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Iran-Pakistan Pipeline Complete by 2013

Service : Economy
TEHRAN, July 17 (ICANA) – Iranian President Mahmoud Ahmadinejad has expressed hope that the natural gas pipeline linking Iran to Pakistan will reach the border by 2013.
Sunday, July 17, 2011 7:45:46 PM
Iran-Pakistan Pipeline Complete by 2013

Ahmadinejad made the remarks during a meeting with Pakistani President Asif Ali Zardari in Tehran on Saturday, IRNA reported.

The Iranian president noted that the construction of the natural gas pipeline, stretching from Iran's South Pars gas field to Pakistan, is underway in both countries, adding that the long-awaited pipeline would hopefully become operational by the end of 2012.

Iran plans to export up to 21 million cubic meters of natural gas to Pakistan annually through the multi-billion-dollar pipeline.

Ahmadinejad stated that the level of trade between Tehran and Islamabad should hit one billion dollars in the near future.

The two presidents also discussed the plan to transfer electricity from Iran to Pakistan.

In addition, Zardari and Ahmadinejad called for the strengthening of bilateral ties in all spheres, especially in the economic and energy sectors.

The Pakistani president also proposed that financial transactions between Iran and Pakistan be conducted in the two countries' currencies rather than the US dollar, saying this would help decrease smuggling and improve trade ties.

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