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Iran is ready to cooperate with Pakistan in meeting its energy needs as well as construction of new power houses, Iranian Finance Minister Dr Ali Taeibnia said. During a meeting with Punjab Chief Minister Shahbaz Sharif, here on Wednesday, Iranian minister said that Iran wants to strengthen it economic and trade ties with Pakistan and hoped that like cultural and political relations, economic and trade ties between the two countries would also touch new heights.
He said that Punjab's textile industry has a vast potential and trade relations could be further strengthened through promoting co-operation in this sector. "Time has come to take practical steps for the promotion of bilateral cooperation between the two countries," he said. A high-level Iranian delegation led by Minister for Economic Affairs and Finance Dr Ali Taeibnia is currently on a visit to Pakistan. During meeting with Punjab Chief Minister Shahbaz Sharif, it was agreed to promote trade and economic relations as well as cooperation between the two countries in energy, agriculture, livestock, industries and transport sectors.
Dr Ali Taeibnia said the leaderships of Pakistan and Iran are determined to promote bilateral relations. Talking to the Iranian Minister for Economic Affairs and Finance, the Chief Minister said that there are historical and brotherly relations between Iran and Pakistan and time has come to take practical measures to transform them into economic and trade ties. He said that a modern slaughter house has been set up in Lahore with the cooperation of Iran and there is a need for promotion of cooperation in other sectors as well for the benefit of the people of the two countries. He said that setting up of a joint commission between Pakistan and Iran and signing of some agreements in Islamabad augurs well for future relations.
Shahbaz said that though Pakistan is facing various challenges but the government led by Prime Minister Muhammad Nawaz Sharif is determined to cope with these problems. He said that there is a vast scope of promotion of bilateral cooperation in energy, agriculture, livestock, industries, transport and other sectors and there is a need to benefit from the existing opportunities.
The Chief Minister, while proposing to set up a joint committee between Punjab and Iran for promoting cooperation in different sectors, said that it should devise a strategy for practical and speedy measures for promoting cooperation in different sectors. He said that Punjab government has completed metro bus project in Lahore with the cooperation of Turkey in a very short period while metro bus project in Rawalpindi is in its final stages of completion. He said that Iran has executed metro projects in its cities and Punjab government wants that Iran should consider promotion of cooperation with Punjab also in metro projects. He said that Iran has expertise in manufacturing plants for generation of power from gas and Iranian cooperation in this regard will be welcomed.
He said that LNG terminal in Karachi will start operating in 2015 and it will help meet requirements of power houses. The Chief Minister expressed keen interest in Iranian gas plants of power generation.
Iranian Finance Minister, while assuring cooperation regarding metro projects, welcomed the Chief Minister's proposal for the setting up a joint committee between Punjab and Iran. He said that Chief Minister Shahbaz Sharif has taken practical measures for the progress of the people in the real sense and he is a dynamic leader. Iranian Finance Minister also invited Muhammad Shahbaz Sharif to visit Tehran. The Chief Minister thanked Iranian Finance Minister for his invitation and said that he would visit Iran as soon as possible.
Provincial ministers Mujtaba Shuja-ur-Rehman, Rana Mashhood Ahmad, Director General Walled City, Secretaries of Planning and Development, Health, Industries, Livestock, Excise and Taxation, Deputy Minister of Iran Dr Mohammad Khazaeel, Governor of Iranian province Sistan Osat Hashmei, Ambassador Ali Raza and other senior authorities were also present on the occasion.

Copyright Business Recorder, 2014

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