ISLAMABAD: Breaking away from the popular narrative that Iran is developing Chabahar port as a rival to Gwadar port, Iran has expressed interest in participating in the China-Pakistan Economic Corridor Project (CPEC), terming it one of the greatest projects in the region.
Iran Ambassador to Pakistan Mehdi Honardoust said this while talking to Federation of Pakistan Chamber of Commerce and Industry (FPCCI) President Abdul Rauf Alam.
Iran’s Ambassador said his country has the capability to help with the development of Pakistan’s economy especially in terms of
facilitating energy supply, construction of roads,
railways dams and others area.
“The bilateral trade will get unprecedented boost after resolution of problems regarding banking, which would disappear soon,” said the ambassador.
“Iran is interested in participating in the CPEC, which is one of the greatest projects in the history of the region. Pakistani textiles, rice, surgical goods, sports goods and agricultural products are in great demand in Iran,” he informed.
He claimed that Iranian gas is the cheapest, fastest and most dependable source of energy for Pakistan which should be initiated soon as Iran has completed its part of the pipeline by spending two billion dollars.
Many countries including China, India, Turkey, Japan and South Korea have continued to buy energy from Iran during and after sanctions, he added.
Speaking at the occasion, FPCCI chief Rauf Alam said that Pakistan can increase electricity imports from Iran but Tehran must first reduce the price.
Published in The Express Tribune, September 10th, 2016.