Pakistani business community hopes Iran war ends soon to restore trade and energy cooperation According to BlockBeats, on July 22nd, according to The New York Times, the escalating conflict in Iran has put immense pressure on the Pakistani business community. Due to the breakdown of the ceasefire agreement, a large amount of mangoes, textiles and other goods shipped to Iran have been stranded at the border, and some fruits have rotted and spoiled. Business people say that peace not only means a drop in energy prices, but also means that Pakistan has the opportunity to fully develop its trade potential along the approximately 900 kilometer long border with Iran. Affected by factors such as tense relations with India and Afghanistan, the Pakistani economy continues to be under pressure, and the business community had hoped to ease the situation by deepening trade with Iran. However, the long-term sanctions imposed by the United States on Iran have severely restricted bank settlements, energy cooperation, and trade between the two sides, forcing a large amount of trade to rely on barter, third-party transit, or smuggling channels. The Pakistani business community believes that if Iran sanctions are relaxed in the future, the scale of trade between the two countries is expected to significantly expand. Pakistan can export rice, textiles, medicine, and medical equipment to Iran, while Iran can provide Pakistan with lower priced oil and natural gas and create opportunities for Pakistani companies to participate in Iran's post-war reconstruction. Currently, several entrepreneurs have stated that they will continue to remain cautious until the situation becomes clear. [Original link]