Iran, Pakistan agree to start joint venture in aviation
Focus on increasing visits between two countries.
KARACHI:
Iranian and Pakistani officials have agreed to set up a joint venture airline company to increase reciprocal visits by the two countries’ citizens, FARS news agency reported on Friday.
“We have decided to establish Iran-Pakistan joint airline company in a bid to enhance the trade ties and facilitate the people of two countries,” Iranian First Vice-President Mohammad Reza Rahimi said.
He said that Iran and Pakistan are joining hand in hands to attain their specific goals, and we can link the Far East to South Asia, Africa and Europe.
“We can take our first step in the Middle East and a second step in intercontinental transiting,” the Iranian vice-president added.
Earlier this month, Iranian and Pakistani officials signed several agreements on
mutual cooperation at the end of their 18th Joint Economic Cooperation Commission meeting in Islamabad.
At the meeting the two sides endorsed three agreements on Economic and Technical Cooperation, establishment of Iran-Pakistan Investment Company and cooperation in Electronic Media between Pakistan Broadcasting Corporation and PTV and the Islamic Republic of Iran Broadcasting (IRIB).
Meantime, reports said on Thursday that the Pakistan Petroleum Limited (PPL), a public listed oil and gas exploration company, had told investors that the company was seeking to enter into joint venture with Iranian companies.
M Mubbasshar Siddiqui, company secretary, stated that the PPL was interested to enter into the Exploration and Production (E&P) business activities in Iran, as a part of its strategy.
Published in The Express Tribune, September 17th, 2011.
Iranian and Pakistani officials have agreed to set up a joint venture airline company to increase reciprocal visits by the two countries’ citizens, FARS news agency reported on Friday.
“We have decided to establish Iran-Pakistan joint airline company in a bid to enhance the trade ties and facilitate the people of two countries,” Iranian First Vice-President Mohammad Reza Rahimi said.
He said that Iran and Pakistan are joining hand in hands to attain their specific goals, and we can link the Far East to South Asia, Africa and Europe.
“We can take our first step in the Middle East and a second step in intercontinental transiting,” the Iranian vice-president added.
Earlier this month, Iranian and Pakistani officials signed several agreements on
mutual cooperation at the end of their 18th Joint Economic Cooperation Commission meeting in Islamabad.
At the meeting the two sides endorsed three agreements on Economic and Technical Cooperation, establishment of Iran-Pakistan Investment Company and cooperation in Electronic Media between Pakistan Broadcasting Corporation and PTV and the Islamic Republic of Iran Broadcasting (IRIB).
Meantime, reports said on Thursday that the Pakistan Petroleum Limited (PPL), a public listed oil and gas exploration company, had told investors that the company was seeking to enter into joint venture with Iranian companies.
M Mubbasshar Siddiqui, company secretary, stated that the PPL was interested to enter into the Exploration and Production (E&P) business activities in Iran, as a part of its strategy.
Published in The Express Tribune, September 17th, 2011.