KARACHI: Iranian Overseas Minister Dr Javad Zarif on Tuesday reiterated his supply for assembly Pakistan’s electrical energy demand calling his nation a “reliable source” for its neighbour to get power assets.
Addressing a ceremony organised by Iran-Pakistan Enterprise Discussion board as part of 70-year celebrations of diplomatic ties, Mr Zarif referred to as the 2 international locations “emotionally” hooked up and emphasised the necessity to exploit the massive potential of bilateral commerce and funding.
“Iran was the first country to recognise Pakistan as an independent country. It’s time to cultivate this relationship to exploit the huge potential of trade and investment on both sides of the border. To achieve this objective, we need to increase interaction both at the government and private levels.”
Dr Zarif, accompanied by a big commerce delegation from Iran, had arrived on a three-day go to to Pakistan on Monday to commemorate the 70th anniversary of Pak-Iran diplomatic relations.
As a part of his engagement throughout the three-day go to, the Iranian overseas minister held conferences with outstanding businessmen of Pakistan on Tuesday and highlighted the financial potential of Iran and the alternatives for joint ventures with different international locations.
“Iran is always ready to help Pakistan meet its electricity demand to a great extent,” he stated, whereas recalling the variety of benefits his nation provided for Pakistan’s financial system and businessmnen. “Iran can be a reliable source for Pakistan to get gas and electricity. We are very much capable to produce as much electricity as Pakistan wants. I personally feel both the governments would have to sit together to remove tariff and non-tariff barriers, simplify the customs procedures and re-establish a banking channel after lifting of sanctions on Iran, speedy execution of Iran-Pakistan gas pipeline, signing of Free Trade Agreement, etc.”
He stated that businessmen from each international locations might strike offers in sectors like power, science and expertise, infrastructure, chemical compounds and human assets improvement.
Dr Zarif additionally lauded the discussion board, calling it a ‘bridge that could bring the people of two sides closer’.
Earlier, whereas addressing the discussion board, Sindh Chief Minister Syed Murad Ali Shah invited Iranian businessmen for funding within the province, primarily in Thar coal tasks, wind and photo voltaic power sector and infrastructure.
“Sindh offers phenomenal scope to investors, and over the years, massive development in energy sector proves this fact. By the next year, we would be producing 660MW electricity from coal in Thar. Similarly, renewable energy projects in Thatta, Jamshoro and Sukkur offer a great opportunity to the investors,” he stated.
Printed in Daybreak, March 14th, 2018