Pakistan and Iran have signed agreements to raise bilateral trade to $10bn and strengthen cooperation on regional security and counterterrorism, according to Firstpost.

The deals were signed during Iranian President Masoud Pezeshkian’s two-day visit to Pakistan. Prime Minister Shehbaz Sharif reaffirmed support for Iran’s peaceful nuclear rights and condemned recent Israeli aggression backed by the US.

Pezeshkian voiced confidence in quickly reaching the trade goal, while both leaders stressed the need for peace and prosperity in the region.

Analysts say formalising existing informal trade could open a potential route linking Pakistan to Europe, Firstpost reported.