Pakistan’s reliance on imports from Iran has continued during the current fiscal year, with official sources reporting a slight increase in trade volume compared to the previous year.
According to sources, Pakistan imported goods worth $780 million from Iran during the first seven months of the ongoing fiscal year. This marks an increase from $765 million recorded in the same period of the last fiscal year.
The data indicates a growth of nearly 2 percent year-on-year, reflecting a modest upward trend in bilateral trade between the two neighboring countries.
Steady Growth in Bilateral Trade
Officials noted that both countries have already agreed to expand bilateral trade to $10 billion, signaling long-term ambitions to strengthen economic cooperation despite external constraints.
Trade figures also show that Pakistan’s imports from Iran witnessed a significant rise of 18 percent in the previous fiscal year. During FY2024–25, imports from Iran stood at $1.222 billion, compared to $1.037 billion in FY2023–24.
This upward trajectory highlights a gradual strengthening of commercial ties, particularly in energy and essential commodities.
Export Challenges Persist
Despite rising imports, Pakistan’s exports to Iran have remained consistently negligible in recent years. Sources revealed that exports to Iran have stayed at zero for the past three consecutive fiscal years.
Officials attributed this situation mainly to restrictions caused by U.S. sanctions on Iran, which have limited banking channels and made formal trade settlements difficult. The lack of financial connectivity between the two countries has been identified as a key barrier to export activity.
