Thursday, September 21, 2023

Pakistan to buy more electricity from neighboring Iran.

ISLAMABAD, Aug 8 (Reuters) – Pakistan will buy more electricity from neighbouring Iran, a finance ministry statement said on Tuesday.

The decision was taken at an Economic Coordination Committee chaired by Finance Minister Ishaq Dar.

Energy-starved Pakistan already has contracts to purchase electricity from Tehran for its border regions, especially for China-backed development projects on Gwadar port.

The new proposal came a week after the Iranian foreign minister visited Islamabad. …