Pakistan wants to boost trade with Iran to $10b

August 11, 2012 - 17:27
ISLAMABAD (Business Recorder) – Pakistan’s Prime Minister Raja Pervez Ashraf said that Islamabad will go ahead with its multibillion-dollar projects with Iran, calling for immediate steps to lift the ceiling of bilateral trade to $10 billion.
 
According to a private Radio channel, in a meeting with Iranian Ambassador to Islamabad Alireza Haqiqian, the Pakistani prime minister said the two neighboring countries should ensure the expeditious implementation of bilateral projects including the Iran-Pakistan gas pipeline project as well as electricity projects.
 
Tehran and Islamabad have repeatedly stressed the importance of constructing the Iran-Pakistan gas pipeline despite pressure from the United States.
 
The multi-billion-dollar gas pipeline is aimed at exporting a daily amount of 21.5 million cubic meters of the Iranian natural gas to Pakistan.
 
Iran has already constructed more than 900 kilometers of the pipeline on its soil. 
 
The Pakistani prime minister further said that his country's relations with Iran were deeply rooted in historical, cultural and religious levels.