Latest news with #MohammadAtabak
India.com
7 days ago
- Business
- India.com
Islamabad to Istanbul via Tehran rail line: Iranian President makes big announcement from Pakistani soil, should India be worried?
Islamabad to Istanbul via Tehran rail line- File image Islamabad to Istanbul via Tehran rail line: In a significant development possibly impacting the geopolitics of Asia, Iran and Pakistan have announced a strategic railway line which is seen as a step towards controlling India's interests in the region. With massive strategic implications, Pakistan and Iran have agreed to revive a long-pending railway project connecting Islamabad to Istanbul via Tehran. Here are all the details you need to know about the Islamabad to Istanbul via Tehran rail line and how it will impact India. How long will be Islamabad to Istanbul via Tehran rail line? Once completed, the historic Islamabad to Istanbul via Tehran 6,540 km railway line will cut travel time between Pakistan and Turkey to just 10 days, which is very less than half the 21 days taken by the sea route. Originally launched in 2009, the project has gained fresh momentum amid growing regional alignments. Islamabad to Istanbul via Tehran rail line: Should India be worried? Readers should note that India should be cautious because China and Pakistan are intensifying efforts to pull Iran into their strategic orbit, especially around the Chabahar and Gwadar ports. With the China-backed infrastructure expanding near India's sphere of influence, and talks underway to boost sea trade between Gwadar and Chabahar, the Islamabad to Istanbul via Tehran rail line is being seen as a potential challenge to India's regional interests. How are Pakistan, Iran relations moving ahead? Nearly two years since the cross-border conflict, Pakistan and Iran on Sunday agreed to set their annual bilateral trade at USD 8 billion, aimed at the advancement of economic cooperation and regional connectivity, The Express Tribune reported. According to The Express Tribune, the decision was made during a meeting between Pakistan's Federal Commerce Minister Jam Kamal Khan and Iran's Minister of Industry, Mine and Trade, Mohammad Atabak, held in Islamabad, where both nations expressed a commitment to revitalising their economic relationship and accelerating cooperation. (With inputs from agencies)
Deccan Herald
03-08-2025
- Business
- Deccan Herald
Pakistan, Iran decide to increase bilateral trade to Rs 69,762 crore annually
The agreement was reached during a meeting between Commerce Minister Jam Kamal Khan and Iranian Minister for Industry, Mines and Trade Mohammad Atabak on the sidelines of Iranian President Masoud Pezeshkian's two-day state visit to Pakistan.
Time of India
03-08-2025
- Business
- Time of India
Pakistan, Iran decide to increase bilateral trade to USD 8 billion annually
Pakistan and Iran agreed on Sunday to increase bilateral trade to USD 8 billion annually, taking advantage of their geography and the "discount of distance," as trade ministers from the two countries held discussions to deepen economic and political ties. The agreement was reached during a meeting between Commerce Minister Jam Kamal Khan and Iranian Minister for Industry, Mines and Trade Mohammad Atabak on the sidelines of Iranian President Masoud Pezeshkian's two-day state visit to Pakistan. 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"[During the meeting], Kamal envisioned that, if fully leveraged, bilateral trade between Pakistan and Iran could easily exceed USD 5-8 billion annually in the coming years," the ministry said. Live Events Before departing from Tehran, Pezeshkian had said Iran and Pakistan have always maintained "good, sincere, and deep relations" and plan to increase bilateral trade volume to USD 10 billion annually. During Sunday's meeting, emphasis was placed on maximising the potential of neighbourhood trade, with Khan highlighting how ASEAN countries have benefited enormously by trading within their region. "Geography is an advantage. Pakistan and Iran must utilise this discount of distance. If we don't, we lose both time and cost benefits," he stated. The Pakistani minister suggested organising targeted trade delegations that include representatives from federal and provincial chambers of commerce, enabling focused discussions on market access and regulatory facilitation, according to the statement. "We've done this model successfully in Belarus and elsewhere," he was quoted in the statement as saying. "Let's do the same for Iran, starting with sectors that show the greatest potential for mutual benefit." The ministers also expressed a shared commitment to increasing the use of existing trade corridors and border facilities. Atabak also highlighted ongoing discussions about increasing Pakistani exports to Iran and encouraged swift follow-up on newly signed agreements. "Traders and industrialists in both countries are ready. They trust each other. What they need now is a clear and consistent facilitation mechanism from our side," he noted. Khan said that beyond bilateral gains, such connectivity could expand to Turkey, Central Asia, Russia, and even parts of West Asia, creating an economic bloc of substantial power and resilience. Atabak supported the idea of holding a dedicated B2B day during every high-level visit and offered to bring Iranian business groups to Pakistan for in-depth meetings, the statement said. Both ministers agreed on the importance of identifying specific sectors such as agriculture, livestock, services, energy, and cross-border logistics for future collaboration, the statement said. "With high-level political alignment and mutual trust, Pakistan and Iran appear poised to enter a new phase of strategic economic partnership that could reshape regional trade dynamics," it added.
