ISLAMABAD - Pakistan and Iran have agreed to complete power import project at the earliest and to enhance bilateral relations in the field of trade, energy and economy between the two countries.

The ambassador of Iran to Pakistan Alireza Highighlian called on Federal Minister for Water and Power, Syed Naveed Qamar here on Tuesday and discussed various matters of mutual interest and bilateral cooperation, says a press release issued here. The Federal Minister on the occasion said that both the countries enjoy brotherly relation and cooperation in various fields of economy will enhance bilateral relations.

“Three projects of electricity import from Iran are underway. Import of 35 MW which will be enhanced later to 70 MW will start commissioning in the current month while all the matters of 100 MW import project has been finalized and ready for groundbreaking. Pakistan and Iran have moved forward on import of 1000 MW power project. All the issues have been finalized except tariff which is in negotiations stage,” the minister said. The Minister said that all the three projects will help resolving electricity crises in Pakistan fulfil the future needs. “Pakistan is also encouraging Iranian investors who are keen to invest in Pakistan in infrastructure projects. There will open new avenues of cooperation and bilateral relations during visit of Iranian President to Pakistan.”

he Iranian Ambassador said that Iran also gives importance to its relations with Pakistan and keen to invest in various other projects. He expressed his satisfaction over the pace of import of electricity projects and expressed early completions. “Various new projects will be finalized during the visit of Iranian President to Pakistan which will enhance the economic ties between the two countries,” he concluded.