TEHRAN- Iran is ready to supply 1000-3000 megawatts of electricity to Pakistan if Islamabad signs an agreement with Tehran, according to Iranian Ambassador to Pakistan Mehdi Honardoost. He made the remarks on Thursday when visiting Islamabad Chamber of Commerce and Industry (ICCI), The Nation reported. The Iranian envoy said Iran’s gas pipeline (IP) project could […]
TEHRAN- Iran is ready to supply 1000-3000 megawatts of electricity to Pakistan if Islamabad signs an agreement with Tehran, according to Iranian Ambassador to Pakistan Mehdi Honardoost.
He made the remarks on Thursday when visiting Islamabad Chamber of Commerce and Industry (ICCI), The Nation reported.
The Iranian envoy said Iran’s gas pipeline (IP) project could address energy issues of Pakistan and bring many benefits to its economy by providing cheap power supply. He said Iran has spent millions of dollars to bring gas pipeline up to the border of Pakistan, but there was no progress on Pakistan’s side.
He said though Pakistan-Iran trade has improved to $1.2 billion in 2017; it was not reflective of the true potential of both countries.
About banking channels, he said it involved some technical discussions; however, the ball was now in Pakistan’s court as Iran was ready to enter into any workable arrangement with Pakistan to facilitate the private sectors of both countries in banking transactions for bilateral trade.
ICCI President Sheikh Amir Waheed, for his part, said that Pakistan-Iran bilateral trade has been showing an inconsistent pattern and both countries should facilitate private sectors in trade promotion efforts.
MA
