Opening border projects, Iran, Pakistan vow to boost ties
Heads of states of Iran and Pakistan have said in a meeting held at the border of the two countries that they would seek to expand economic and trade ties to levels not seen before.
Iranian President Ebrahim Raeisi and Pakistani Prime Minister Shahbaz Sharif were at the zero border point in Iran’s southeast to open a first of six border marketplaces that they said would lead to a significant rise in cross-border trade between the two neighbors.
The sustenance market on the border between Iran’s Pishin and Pakistan’s Mand regions would allow individuals living within 50 kilometers of the border to buy and sell up to $400 worth of goods per week without paying customs duties.
Raeisi and Sharif also opened an electricity transmission line between Polan in Iran and Gabd in Pakistan. The line will enable Pakistan to import 100 megawatts of electricity from Iran for meeting household and business demand in its Gwadar region.
Both Raeisi and Sharif said they were happy with the state of “brotherly and friendly” relations between Iran and Pakistan although they insisted cooperation between the two should expand.
“Today, the determination of Iran and Pakistan is that the level of their relations should be elevated from what they have now,” said Raeisi in a joint press conference with Sharif.
Sharif was quoted as saying in the Pakistani media that he had agreed in his meeting with Raeisi that Iran and Pakistan should enhance bilateral cooperation in trade, investment, information technology, agriculture, power, energy, and other sectors.
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