ISLAMABAD: Pakistan and Iran set to resume negotiations over implementation of Iran-Pakistan (IP) Gas Pipeline Project, Business Recorder reported on Monday.
According to a report in Business Recorder Iran has also declared its readiness to discuss exporting oil and petrochemical products and technical services from Iran to Pakistan.
It is worth mentioning that the work on IP gas pipeline was stalled due to US sanctions on Iran as no Pakistani bank was ready to take the risk of financing the project.
Banking quarters are aimed to enhance and expedite bilateral banking relationship between the two countries; both sides have expressed their willingness to explore correspondence banking relationships.
Pakistani side agreed to share its opinion regarding SEPAM with Iranian side. In addition, the Iranian side will share the details of block chain-based financial messaging system through diplomatic channel. The Pakistani side will share its views within two months after receipt of the model, the report added.
The two sides expressed their desire to complete the 230 kV Plan (Iran)-Gwadar (Pakistan). According to the Pakistani side’s request from Iran to supply 100 MW of electricity through the Polan-Gabd transmission line with a voltage level of 132 kV, it has been agreed for the Pakistani side to take all measures related to construction of the transmission line in its territory as soon as possible.
