A power transmission tower is seen a day after a country-wide power breakdown, in Karachi, Pakistan, January 24, 2023. REUTERS/Akhtar Soomro/File Photo Acquire Licensing Rights
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.
The finance ministry did not give details of the quantity or terms and conditions of the new purchase.
Reporting by Asif Shahzad; Editing by Kim Coghill and Jacqueline Wong
Our Standards: The Thomson Reuters Trust Principles.
Airbus , easyJet and Rolls-Royce have joined forces to try to position Britain at the forefront of hydrogen-powered aviation as the industry plots its course to decarbonisation.
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.
Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology.
The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs.
The industry leader for online information for tax, accounting and finance professionals.
Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile.
Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts.
Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks.
All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays.
© 2023 Reuters. All rights reserved

source