Pakistan, Iran agree to increase bilateral trade to $10 billion, sign eight MoUs

Pakistan, Iran agree to increase bilateral trade to $10 billion, sign eight MoUs
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Pakistan Prime Minister Shehbaz Sharif and Iranian President Ebrahim Raisi witness signing of MoUs of cooperation in different fields between the two countries in Islamabad, Pakistan, on April 22, 2023. (Government of Pakistan)
Pakistan, Iran agree to increase bilateral trade to $10 billion, sign eight MoUs
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In this photo released by Prime Minister Office, Iranian President Ebrahim Raisi, left, walks with Pakistan's Prime Minister Shehbaz Sharif during a welcome ceremony in the prime minister house in Islamabad, Pakistan, on April 22, 2024. (AP)
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Updated 22 April 2024
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Pakistan, Iran agree to increase bilateral trade to $10 billion, sign eight MoUs

Pakistan, Iran agree to increase bilateral trade to $10 billion, sign eight MoUs
  • The signed agreements were related to the fields of trade, science and technology, agriculture, health, culture, and judicial matters
  • Ebrahim Raisi met Pakistan PM, president and army chief amid efforts by both neighbors to mend ties after this year’s tit-for-tat strikes

ISLAMABAD: Iranian President Ebrahim Raisi said on Monday Islamabad and Tehran had committed to strengthening bilateral relations across political, economic, trade, and cultural domains through the signing of eight accords and memorandums of agreement.

Raisi arrived in Islamabad on Monday on a three-day visit as the two Muslim neighbors seek to mend ties after unprecedented tit-for-tat military strikes this year. He is accompanied by his spouse and a high-level delegation of cabinet members and businesspersons.

The Iranian president was presented with a guard of honor by a Pakistan army contingent upon his arrival at the Prime Minister’s House. He subsequently held meetings with Foreign Minister Ishaq Dar and Prime Minister Shehbaz Sharif.

The MoUs and agreements cover different fields including trade, science technology, agriculture, health, culture, and judicial matters. They include an MoU on the establishment of the Rimdan-Gabd Joint Free/Special Zone; on cooperation between the Ministry of Cooperative Labour and Social Welfare of Iran and the Ministry of Overseas Pakistani and Human Resources Development of Pakistan; on judicial assistance and legal cooperation at the ministry levels; on cooperation for animal hygiene and health; on mutual recognition in the field of quarantine and phytosanitary; and on the promotion of culture and films.

The signing ceremony also marked the ratification of a security cooperation agreement between the governments of two countries.

“Today in our meeting with [Pakistani] prime minister, and other members of the respective cabinet, we decided to promote the bilateral relations between the two countries at political, economic, trade, culture, including others, at all levels as far as possible,” Raisi said at a joint press stakeout with Pakistani premier Sharif.

The Iranian President said both countries were committed to combating terrorism, organized crime, narcotics, and various forms of insecurity that threatened not only the neighbors but the wider region.

“There are a number of common positions and stance between our two countries when it comes, for instance, to fighting against terrorism,” he said, adding that Iran and Pakistan shared a lengthy common border, which presented an opportunity to create and bring about welfare for the people residing in border areas and regions.

“The economic and trade volume between Iran and Pakistan is not acceptable at all and we have decided at the first step to increase the trade volume between our two countries to $10 billion,” Raisi added.

Speaking at the press conference, Sharif said both countries collectively needed to work to strengthen bilateral relations, transforming their shared border into a “beacon of development and prosperity.”

“Today presents an opportunity to forge our friendship into a catalyst for progress and prosperity and the decisions made today regarding economic progress and connectivity will yield visible results,” the PM said.

He also commended the “resolute stance” taken by the Iranian nation against Israeli actions in Gaza, where 35,000 people have been killed in Israeli air and ground offensives since Oct. 7. Sharif called on Iran and Pakistan to unite at the OIC and other international forums alongside fellow Islamic nations to push for a complete ceasefire.

Later, the Iranian president met with his Pakistani counterpart, Asif Ali Zardari, at the Presidency in Islamabad, where the two leaders expressed deep commitment to the longstanding Pakistan-Iran relations. 

