Saleem Mandviwalla hoped that the project would soon see the light of day, dawn.com reported.
Mandviwalla, who was speaking to Iran's Ambassador to Pakistan Mehdi Honardoost at the Parliament House, underscored the need for increasing trade and investment between the two countries.
He also underlined the need for reactivating Pakistan-Iran Investment Company as it was in the interest of the twocountries to have a proper channel for trade and investment.
Mandviwalla said that Pakistan and Iran shared identical views on regional and international issues and there was a huge scope of expanding ties.
He also pointed to the need for activating Pakistan-Iran parliamentary friendship group to enhance cooperation at parliamentary level through frequent exchanges.
He said that both countries were intertwined in cultural, religious and regional commonalities besides sharing a vision for regional growth and prosperity.
The two sides, he said, could achieve a lot through frequent interactions at different levels for mutual benefit.
The Iranian envoy agreed with Mandviwalla, saying that Iran and Pakistan could achieve a lot through enhanced interactions and bilateral cooperation.
He noted that trade and investment was in the interest of both countries and would open up new avenues of bilateral cooperation.