Pakistan, Aug. 5 -- President of the Korangi Association of Trade and Industry (KATI), Junaid Naqi, has welcomed the signing of 12 ministerial-level agreements between Pakistan and Iran, stating that the recently concluded negotiations on free trade agreement (FTA) will pave the way for economic prosperity and deeper bilateral cooperation between the two brotherly nations.

Naqi highlighted in a statement issued here that with mutual efforts, the trade volume could be expanded to $10 billion. He identified key sectors with significant potential, including textiles, pharmaceuticals, leather, and food products, and emphasized the importance of leveraging Iran's affordable energy resources for Pakistan's industrial growth.

"Pakistan and Ira...