Copyright dailytimes
Pakistan and Iran are moving closer to formalizing their Free Trade Agreement (FTA). The final text of the accord is now under internal review by Pakistani authorities, with plans for official approval soon. The development was confirmed during a meeting between Federal Commerce Minister Jam Kamal Khan and Iranian Ambassador Reza Amiri-Moghaddam. The meeting focused on strengthening bilateral trade and economic cooperation. Jam Kamal stated that the FTA, signed in Islamabad, is currently under review and will be presented for approval shortly. Both sides also discussed ongoing trade initiatives, previous agreements, and new opportunities to expand economic ties. Read more: Pakistan, Iran agree on new trade and transport cooperation Ambassador Amiri welcomed the progress and noted that flights between Quetta and Zahedan have resumed, boosting connectivity for people and trade. He highlighted Iran’s purchases of rice, meat, maize, and animal feed, and said Iran is now ready to import maize and animal feed under existing agreements. The commerce minister invited Iranian companies to participate in the FoodAg exhibition in Karachi from November 25 to 27, 2025. He also proposed high-level visits between Pakistani and Iranian officials to facilitate cross-border trade. Jam Kamal emphasized collaboration in agriculture, maritime, railways, and communications sectors to expand bilateral business opportunities. Read more: Pakistan, Iran form joint body to boost border trade Both sides expressed satisfaction with the 22nd Session of the Pak-Iran Joint Economic Commission and shared a vision to reach US$10 billion in annual trade by 2028. Jam Kamal called for reactivating the Pakistan-Iran Joint Business Council, operationalizing border markets, and reducing non-tariff barriers to enhance trade efficiency.
