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Since inception, Pakistan and Iran have been experiencing good relations but sometimes due to new requirements and changes in the global politics both the neighbours also witnessed some challenges as well. This paper will explore whether Pakistan and Iran will be able to develop close strategic relationship with each other in the near future. However, Pakistan has already established its strategic relationship with Iran‟s regional rival Saudi Arabia. On the other side after 9/11, Iran has been trying to build closer relationship with Pakistan‟s enduring rival India. For how long, that trajectory would affect Pakistan and Iran relations. The paper will also highlight Iran‟s developing strategic relationship with Russia and China and it is expected that such development would prevent Iran from moving closer towards India.