By John Lee.
An advisor to the Pakistani Prime Minister has told the National Assembly that trade between Pakistan and Iran would reach $5 billion “in the coming years“.
Sartaj Aziz (pictured) said Pak-Iran trade was around $1.6 billion annually before international sanctions on Iran, which reduced it to $300 million.
Banking system between Iran and Pakistan had become functional while work on Pakistan-Iran gas pipeline had also started, he added.
Tehran and Islamabad signed a letter of content in March to boost their mutual economic cooperation; the document was signed during Iranian President Hassan Rouhani’s visit to Pakistan in March.
(Sources: AFP; Tasnim, under Creative Commons licence)