Pakistan, July 19 -- Pakistan's top business body on Saturday said bilateral trade with Iran could rise to $10 billion annually within the next three to five years, from the current $2.8 billion, if both countries strengthen industrial partnerships, improve banking channels and simplify cross-border trade procedures.

In a statement released today, Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), emphasised that the current volume of bilateral trade between Pakistan and Iran falls significantly short of its true potential.

Sheikh welcomed the recent engagement of a high-profile Iranian business delegation from Arak Province with FPCCI.

The Iranian delegation was led by Naser Beigi, Pr...