Iran, Pakistan to hold joint economic commission soon to discuss fate of gas project

TEHRAN (FNA)- Tehran and Islamabad agreed to hold their joint economic commission to mainly discuss completion of the IP gas pipeline and export of Iran’s electricity to Pakistan.

The agreement was reached between Iranian Economy Minister Ali Tayyebnia and his Pakistani counterpart Mohammad Ishaq Dar in Washington on the sidelines of the 2014 annual meeting of the International Monetary Fund (IMF) and the World Bank Group there.

The two sides agreed to hold the Iran-Pakistan Joint Economic Commission before winter with the participation of the two countries’ economy ministers and officials.

Last month, Iranian Foreign Minister Mohammad Javad Zarif and his Pakistani counterpart Hanna Rabbani called on relevant officials to do their best to remove the existing barriers to the expedition of the Iran-Pakistan (IP) gas pipeline project.

In a meeting in New York, the two sides pointed out that more delay in implementation of the pipeline in Pakistani soil is not economic, and vowed to coordinate efforts to make the fruitful project operational in near future.

The Iranian and Pakistani foreign minister also underlined the need for increasing the trade transactions volume and strengthening cooperation between the two countries’ trade ministries and their interior ministries to increase the security of the borders to prevent drug trafficking, illegal trespassing and activities of the terrorist groups.

Iran wishes to export its natural gas to Pakistan, India and China through the pipeline.

Iran has already built its 900-kilometer share of the pipeline on its own soil and is waiting for the 700-kilometer Pakistani side of the pipeline to be built.

Iran and Pakistan signed an agreement over the construction of a gas pipeline in 1995. Later, Iran made a proposal to extend the pipeline from Pakistan into India. In February 1999, an accord between Iran and India was signed.

But due to the US pressure, India withdrew from the project in 2009.

By Fars News Agency


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