They agreed for setting up an investment fund to encourage private sector to undertake investment in their respective countries. - File photo

ISLAMABAD: Pakistan and Iran in a meeting between Iranian Foreign Minister Ali Akbar Salehi and Prime Minister Syed Yousuf Raza Gilani in Islamabad on Thursday, have agreed to expedite work on the gas pipeline project.

The two sides also agreed on taking urgent steps for import of one thousand megawatt of electricity from Iran. They also discussed regional situation and matters of bilateral interest.

They also agreed to take necessary measures including the removal of trade barriers for increasing the volume of trade between the two friendly countries.

It was further decided to hold meetings of the joint ministerial commission on regular basis for effective implementation of decisions taken at various levels between the two countries.

They agreed for setting up an investment fund to encourage private sector to undertake investment in their respective countries.

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

All this talk
30 Apr, 2024

All this talk

IT is still early days, but there have been several small developments over the past week that, it is hoped, may add...
Monetary policy
30 Apr, 2024

Monetary policy

ALIGNING its decision with the trend in developed economies, the State Bank has acted wisely by holding its key...
Meaningless appointment
30 Apr, 2024

Meaningless appointment

THE PML-N’s policy of ‘family first’ has once again triggered criticism. The party’s latest move in this...
Weathering the storm
Updated 29 Apr, 2024

Weathering the storm

Let 2024 be the year when we all proactively ensure that our communities are safeguarded and that the future is secure against the inevitable next storm.
Afghan repatriation
29 Apr, 2024

Afghan repatriation

COMPARED to the roughshod manner in which the caretaker set-up dealt with the issue, the elected government seems a...
Trying harder
29 Apr, 2024

Trying harder

IT is a relief that Pakistan managed to salvage some pride. Pakistan had taken the lead, then fell behind before...