Tag Archives | Pakistan

Oil Minister Slams Pakistan’s Inaction on Gas Deal

Iranian Oil Minister Bijan Namdar Zanganeh highlighted the problems facing the completion of a long-awaited gas pipeline between Iran and Pakistan, saying that Islamabad has no clear answer about its plans for “the valid gas contract”. Speaking to reporters after his meeting with Hungarian Economy Minister Mihaly Varga, Zanganeh said Hungary has experience in the […]

Indian Wheat Reaches Afghanistan via Iranian Port

Afghanistan has received an inaugural consignment of wheat from India through Iran’s strategic port of Chabahar, opening a new trade and transit route for the landlocked nation that bypasses neighboring Pakistan, a report said. The shipment of almost 15,000 tons of wheat dispatched from India’s western port of Kandla on October 29 reached the Iranian […]

Pakistan to Import Additional Power from Iran

By John Lee. The government of Pakistan is considering importing 100 MW of additional electricity from Iran. According to a report from Pakistan Today the additional power would be used to meet the growing demand for electricity in Gawadar city. At present, power demand in the Gawadar area is met through import of 104 MW […]

68 Tons of Illicit Drugs Seized in SE Iran in 6 Months

Iran’s anti-narcotics police forces have managed to capture 68 tons of illicit drugs in the southeastern province of Sistan and Balouchestan during a six-month period, the provincial police chief announced on Monday. Speaking to the Tasnim News Agency, Brigadier General Mohammad Qanbari said during the first six months of the current Iranian year (which began […]

Iran Ready for Free Trade with Regional Countries

Head of Iran’s Trade Promotion Organization (TPO) Mojtaba Khosrotaj said the Islamic Republic is prepared to establish preferential tariffs and free trade with some regional countries, particularly Afghanistan, Pakistan, and Oman. Speaking at a meeting of a working group on the development of non-oil exports of the southeastern province of Sistan and Balouchestan, Khosrotaj underlined […]

Cargo Line Opened between Qatar, Turkey via Iran

Qatar has opened a land and sea cargo line with Iran and Turkey in a bid to reduce the Arab country’s cargo shipping costs by 80 percent, a report said. Former editor-in-chief of Qatar’s al-Sharq newspaper, Jaber Al-Harmi, said via twitter that the Persian Gulf Arab state has opened a land and sea cargo line […]

West Karoun Oilfields, IP Gas Pipeline Projects Prioritized

Iran’s First Vice-President Es’haq Jahangiri has tasked the Oil Ministry with implementing 11 prioritized projects in the oil and gas sector by the end of the current Iranian calendar year (March 20, 2018). Increasing the output of West Karoun oilfields by 100,000 barrels per day (bpd) to reach 350,000 bpd, and completing the gas pipeline […]

Iran Seeking Free Trade with Pakistan

Iran’s interior minister stressed the need for achieving a free trade pact with Pakistan, saying closer economic ties between the two neighbors will contribute to sustainable security along the common border. Speaking to reporters on the sidelines of a meeting of Iran-Pakistan economic cooperation in Tehran on Monday, Abdolreza Rahmani Fazli said a target of […]

Iran, Pakistan Sign Banking Agreement to Facilitate Trade

The Central Bank of Iran (CBI) and the State Bank of Pakistan (SBP) signed a Banking and Payment Arrangement (BPA) to streamline trade transactions between the two nations. “The objective of this BPA is to provide a trade settlement mechanism to promote trade between Pakistan and Iran,” SBP said in a statement on Friday, DAWN […]

Iran Eyes Becoming Regional Hub of Nuclear Medicine

A target at the top of the agenda of the Atomic Energy Organization of Iran (AEOI) is to turn the country into the region’s hub for production of nuclear medicine, Iran’s top nuclear official announced. Addressing a ceremony to mark the National Nuclear Technology Day in Tehran on Sunday, Head of AEOI Ali Akbar Salehi […]

Pakistan Trade with Iran to Start Next Month

By John Lee. Pakistan and Iran will resume banking channels from next month to facilitate official trade between the two countries, according to a report from The News. Zubair Tufail, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) said he expects the first letter of credit (LC) for Iranian trade will […]

India Seeking Rail Link with Iran, Turkey

Indian Railways is considering the possibility of building a transcontinental rail freight service that would connect India with Iran and Turkey, a report said. The ambitious plan is expected to be a real boon to the Asia Pacific region’s people and business, India’s Business Today website reported. It is expected to bring about a major boost […]

Construction of Iran-Oman-India Pipeline “Imminent”

An official with New Delhi-based South Asia Gas Enterprise Pvt Ltd (SAGE) said that the implementation of a plan to build an undersea gas pipeline to export Iran’s gas via Oman Sea and Indian Ocean to India is imminent. “With the sanctions being lifted, that has definitely changed the game, and the level of interest […]

Iran keen to Increase Electricity Supply to Pakistan to 3,000 MW

By John Lee. Iran is reported to be keen to increase its electricity supply to Pakistan from 130 megawatts to 3,000 megawatts. According to Pakwired, the Iranian Consul General to Pakistan, Ahmad Mohammadi, told an event in Karachi: “The expansion of ties with neighboring countries is one of the priorities of Iran’s foreign policy and […]

Iran, Pakistan to Boost Trade Five-Fold

The Chairman of the Iranian Parliament’s National Security and Foreign Policy Commission, Alaeddin Boroujerdi, said Tehran and Islamabad have decided to boost trade five-fold to $5 billion. Boroujerdi made the remarks recently after a meeting with senior Pakistani officials in Islamabad. He added that the two neighboring countries have also agreed to connect Iran’s Chabahar […]

Iran near Bottom in “Passport Power”

By John Lee. Iran has been rated joint-tenth-from-the-bottom of the list in a ranking of the ‘passport power’ of 199 countries around the world. The list, compiled by passportindex.org, ranked passports by their ability to allow persons to travel visa-free to other destinations. Top of the list was Germany, followed by Sweden and Singapore, while […]

Direct Flight between Iran, Pakistan Soon

Iranian Ambassador to Islamabad Mehdi Honardoost said Iran and Pakistan have agreed to establish direct flights between the two nations in the near future. Pakistan and Iran agreed to boost their cooperation in the aviation industry and transportation by establishing a direct flight route between Tehran and Islamabad, Honardoost said on Friday during a meeting […]

Indian Trade Mission to Discuss Rice Exports

India plans to send a delegation to Iran to discuss ways for resuming exports of its Basmati rice to the Islamic Republic, the president of All India Rice Exporters Association said. Mohinder Pal Jindal said the delegation comprising government officials and exporters will travel to Iran on January 27-29, The Economic Times reported. He added […]

Pakistani Cabinet Considers Iran Gas Pipeline Project

The Pakistani government is to discuss the details of the Iran-Pakistan (IP) gas pipeline project. The 56-inch diameter pipeline will initiate from South Pars gas field Iran and end at Nawabshah covering a distance of around 1,931 kilometer with 1,150 km portion in Iran and 781 km in Pakistan. The implementation is to be done […]

$500m Allotted to Iran Border Province Development

The Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei has issued an order to withdraw a sum of $500 million from the country’s sovereign wealth fund for development projects in the southeastern province of Sistan and Balouchestan. Speaking on the sidelines of a military event on Monday, Iran’s Parliament Speaker Ali Larijani unveiled plans […]