Wednesday, May 5, 2010

Iran ready to supply oil to Pakistan

Iran has expressed willingness to supply crude oil to Pakistan on a deferred payment basis, stating optimism that the deal would take effect in the near future.

Iran's Deputy Foreign Minister Seyed Ameer Mansoor said Monday that the country's oil minister was quite positive on a proposal to sell oil to Pakistan on a deferred payment basis.

The Iranian official raised the issue in a meeting in Islamabad with Pakistan's Prime Minister Syed Yusuf Raza Gilani.

Gilani said Pakistan desires to strengthen brotherly relations with Iran and cement ties into concrete economic linkages through commerce and trade.

Both countries, he added, have the capabilities to face and resolve economic and security challenges at bilateral and regional levels.

Regional cooperation is one of the issues that will be discussed in Borghei's upcoming two-day trip to Pakistan.

Iran's Foreign Minister Manouchehr Mottaki is to attend the Iran-Pakistan 18th joint economic commission to be held in Pakistan within the next two months.

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