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Pakistan and Nepal to develop energy policy together

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Staff writer ▼ | August 21, 2013
Pakistan and NepalPakistan and Nepal will establish a joint alternative energy board. The deal was reached at the session of the Pakistan-Nepal Economic Commission in Islamabad.

Both the countries have agreed for bilateral cooperation in a number of fields including trade, commerce, banking, agriculture, energy, health, education, information technology, postal services and civil aviation.

Briefing media persons about the decisions taken during the meetings here at a local hotel, Senator Ishaq Dar said that a draft of the Free Trade Agreement between his country, Pakistan, and Nepal was handed over to the Nepalese side for their examination. Further negotiations in this regard, he said will be discussed by a joint trade committee of the two countries.

Mr. Dar said the Federation of Pakistan Chambers of Commerce and Industry will explore areas of trade diversification particularly involving the private sectors of the two countries in collaboration with Federation of Nepal Chambers of Commerce and Industry and the exchange of business delegations will be made a regular feature.

A draft MoU between State Bank of Pakistan and Central Bank of Nepal for a regulatory regime between the Banking Sectors of two countries will be exchanged for facilitating business community.

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