ISLAMABAD -- The government of Pakistan, which launched a plan to set up three joint border markets with the Islamic Republic of Iran in early June this year, has allocated technical supplementary grants to implement the project.
Pakistani state media reported that the Economic Coordination Committee of the Cabinet with Finance Minister Shaukat Tarin in the chair approved a supplementary grant of 300 million rupees about the US$20 million for the establishment of joint border markets at Mand in district Kech, Gabd in district Gwadar and in district Panjgur of Balochistan.
On June 2, Adviser to Prime Minister of Pakistan for Commerce and Investment Abdul Razak Dawood said three border markets are now being established at the border with Iran.
In a series of tweets, he said that the Ministry of Commerce is establishing the border markets under the MoU signed between Pakistan and Iran in April 2021.
“MOC is pleased to inform that the MoU to establish Border Markets along the border was signed between Pakistan and Iran in April 2021,” he said.
Earlier, the Pakistani Prime Minister had said that all government efforts are focused on developing legal trade on the joint borders of Iran and Pakistan, noting that joint border markets will be functional in the next few months.