PR No. 33 “WE ARE LOOKING FORWARD TO ACQUIRE ENERGY FROM IRAN WHICH IS THE QUICKEST, CLOSEST AND CHEAPEST ENERGY SOURCE FOR PAKISTAN.”: KHAWAJA MUHAMMAD ASIF Islamabad

Mr. Mehdi Honardoost, Ambassador of Iran called on Khawaja Muhammad Asif, Federal Minister for Water and Power & Defense. During the call areas of mutual interest and bilateral cooperation in the fields of energy and trade came under discussion.

The Minister said that Pakistan and Iran are tied in decades long religious, social and cultural bonds and that Pakistan greatly values its fraternal ties with Iran and considers Iran a close friend and a good neighbour. He further said that Pakistan will explore every possibility to acquire energy from Iran as energy from Iran is the quickest, closest and cheapest energy source for Pakistan. “Energy sector in Pakistan is a lucrative sector for investment and Iran should invest in Power Generation, Power infrastructure and power transmission and distribution projects”, added the minister.

The Minister also emphasized on the importance of CPEC and said that it is the most important project in the region and stressed that all the regional countries should make their planning to get maximum benefit from it.

The Iranian ambassador said that after the lifting of foreign sanctions the country have a great potential for investment and priority would be given to neighbouring countries. “The essence of Pak-Iran friendship would be materialized in the form of some projects and Iran Pakistan Gas Pipeline is one of the best projects inproviding safe and cheaper energy to Pakistan and creation of jobs in both countries”, added the ambassador.

Both the sides agreed to hold further meetings in this regard to improve cooperation and coordination in the fields of energy and trade.

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