Pakistan and Iran signed and exchanged twelve agreements and memoranda of understanding in Islamabad on 3 August, deepening cooperation in areas ranging from plant quarantine and maritime safety to information-technology, railways and climate action. The documents were exchanged in a ceremony attended by Prime Minister Shehbaz Sharif and visiting Iranian President Dr Masoud Pezeshkian. Ahead of the signing, Pakistan’s Commerce Minister Jam Kamal Khan and Iran’s Minister for Industry, Mine and Trade Mohammad Atabak agreed to raise annual bilateral trade to about $8 billion, compared with the $2.8 billion recorded in the fiscal year that ended in June. Sharif said the two sides ultimately aim to lift trade to as much as $10 billion. Both governments also issued a joint ministerial statement expressing intent to finalise a free-trade agreement and to accelerate cross-border infrastructure projects, including the joint use of the Mirjaveh–Taftan border gate. Officials from the two countries committed to convene the next session of the Pakistan-Iran Joint Economic Commission to advance the new targets.