Iran has signed agreements with Pakistan to boost trade and security. The agreements were signed during Iran President’s visit to Pakistan.
Importance of the Agreements
- The talks between the two leaders mainly concentrated on economic relations and security reasons
- This is the visit by an Iranian president after 14 years to Pakistan
- The talks were about the issues related to energy, gas ,the export of electricity, economic integration in the region, promoting tourism and also focused on people to people contacts
- The visit also discussed about the controversial gas pipeline from Iran, through Pakistan to India
- Iran has invested over $2bn in the project, but Pakistan has yet to finish construction on its half of the pipeline
- They also witnessed the signing of six agreements related to trade and economy including a Five Year Strategic Trade Cooperation Plan
- The two countries were targeting $5 billion worth of mutual trade by 2021
Points to note
- Pakistan PM- Nawaz Sherif
- Capital- Islamabad
- Iran President– Hassan Rouhani
- Capital– Tehran
AffairsCloud Recommends Oliveboard Mock Test
AffairsCloud Ebook - Support Us to Grow
Govt Jobs by Category
Bank Jobs Notification