“They emphasized the need for further deepening and broadening of bilateral relations in diverse fields and for enhancing high-level dialogue and mutually beneficial cooperation,” the Pakistan presidency said in a statement.

In a meeting with Pakistan Army Chief General Asim Munir, both sides concurred on the necessity to bolster bilateral cooperation while jointly striving for regional stability and economic prosperity, according to the Pakistani military. The discussions primarily focused on matters of mutual interest, notably regional peace, stability, and border security.

“COAS (chief of army staff) described the Pak-Iran border as ‘the border of peace and friendship,’ emphasizing the need for improved coordination along the border to prevent terrorists from jeopardizing the longstanding brotherly relations between the two neighboring countries,” the Inter-Services Public Relations (ISPR), the military’s media wing, said in a statement.

“President Ebrahim Raisi emphasized that by fostering cooperation between the two Armed Forces, Pakistan and Iran can attain peace and stability for both nations and the region.”

Raisi also met Yusuf Raza Gillani, chairman of the Senate of Pakistan, and National Assembly Speaker Ayaz Sadiq.

“OFTEN AT ODDS”

During his visit from April 22-24, the Iranian head of state is also scheduled to meet the Pakistani president, Senate chairman and National Assembly speaker. He will also visit the cities of Karachi and Lahore to meet the country’s provincial leadership.

Raisi’s visit is the first by any head of state to Pakistan after the South Asian nation’s contentious elections of February 2024 and the formation of a new government headed by Sharif. The visit also comes as tensions are high in the Middle East after Iran launched airstrikes on Israel a week ago and Israel retaliated with its own attack on Friday.

Pakistan and Iran have had a history of rocky relations despite a number of commercial pacts, with Islamabad being historically closer to Saudi Arabia and the United States.

Their highest profile agreement is a stalled gas supply deal signed in 2010 to build a pipeline from Iran’s South Fars gas field to Pakistan’s southern provinces of Balochistan and Sindh.

Pakistan and Iran are also often at odds over instability on their shared porous border, with both countries routinely trading blame for not rooting out militancy.

Tensions surged in January when Pakistan and Iran exchanged airstrikes, both claiming to target alleged militant hideouts in each other’s countries. Both sides have since then undertaken peace overtures and restored bilateral ties.

Former diplomat Naghmana Hashmi said the Iranian President’s visit with a large delegation indicated that both countries had put aside “all sources of irritation,” particularly the recent border skirmishes.

“He is also visiting the commercial centers like Lahore and Karachi, which absolutely is a very clear signal that we want to take the economic relationship that the two countries have, to greater heights, and to increase the flow of trade, to encourage the barter trade and the border markets that we have recently established,” she told Arab News.

Hashmi added that both countries were important forces for peace and security in the region.

“At the time when Iran’s tension with the Israel is at its peak, for the president of Iran to come to Pakistan shows his confidence, both as a leader and as a nation, on us being a good neighbor and they consider Pakistan as their great friend,” she added.

Former Pakistani ambassador to Iran, Riffat Masood, said Raisi’s visit was important in the backdrop of recent hostilities between Israel and Iran.

“And, of course, when the leadership of the two countries meet, they will definitely discuss the way forward in trying to bring an end to or at least reduce the hostilities,” she told Arab News.

She said Raisi’s visit would also further enhance security and economic cooperation between Pakistan and Iran.

“The recent border issues are not expected to have a significant impact,” Masood said, “as both countries swiftly addressed them before any negative consequences could affect bilateral relations.”


