Pakistan and Iran have reviewed various proposals for promoting bilateral trade.

Speaking at the two-day session of Pakistan-Iran Joint Economic Commission in Islamabad on Monday, Ishaq Dar said the top leadership of two countries was serious in taking the relationship to a new level.

He said Pakistan will not only try to expand the existing trade, economic and bilateral ties in other areas but also make efforts to stabilize them.

The Iranian Minister for Finance reiterated to take measures for expansion in trade volume between the countries.

He expressed the resolve to cooperate with Pakistan in the areas of energy import, transport and communication, mining, agriculture, health and banking sector development, through a comprehensive framework agreement.

During the technical session, the Joint Economic Commission   reviewed the bilateral trade and discussed proposals for its enhancement, review of tariff and non-tariff barriers hampering bilateral trade, opening of bank branches and visa facilitation for businessmen of Pakistan.

Discussion will also be held on Iran-Pakistan gas pipeline project, import of energy from Iran, up-gradation of Quetta-Taftan railway track and improvement of Noshki-Dalbandin section of N-40 Highway.

Meanwhile, Iranian Finance Minister Ali Tayyabnia called on Adviser to the Prime Minister on National Security and Foreign Affairs Sartaj Aziz in Islamabad on Monday.

Both the leaders discussed Pak-Iran bilateral relations with a particular reference to the economic dimension. 

The Adviser underlined Pakistan's commitment to further strengthen close relations with Iran in diverse sectors. He stressed the importance of utilizing the untapped potential for bilateral trade.

The Advisor also highlighted the efforts that Pakistan is making to increase trade, economic and commercial transactions with Iran.

Sartaj Aziz also reaffirmed Pakistan's commitment to Iran-Pakistan Gas Pipeline Project, as part of Pakistan's efforts to strengthen its energy security.

Iranian minister expressed his readiness to pursue various initiatives for increased trade and economic cooperation between the two countries.

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