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Pakistan to Open Border Marketplaces and Electricity Transmission Line with Iran

admin-augaf by admin-augaf
May 17, 2023
in Business, Finance
Reading Time: 1 min read
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Pakistan to Open Border Marketplaces and Electricity Transmission Line with Iran
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Islamabad May 17 2023: Prime Minister Shehbaz Sharif and Iran’s President Seyed Ebrahim Raisi will jointly inaugurate the Mand-Pishin border sustenance marketplace and Polan-Gabd electricity transmission line at the Mand-Pishin border crossing point on Thursday.

The Foreign Office in a statement on Wednesday said this would be one of the six border markets to be constructed along the Pak-Iran common border.

“The Mand-Pishin border sustenance marketplace will provide a thriving platform for increasing cross-border trade, fostering economic growth, and opening up new avenues of opportunity for local businesses,” it said.

The Polan-Gabd Electricity Transmission Line plays a pivotal role in meeting the energy needs of the region, including households and businesses, by bringing-in additional 100 MW of electricity from Iran.

“The joint inauguration is a manifestation of the strong commitment of Pakistan and Iran to uplift the welfare of residents of the neighboring provinces of Balochistan and Sistan-o-Baluchestan, respectively,” it said.

The FO said it would also serve as a significant stride forward in the bilateral relationship between the two countries.

Tags: Market place
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