Minister for Economic Affairs Sardar Ayaz Sadiq says Pakistan looks forward to exploring the true potential of bilateral cooperation with Iran.

He was talking to outgoing Ambassador of Iran to Pakistan Syed Mohammad Ali Hosseni, who paid a farewell call on him in Islamabad today.

During the meeting, both sides agreed to maintain close contact to ensure the continued progress of the economic cooperation between the two brotherly countries.

Ayaz Sadiq expressed his gratitude to Ambassador Hosseini for his dedicated service to strengthening the economic ties between Pakistan and Iran.

He noted that under the leadership of the Iranian Ambassador, bilateral trade increased significantly and several joint projects were initiated in various sectors, including energy, agriculture and infrastructure.

The Minister also praised the Ambassador for his proactive and focused role in facilitating the Iran-Pakistan gas pipeline project.

Ayaz Sadiq said Pakistan values reciprocal and congenial relations with its very important neighbouring country Iran.

On this occasion, the Iranian Ambassador reiterated his country's commitment to further enhancing the economic relations between the two countries.

He apprised the Minister that for the first time in the history of Pak-Iran economic relations, the volume of bilateral trade exceeded two billion dollars.

The Ambassador said currently, Iran is exporting 144 MW of electricity to Pakistan, and this figure is expected to be doubled after the completion of power projects in Pakistan.