Iranian and Pakistani officials in a meeting in Peshawar agreed to establish a banking system between the two countries in order to further strengthen economic ties and boost bilateral trade.
The agreement was reached between Iranian Consul General in Pakistan's Khyber-Pakhtunkhwa Province Hassan Darvishvand and Head of the Khyber-Pakhtunkhwa Chamber of Commerce and Industry (KPCCI) Zahidullah Shinwari in Peshawar on Tuesday.
During the meeting, Darvishvand and Shinwari agreed to bring the private sectors of the two countries closer and facilitate traders for better linkages.
Shinwari underlined the need for exchange of maximum number of delegations and encouraging Iranians to invest in Pakistan.
Earlier this month, a senior trade official announced that Iran and Pakistan are interested to further strengthen their cooperation in different economic areas.
"The two countries are determined to drastically expand border trade cooperation," Iranian Consul General to Quetta Hossein Yahyavi said, addressing the 2nd Joint Committee of Iran-Pakistan Border Trade in Pakistan's Baluchistan province.
He noted that the 2nd Joint Committee of Iran-Pakistan Border Trade Commission provides a good opportunity for the expansion of border trade between the two countries.
Iran and Pakistan have exchanged delegations on a regular basis and the two neighboring countries are keen to expedite expansion of their bilateral ties.