both countries pledged to significantly boost their economic and security relations.
This visit marks Raisi’s first since Pakistan’s general elections in February and the first by an Iranian president since 2017.
It aimed to smooth over tensions following border clashes earlier in January.
Amid discussions, Iran and Pakistan set a bold target to quintuple their trade from $2 billion to $10 billion within the next five years.
This goal highlights their commitment to overcoming external pressures and enhancing bilateral economic ties.
Key initiatives include developing joint border markets and economic free zones, as well as advancing the strategic Iran-Pakistan gas pipeline project.
Despite Iran completing its segment of the pipeline in 2013, Pakistan has delayed its construction, largely due to concerns about U.S. sanctions.
The U.S. has warned Pakistan of potential sanctions risks involved with expanding economic ties with Iran, especially as Pakistan seeks an International Monetary Fund loan.
Nevertheless, Pakistani officials remain optimistic about negotiating with the U.S. to move forward with the pipeline project.
They believe it is essential for controlling inflation and maintaining economic stability.
Security Cooperation Highlights
Security cooperation also took center stage during the discussions. Both countries stressed regular cooperation to address terrorism, drug smuggling, and human trafficking.
While there were no significant breakthroughs on the issue of cross-border attacks, the talks focused on building trust and furthering economic engagement.
Raisi’s visit also sought to repair his public image in Pakistan, tarnished by the incidents in January.
His itinerary included visits to important cultural sites and an orphanage, underscoring efforts to reinforce diplomatic ties through cultural engagement.
Despite external pressures and complex geopolitics, Iran and Pakistan’s renewed commitments show strong mutual interest.
They are prioritizing fostering a more robust partnership, economic expansion, and regional security.