ISLAMABAD, July 18 (Xinhua) -- Pakistan and Zimbabwe signed a draft agreement here Friday to avoid double taxation between the two countries.

    Usman Khalid Mirza, member of Pakistan's Federal Board of Revenue (FBR), and Commissioner of Zimbabwe Revenue Authority (ZIMRA) George Chiradza, inked the agreement on behalf of their respective governments.

    Mirza expressed the hope that the agreement will not only provide safeguards against double taxation on the income of the residents of both the countries but also will promote economic cooperation and enhance investment.

    Chiradza said that the agreement would further boost the existing trade ties between the two countries.