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Saturday May 18, 2024

Pakistan, Iran to establish joint economic zone

The two countries had also given a final shape to the MoU draft for establishment of joint economic zone at the Gabd-Rimdan border

By Our Correspondent
April 21, 2024
Prime Minister Shehbaz Sharif (L) meets Iran’s President Seyed Ebrahim Raisi. — PM Office/File
Prime Minister Shehbaz Sharif (L) meets Iran’s President Seyed Ebrahim Raisi. — PM Office/File

ISLAMABAD: Pakistan and Iran will sign a Memorandum of Understanding (MoU) for the establishment of a joint economic zone during the visit of Iranian President, Ebrahim Raisi, to the country from April 22 to 24.

The federal cabinet has accorded approval to the MoU on a summary through circulation. The signing of MoU marks the start of a new era of economic relations between the two countries.

The two countries had also given a final shape to the MoU draft for establishment of joint economic zone at the Gabd-Rimdan border.

There are many Iranian products having potential market in this part of the world whereas Pakistan could also export agricultural and textile products, pharmaceuticals, iron and steel products to the brotherly country.