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Pakistan to buy more electricity from Iran. Here's why
Pakistan already has contracts to purchase electricity from Tehran for its border regions.
Published on: Aug 8, 2023, 13:33:45 IST
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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.
Read more: July Earth's hottest month on record: EU climate observatory
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.e
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