PIEDMC, Iran to enhance bilateral economic co-operation

Lahore: Iranian authorities and Punjab Industrial Estates Development and Management Company (PIEDMC) have inked an MoU to enhance bilateral economic co-operation for investment opportunities in economic zones of both the countries.

The company's spokesman said that MoU was signed by PIEDMC Chairman, Muhammad Ali Mian and the MD and Vice President of Board of Directors of Sarakhs Special Economic Zone, Mashhad Iran. According to MoU, both the authorities agreed to encourage and promote investment and co-operation; establish offices and keep each other informed about their activities as well as exchange information and publications.

It also agreed to identify areas of investment for mutual benefits under joint ventures and launch joint research and collection of statistical data for exploring possibilities of trade, investment, industrial and technological co-operation.

Punjab Chief Minister, Mian Muhammad Shahbaz Sharif, visiting Governor of Iranian Province of Khorasan, Mohammad Javad Mohammdi Zadeh, Punjab ministers and other dignitaries were also present during the MoU signing ceremony.