Pakistan, Iran to set up six bazaars in border areas

By: News Desk      Published: 11:18 PM, 21 Apr, 2021
Pakistan, Iran to set up six bazaars in border areas

Pakistan and Iran Wednesday signed a Memorandum of Understanding (MoU) to set up six bazaars in the border areas between the two countries, in their aim to bolster economic ties between the two states.

The MoU was signed during Foreign Minister Shah Mehmood Qureshi's official tour of Iran where he met Iran President Hassan Rouhani and other senior members of the Iranian government.  According to the MoU, Pakistan and Iran have agreed to establish joint border markets along the common border between the two states.

Accordingly, in the first phase, three bazaars will be opened in the border points of Kuhak-Chadgi, Rimdan-Gabd and Pishin-Mand areas. In the second phase of the plan, joint border bazaars will be established in three other border points later. These markets will be managed by the methods agreed upon by the two countries.

Iran Foreign Minister Jawad Zarif also tweeted about the development and said he had an excellent meeting with his brother & friend Pakistan FM Shah Mehmood Qureshi in Tehran.

He said Pakistan and Iran agreed to open a new border crossing and signed MOU on border markets.

Both the countries also agreed to enhance bilateral coop and regional coordination on Afghanistan, Palestine, multilateralism, and fighting anti-Muslim bigotry, he added.

FM Qureshi said the establishment of border trade centres would be the benefits for both countries.

He said it was the most effective way to uplift the economic situation of the people living along both sides of the border.

The idea to open the border markets was coined by Prime Minister Imran Khan during his visit to Iran in 2019 during a meeting with Iranian President Hassan Rouhani.