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US responds to trade agreements and the visit of Iran’s president to Pakistan

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Addressing questions concerning economic deals between Pakistan and Iran, a US Department of State official highlighted that Pakistan’s main export market and major investor has been the US.

“Over the previous 20 years, we have also been a prominent investor in Pakistan.” We are interested in Pakistan’s economic prosperity together, and we hope to keep working together,” he stated.

Citing the possible threat of sanctions, he did, however, advise prudence to businesses contemplating trade partnerships with Iran.

Although Pakistan was not mentioned specifically, the spokesperson for Tehran issued a warning against doing business with them.

The two nations have signed numerous bilateral agreements following President Raisi’s three-day visit to Pakistan.

Reiterating their pledge to strengthen ties in a number of areas, Pakistan and Iran hope to increase trade volume to $10 billion. High-level delegation discussions in Islamabad resulted in the consensus.

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