Mehdi Honardoust, who was speaking in a meeting with Pakistani Minister for Commerce and Textile Muhammad Pervaiz Malik in Islamabad on Wednesday, noted the two countries have long had strong cordial relations but a lot more needs to be done to enhance bilateral trade using the full potential in this respect, IRNA reported.
He noted that a lack of banking channel between the two countries is a major hurdle to bilateral trade ties.
The diplomat said that Iran is a major trading partner of China, Russia and many other countries but its trade with Pakistan is still not at a satisfactory level.
He added that both countries have decided to increase the trade to $5 billion per year by 2021, adding, however, to achieve the goal they are faced with a number of obstacles, particularly, when it comes to trade between their businessmen.
"Huge trade potential exists between Iran and Pakistan," he said.
Underlining the importance for Pakistan to complete the IP gas pipeline project, Honardoust said the project can create more jobs and also bring peace and stability to the region.
The ambassador said last year, many achievements were made in strengthening Iran-Pakistan ties. "We share the same goals and have the same destiny," said the Iranian diplomat.
He added the two countries' people deserve better cordial relations.
During the meeting, the ambassador congratulated Malik on assuming office at the Commerce and Textile Ministry.
The Pakistani minister welcomed the Iranian ambassador and expressed good wishes for Iranian leadership. He said Iran and Pakistan enjoy strong brotherly ties.
He assured the ambassador of full support in boosting trade ties with Iran.
The minister said that the future of Iran-Pakistan ties is very bright.
He said that Iran and Pakistan are two major countries of the Muslim world that can play a very important role in ensuring its greater stability.