Pakistan-Iran borders now open 24/7 to foster trade growth

In a move to strengthen economic ties with Iran, Pakistan has decided to keep two border crossing points open 24 hours a day, seven days a week. The decision aims to enhance the flow of goods between the two countries and create new economic opportunities.

Pakistani Ambassador to Iran Muhammad Mudassir Tipu announced the development on Twitter, calling it a “big step forward to promote business between Pakistan and Iran.”

The two border crossing points, Taftan and Gabd, will now operate around the clock, facilitating the exchange of goods and services. The move is part of a broader effort to transform the Pakistan-Iran border from a “border of peace” to a “border of prosperity.”

During Iranian President Seyyed Ebrahim Raisi’s recent visit to Pakistan, the two countries agreed to cooperate in the energy sector, including electricity trade and the Iran-Pakistan gas pipeline project. The joint statement issued after the visit highlighted the importance of a long-term economic partnership and collaborative regional economic and connectivity model.

The two sides aim to boost bilateral trade to $10 billion over the next five years through joint economic projects, border markets, and new border openings. The decision to keep the borders open 24/7 is expected to facilitate barter trade mechanisms, expedite the finalization of a free trade agreement, and enhance connectivity between the two countries.

As members of the Belt and Road Initiative and Economic Cooperation Organisation, Pakistan and Iran are committed to enhancing cooperation in connectivity, infrastructure development, and energy sectors.

More from this category

Advertisment

Advertisment

Follow us on Facebook

Search