Pakistani Prime Minister Shehbaz Sharif and Iranian President Masoud Pezeshkian announced on August 3, 2025, that their countries will increase annual bilateral trade from roughly US $3 billion to a target of US $10 billion, during a state visit to Islamabad.
The two leaders signed 12 key agreements and memoranda of understanding (MoUs) focused on sectors ranging from trade, agriculture, and science, to technology, innovation, and maritime safety. The accords also extended cooperation on counter-militancy efforts along the shared border.(The Siasat Daily)
The trade deal was built on broader consultations involving Pakistan’s Commerce Minister Jam Kamal Khan and Iranian Industry Minister Mohammad Atabak, who emphasized that leveraging regional geography and easing logistical bottlenecks can push trade levels to US $5–8 billion, potentially reaching US $10 billion soon.(Outlook Business)
Officials stressed that using existing border infrastructure—such as operational trade crossings at Gabd–Rimdan, Mand–Pishin, and Chadgi–Kuhak—and facilitating targeted business delegations would further bolster economic integration.(Wikipedia)
