Iranian Foreign Minister Javad Zarif on Monday vowed to increase his country's trade with Pakistan to 5 billion US dollars by 2021, as the current trade volume is around 1.16 billion USA dollars between the two neighbors.
He is visiting Pakistan in response to his Pakistani counterpart Khawaja Asif's visit to Iran last September.
The prime minister said in order to meet the bilateral trade target of $5 billion by 2021, Pakistan and Iran should work together in all earnest.
The top Iranian and Pakistani diplomats also exchanged views about multilateral cooperation to help boost stability and peace in the region and fight terrorist and extremist groups and smugglers. He underlined that the bilateral relations between the two brotherly and friendly countries of Iran and Pakistan should further develop.
He said cooperation between state bank of Pakistan and Bank Milli Islami will also be promoted.
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Radio Pakistan reported that a 30-member business delegation comprising representatives from economic, trade and business sectors is accompanying the Iranian foreign minister.
Prime Minister Abbasi reaffirmed Pakistan's commitment to facilitate the peace process in Afghanistan and urged Iran's government to play its part.
They also stressed the importance of increasing consular cooperation.
Zarif said he had held "good" talks with senior Pakistani officials, adding that the two sides had agreed to set up a joint security committee in the near future.
Pakistan's Foreign Office (FO) spokesman said in a statement that the two foreign ministers held consultations on bilateral relations and regional peace and security.