Pakistan Business Council officials meet Islamabad’s envoy in UAE in bid to enhance bilateral B2B ties

Pakistan Business Council officials meet Islamabad’s envoy in UAE in bid to enhance bilateral B2B ties
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Pakistan Business Council officials meet Islamabad’s envoy in UAE in bid to enhance bilateral B2B ties

Pakistan Business Council officials meet Islamabad’s envoy in UAE in bid to enhance bilateral B2B ties
  • The United Arab Emirates is Pakistan’s third-largest trading partner after China and US, and a major source of foreign investment
  • The PBC assists Pakistan-related companies and professionals in the UAE through business networking and exchange of information

Islamabad: A delegation of the Pakistan Business Council (PBC) Dubai on Friday held a meeting with Pakistan’s Ambassador to the United Arab Emirates (UAE) Faisal Niaz Tirmizi and shared their plans to enhance business to business (B2B) ties between the two countries, the Pakistani embassy said.
The UAE is Pakistan’s third-largest trading partner after China and the United States, and a major source of foreign investment valued at over $10 billion in the last 20 years, according to the UAE foreign ministry.
It is also home to more than a million Pakistani expatriates. Policymakers in Pakistan consider the UAE an optimal export destination due to its geographical proximity, which minimizes transportation and freight costs while facilitating commercial transactions.
The PBC delegation, which comprised its newly elected Board of Directors and was led by Shabbir Merchant, met Ambassador Tirmizi at the Embassy of Pakistan in Abu Dhabi.
“The delegation of Pakistan Business Council presented their vision and strategy in enhancing the business-to-business relationship between Pakistan and the UAE,” the Pakistani embassy said in a statement. “They also sought embassy’s support in materializing their vision.”
The PBC assists Pakistan-related companies and professionals in establishing businesses or working in the UAE through business networking and connections, and information exchange.
The Pakistani ambassador assured the delegates of the embassy’s support in strengthening economic and trade relations between Pakistan and the UAE, according to the Pakistani embassy.
This week, Pakistan’s consul general, Hussain Muhammad, met the PBC officials in Dubai, where Merchant shared with him the council’s strategic roadmap for 2025-2026.
Muhammad appreciated PBC’s efforts in promoting Pakistan’s economic potential in the UAE and stressed the need for business leaders to explore opportunities in Pakistan’s diverse sectors, including information technology, manufacturing, agriculture and tourism.
Pakistan and UAE have stepped up efforts in recent years to strengthen their business and investment relations. In January last year, Pakistan and the UAE signed multiple agreements worth more than $3 billion for cooperation in railways, economic zones and infrastructure, a Pakistani official said, amid Pakistani caretaker prime minister Anwaar-ul-Haq Kakar’s visit to Davos for the World Economic Forum’s summit.


Saudi pavilion draws crowds at Karachi travel expo with year-round tourism opportunities

Saudi pavilion draws crowds at Karachi travel expo with year-round tourism opportunities
Updated 31 January 2025
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Saudi pavilion draws crowds at Karachi travel expo with year-round tourism opportunities

Saudi pavilion draws crowds at Karachi travel expo with year-round tourism opportunities
  • The Pakistan Travel Mart 2025 exhibition is hosting 250 companies from 18 countries
  • Visitors at the Saudi pavilion express excitement about tourist attractions in the Kingdom

KARACHI: The Pakistan Travel Mart (PTM) 2025 exhibition, which opened in Karachi on Friday, witnessed a strong presence from Saudi Arabia, with a dedicated pavilion highlighting the Kingdom’s diverse tourism offerings beyond the traditional Hajj and Umrah pilgrimages.
Since 2017, the exhibition has served as a platform for international collaborations and discussions on sustainable tourism development. This year, around 250 companies from 18 countries are participating in the three-day event.
Saudi Arabia’s participation underscores its commitment to promoting the Kingdom as a year-round travel destination and the Saudi pavilion buzzed with activity on the opening day, attracting a large number of visitors who were eager to learn about the Kingdom’s rich cultural heritage, historical sites, and emerging adventure tourism opportunities.
“Saudi [Arabia] is open to the world,” Dr. Omer Ayoub, a director of Saudi travel services provider Albait Guests, told Arab News. “Earlier, it was known to the Pakistani market that people only go for Hajj and Umrah to Saudi [Arabia], but now, today, we are promoting Saudi as a [tourist] destination.”

