Pakistan and Iran plan to create a special economic zone at their border

The impending visit of Iranian President Ebrahim Raisi to Pakistan signifies a crucial milestone in the bilateral relations between the two nations. The planned signing of a Memorandum of Understanding (MoU) to establish a collaborative economic zone highlights their shared commitment to enhancing economic cooperation. The endorsement of the MoU by the federal cabinet underscores the mutual determination to deepen economic ties and promote regional integration.

The proposed joint economic zone at the Gabd-Rimdan border holds vast potential for facilitating trade between Pakistan and Iran. Positioned strategically, it will serve as a gateway for Iranian goods to access the Pakistani market, capitalizing on the country’s expanding consumer base. Similarly, Pakistani exporters will benefit from increased opportunities to sell agricultural, textile, pharmaceutical, iron, and steel products to Iran, thus diversifying their export portfolio.

Beyond immediate economic advantages, the establishment of the economic zone represents a broader dedication to advancing connectivity and economic integration in the region. Leveraging their geographical proximity and historical ties, Pakistan and Iran aspire to create an enabling environment for trade and investment, fostering mutual prosperity and sustainable development.

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