Pakistan to buy more electricity from neighbouring Iran

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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.

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.