Decision to rationalise tariff regime and boost bilateral trade; Private sector to be encouraged through investment fund
Pakistan and Iran on Thursday decided to expedite gas pipeline project and to rationalise tariff regime to boost the bilateral trade besides agreeing for an investment fund to encourage the private sector to undertake investment in their respective countries and import of 1000 megawatts (MW) of electricity from Iran.
These major decisions were made during a meeting between Iranian Foreign Minister Dr Akbar Salehi and Prime Minister Yusuf Raza Gilani. Both the leaders also decided that the joint ministerial commission should meet frequently to follow up decisions taken at various levels of meeting between the two countries. They also exchanged views on a whole gamut of relations spreading over trade, energy, communications, rationalisation of tariff and combating the threat of terrorism, which poses grave dangers to the security and economic advancement not only of the two countries but also of the region.
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