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Pakistan turns to Iran amid Persian Gulf shipping strains

Pakistan looks to deepen economic cooperation with neighboring Iran to diversify trade and counter the economic fallout of US-Israeli aggression and regional shipping disruptions.

1 min read

Nasir Kazmi
Press TV, Islamabad

Pakistan is exploring ways to protect its economy from disruptions caused by the US-Israeli-imposed war on Iran, which has affected its exports to markets across the Persian Gulf countries and increased shipping costs.

With a reported 387 million dollar shortfall in exports to Persian Gulf Arab countries, attention is now turning towards alternative trade opportunities, including stronger economic cooperation with neighboring Iran.