Pakistan to buy more electricity from Iran. Here's why

Pakistan already has contracts to purchase electricity from Tehran for its border regions.

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.

Pakistan: Pakistan Prime Minister Shehbaz Sharif is seen. (Reuters)

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.e