Pakistan, Iran agree to hold JEC to consolidate cooperation

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Pakistan and Iran agreed to hold joint economic commission in Islamabad soon to consolidate the bilateral cooperation as agreed between the leaderships of the two countries with particular focus on development of gas pipeline and electricity.

Finance Minister Ishaq Dar met with Finance Minister of Iran Ali Tayyebnia on the sidelines of World Bank and International Monetary Fund (IMF) meetings in Washington during which both the ministers discussed matters of mutual interest.

Senator Dar informed his Iranian counterpart that the government had approved the 700 kilometres section of the pipeline from Gwadar to Nawabshah and that Pakistan was considering various alternatives to meet the financial requirements.

He also conveyed personal regards of Prime Minister Nawaz Sharif to the president and supreme leader of Iran, according to a press statement issued by finance ministry on Monday.

On the occasion, the Iranian finance minister appreciated the resolve of Pakistan in completing 700km portion of Iran-Pakistan Gas pipeline and expressed hope that in future more pipeline projects between the two countries may materialise.

The Iranian minister expressed his gratitude for Pakistan’s resolve in forging a long-term cooperation between the two countries. He especially mentioned positive attitude demonstrated by Prime Minister Nawaz Sharif for boosting ties between the two countries.