Iraq has proposed the establishment of a maritime connection between its southern port city of Basra and Pakistan’s commercial hub, Karachi, as part of a broader effort to strengthen trade and logistics between the two nations, Karachi Chamber of Commerce and Industry (KCCI) announced on Wednesday.
The proposal was made by Iraq’s Consul General, Maher Mjhid Jejan, during a visit to the KCCI office, where he met with senior representatives to discuss ways to improve bilateral business ties.
“A marine connection between Basra and Karachi could play a key role in bringing business communities in both countries closer,” Kcci said in an official statement. “This connection can improve logistics and strengthen trade routes.”
The proposal comes at a time when Pakistan and Iraq have witnessed a remarkable uptick in bilateral commitment, especially at the ministerial level. In recent years, the two countries have launched dialogues on improving cooperation in defense, terrorism, intelligence division and landscape.
Pakistan, facing financial headwinds, has increased efforts to elaborate on trade and investment ties with regional allies. The government promotes active partnerships in key sectors as part of its strategy to attract foreign investment and increase sustainable economic growth.
Jejan informed KCCI officials about Iraq’s newly introduced investment legislation, specifically designed to attract foreign investors. He assured the chamber that these legislative changes would be shared with Pakistani stakeholders to help them better understand and exploit the new opportunities in Iraq.
The recognition of the quality of Pakistani exports encouraged the Iraqi diplomat greater participation from Pakistani exporters and investors in his country’s growing market. He noted that Iraq is experiencing rapid development and offers “enormous potential” for trade and investment and invites Pakistani business leaders to visit Iraq and witness the “peaceful and stable environment” from first.
During the meeting, KCCI Senior Vice President Zia UL ARFEEN shared trading figures, noting that Pakistan’s exports to Iraq amounted to $ 54.29 million in the 2024 financial year, while Iraq imports amounted to $ 145.46 million. He described this volume as markedly under the true potential that encouraged both sides to simplify customs procedures, increase the lightness of doing business and diversify marketable goods and services.
The Arfeen also flowed the idea of establishing an oil pipeline between Basra and Pakistan’s southwestern port city of Gwadar, suggesting it could serve as a critical trading corridor for Iraq, facilitating access to wider Asian markets.
