ISLAMABAD, May 25 (APP): Pakistan and Iran Thursday decided to establish a joint investment company, to be based in Karachi, with a capital of US$ 25 million to promote trade and economic relations between the two countries. Iranian Foreign Minister Manouchehr Mottaki at a meeting with Khurshid Mahmood Kasuri conveyed his country's determination to join Pakistan in the expansion of road and railway infrastructure between the two countries, and the establishment of a branch of Iranian Melli Bank in Karachi. The two leaders also discussed other aspects of bilateral relations and reviewed regional developments, including the situation in Iraq and Afghanistan. On the Iranian nuclear issue, Foreign Minister Kasuri reiterated Pakistan's established position that the matter should be resolved through diplomatic means alone, and underlined the need for flexibility by all sides, to achieve a mutually acceptable solution.(Posted @ 20:04 PST)

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