Dr. Omer Ayoub (right), Saudi firm Albait Guests official, speaks to a visitor in a Saudi Pavilion on the first day of annual Pakistan Travel Mart 2025 in Karachi on January 31, 2025. (AN Photo)

Representatives from the Saudi Tourism Authority were present at the pavilion to support their Pakistani travel partners, including Al Hudda, Al Khair, Aroma, Dar ul Eimaan, F&S Global, Jas Travels, Meezab Group, Super Travel, Travel Designer and Welcome Travel.
Dr. Ayoub underscored the Kingdom’s tourism potential, citing AlUla’s Nabataean culture and Jeddah’s historical district as well as adventure, cultural and culinary experiences for visitors.
He said a large number of foreigners, including Pakistani expatriates, consider the Kingdom their “second home” and it was important to understand their sentiments to curate relevant travel products.
“We’ve witnessed a great footfall from the local audience,” Dr. Ayoub said. “As you can see, Saudi [pavilion] has captivated the whole attention.”
Dr. Ayoub also spoke about the growing trend of combining MICE (meetings, incentives, conferences and exhibitions) events with Umrah, and emerging destinations like the Red Sea Global project, dubbed as the “Maldives of the region,” that offers coral reef experiences.
Visitors connected with various travel agencies at the exhibition and echoed this sentiment.

This photo shows generic view of a Saudi Pavilion on the first day of annual Pakistan Travel Mart 2025 in Karachi on January 31, 2025. (AN Photo)

“I have come to know many vendors who are working not only for Umrah and Hajj, but also promoting Saudi tourism,” Alishba Shehryar Khan, a Pakistani visitor, told Arab News, expressing excitement about tourist attractions in the Kingdom.
S. M. Fahim, head of digital marketing at the Pakistan International Airlines (PIA), appreciated staff at the Saudi pavilion for their explanation of online services for Hajj and Umrah passengers, including platforms for booking hotels and packages.
“It’s basically ease and comfort to the customers,” he said.

Visitors attend the first day of annual Pakistan Travel Mart 2025 in Karachi on January 31, 2025. (AN Photo)

Iqbal A. Sakrani, a director at Super Travel, said he gained “firsthand exposure” to destinations like Balkh and Taif during a familiarization trip arranged by the Saudi Tourism Authority.
“Saudi Arabia is rich culture, heritage destination,” he said, adding his company plans to offer visits to historical sites on Umrah and Hajj trips.
Muhammad Yaqoob Saifi, an official of Saudi travel company Rowaa Golden, shared their plans to offer both religious and leisure tourism packages, including sightseeing tours to AlUla, Taif and Abha.
“This is the first year we will be providing sightseeing along with Umrah and Hajj,” he said, adding that his company has set up camps at these destinations to provide services like food, transportation and accommodation to visitors.


Pakistan recall Fakhar to Champions Trophy squad after injury rules Saim Ayub out

Pakistan recall Fakhar to Champions Trophy squad after injury rules Saim Ayub out
Updated 31 January 2025
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Pakistan recall Fakhar to Champions Trophy squad after injury rules Saim Ayub out

Pakistan recall Fakhar to Champions Trophy squad after injury rules Saim Ayub out
  • Pakistan is scheduled to host the tournament from February 19 till March 9 and the PCB has until February 11 to make any changes to the squad
  • Same squad will play tri-nation series, featuring New Zealand and South Africa in Lahore and Karachi, in the lead up to Champions Trophy 2025

