Pak imports from Iran increase despite tension

ISLAMABAD: Despite the recent tensions, Pakistan’s imports from Iran have increased significantly.

In January, Pakistan’s imports from Iran have increased on an annual and monthly basis. Imports from Iran rose 25 percent year-on-year in January. Imports from Iran increased by 17 percent from July to January this year. In January 2024, the volume of imports from Iran was $10.42 million. Imports from Iran in December 2023 were USD89.2 million.

Imports from Iran in January 2023 were $83.2 million and from July to January this year were USD591.4 million. The volume of imports from Iran from July to January last year was $505 million.

Pakistan and Iran recently formulated a 5-year plan to increase trade cooperation. The two countries had agreed to increase bilateral trade to USD5 billion by 2028.