(IranMania) - Pakistan, Iran and Turkey have agreed to set up ECO trade and development bank, IRNA reported.
According to 'The News', this was decided in a meeting of bank officials of the three countries in Ankara.
Head of Iran's Foreign Exchange Reserves, Muhammad Jafar Mojjarab said that ECO trade and development bank would play vital role in the economic development of the three countries, the daily added, reports Trend.
The bank is likely to be set up in Istanbul in two and half months with its branches in Iran and Pakistan.