ISLAMABAD: The Pakistan Cricket Board (PCB) on Friday announced a 15-player squad for the ICC Champions Trophy 2025, recalling Fakhar Zaman after an injury ruled out Saim Ayub.
Pakistan is scheduled to host the tournament from February 19 till March 9 and the PCB has until February 11 to make any changes to the squad. After that, replacements will only be permitted on medical grounds, subject to approval by an International Cricket Council (ICC) committee.
There are four changes in the 15-player squad that last played a one-day international (ODI) series in South Africa late last year. Abdullah Shafique, Muhammad Irfan Khan, Saim Ayub and Sufyan Moqim have been replaced by Faheem Ashraf, Fakhar Zaman, Khushdil Shah and Saud Shakeel.
The same squad will feature in the tri-nation ODI series, featuring New Zealand and South Africa in Lahore and Karachi, in the lead up to the ICC Champions Trophy 2025.
“The selectors have continued to adopt a horses-for-courses approach in assembling this squad for the ICC Champions Trophy 2025,” Asad Shafiq, member of the National Selection Committee, said in a statement shared by the PCB.
“Our focus has been on selecting players who have consistently excelled in domestic competitions under similar conditions, demonstrating their readiness to perform in a global event.”
The squad, captained by Mohammad Rizwan with Salman Ali Agha as vice-captain, includes three members from the 2017 title-winning side: Babar Azam, Faheem Ashraf and Fakhar Zaman. Babar and Fakhar, along with Haris Rauf, Shaheen Shah Afridi and Saud Shakeel also featured in the last 50-over Cricket World Cup 2023.
Following the World Cup 2023, Pakistan have played three ODI series, defeating 50-over world champions Australia 2-1, Zimbabwe 2-1 and South Africa 3-0.
Opener Fakhar Zaman, who scored a century in the ICC Champions Trophy 2017 final against India, makes a comeback after overcoming injury and illness that had sidelined him from international cricket since June 2024. Fakhar demonstrated his return to complete fitness and form during the Champions T20 Cup 2024 in December, where he was the third-highest run-scorer with 303 runs at an impressive strike-rate of over 132. In 82 ODIs, Fakhar has scored 3,492 runs with 11 centuries and 16 half-centuries at an average of 46.5 and strike-rate of 93.4.
Pakistan Test vice-captain Saud Shakeel has been rewarded for his consistent and strong performances in home Tests by earning a place in the side. The left-hander played his 15th and last ODI against England in Kolkata in the ICC Men’s 50-over World Cup 2023 but has scored 577 runs in 13 Test innings at home this season with two centuries and two half-centuries against Bangladesh, England and the West Indies.
All-rounders Faheem Ashraf and Khushdil Shah return to the 50-over squad, adding versatility and providing captain Mohammad Rizwan with additional options. Faheem’s 34th and last ODI was in September 2023 and since then he has been one of the most consistent domestic performers across all formats, while Khushdil last represented Pakistan in ODIs in August 2022 and has earned the selectors nod after scoring 176 runs in the Champions One-Day Cup as well as scoring 132 runs and taking nine wickets in the Champions T20 Cup.
“One of the standout qualities of this side is its flexibility, an essential trait in today’s modern-day cricket. We are confident that this squad strikes the right balance between youth and experience, and has all bases covered,” Shafiq said.
“Saim Ayub has not been included in the squad due to an ankle injury, but we remain optimistic about his recovery.”
PAKISTAN SQUAD
Batters: Babar Azam, Fakhar Zaman, Kamran Ghulam, Saud Shakeel, Tayyab Tahir
All-rounders: Faheem Ashraf, Khushdil Shah, Salman Ali Agha (vice-captain)
Wicketkeeper-batters: Mohammad Rizwan (captain), Usman Khan
Spinner: Abrar Ahmed
Fast bowlers: Haris Rauf, Mohammad Hasnain, Naseem Shah, Shaheen Shah Afridi


Senior official injured in crossfire between warring tribes in restive Pakistani district

Senior official injured in crossfire between warring tribes in restive Pakistani district
Updated 31 January 2025
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Senior official injured in crossfire between warring tribes in restive Pakistani district

Senior official injured in crossfire between warring tribes in restive Pakistani district
  • Additional Assistant Commissioner Sayed Manan was in the field to ensure a ceasefire as rival tribes attacked each other in Kurram’s Bushara area
  • The official was shot in the stomach and was airlifted to the provincial capital of Peshawar in critical condition, police and health authorities say

ISLAMABAD: A senior administration official was injured in a crossfire between warring tribes in the northwestern Pakistani district of Kurram that has been hit by clashes for more than two months, officials said on Friday.
Kurram, a tribal district of around 600,000 where federal and provincial authorities have traditionally exerted limited control, has frequently witnessed violence between its Sunni and Shiite communities over land and power. Travelers to and from the area often ride in convoys escorted by security officials.
Fresh feuding began on Nov. 21 when gunmen ambushed a convoy and killed 52 people, mostly Shiites. The assault triggered road closures and other measures that have disrupted people’s access to medicine, food, fuel, education and work and created a humanitarian crisis in the area, where authorities say at least 150 people have been killed in the two months of feuding.
The latest incident occurred when Additional Assistant Commissioner Sayed Manan was in the field to ensure ceasefire between warring tribes in Bushara area, according to Kurram police spokesman Riaz Khan. Manan was flown to the provincial capital of Peshawar in a helicopter in critical condition after being initially treated at a hospital in Kurram’s Parachinar.
“The additional assistant commissioner underwent surgery at District Headquarter Hospital Parachinar,” Dr. Mir Hassan Jan, the medical superintendent of the hospital, told Arab News. “He was shot in the stomach.”
The additional assistant commissioner was injured in crossfire between the two villages in Bushara area, according to police spokesman Khan. While the gunfire has stopped, authorities are on high alert.
“The situation is completely tense in the area,” he added.
Feuding tribes have been engaged in battles with machine guns and heavy weapons, isolating the remote, mountainous region. The main road connecting Parachinar, the main town in Kurram, to the provincial capital of Peshawar has been blocked since sectarian fighting began in November.
The violence has continued despite a peace agreement signed between the warring tribes on Jan. 1. Under the peace agreement, both sides had agreed on the demolition of bunkers and the handover of heavy weapons to authorities within two weeks, but there has been little to no progress on the terms.
Shiite Muslims dominate parts of Kurram, although they are a minority in the rest of Pakistan, which is majority Sunni. Provincial and federal authorities have been supplying relief goods and evacuating the injured and ailing from Kurram to Peshawar via helicopters since last month.
Muhammad Ali Saif, a KP government spokesman, said on Friday hatred was the root cause of the Kurram issue and lasting peace in the region was not possible without eliminating it.
“All elements challenging the government’s writ will be punished according to the law,” he said, while speaking to a council of tribal and political elders in Kohat that was formed to resolve the Kurram issue.
“The Kohat [peace] agreement will be equally applicable to both parties.”


Ten militants killed in separate operations in Pakistan’s northwest — military

Ten militants killed in separate operations in Pakistan’s northwest — military
Updated 31 January 2025
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Ten militants killed in separate operations in Pakistan’s northwest — military

Ten militants killed in separate operations in Pakistan’s northwest — military
  • The operations were conducted in Dera Ismail Khan and North Waziristan districts on the reported presence of militants
  • Islamabad blames a surge in militancy on militants operating out of neighboring Afghanistan, Kabul denies the allegation

KARACHI: Pakistani security forces have killed ten militants in multiple operations in the northwestern Khyber Pakhtunkhwa (KP) province, the Pakistani military said on Friday.
The operations were conducted in KP’s Dera Ismail Khan and North Waziristan districts, according to the Inter-Services Public Relations (ISPR), the military’s media wing.
Four militants were killed in Dera Ismail Khan’s Kulachi area, while six others were killed in North Waziristan’s Datta Khel, Hassan Khel, Ghulam Khan and Mir Ali areas.
“Weapons and ammunition were also recovered from the killed khwarij [militants], who remained actively involved in numerous terrorist activities in these areas against the security forces as well as killing of innocent civilians,” the ISPR said in a statement.
“Sanitization operations are being conducted to eliminate any other Kharji found in the area.”
Pakistan has witnessed a surge in militancy in KP, which borders Afghanistan, since a fragile truce between the Pakistani Taliban, or the Tehreek-e-Taliban Pakistan (TTP), and the state broke down in November 2022.
The TTP and other militant groups have stepped up their attacks against security forces, besides targeted killings and kidnappings of law enforcers and government officials, in recent months.
The latest casualties in the province come a day after the military said two Pakistani soldiers, including an army captain, and six militants were killed in a gunfight in the North Waziristan district, which borders Afghanistan.
Islamabad has frequently accused neighboring Afghanistan of sheltering anti-Pakistan groups which launch cross-border attacks. Afghan officials deny allowing the use of their soil against any country.