ISLAMABAD — Pakistan and Iran on Monday decided in principle to ban terrorist organizations in their respective countries, the Pakistani Interior Ministry said.

The decision to the effect was taken here in a meeting between Pakistani Interior Minister Mohsin Naqvi with his Iranian counterpart Ahmad Vahidi and Iran's Justice Minister Amin-Hossein Rahimi, the ministry said in a late night statement.

The two countries also decided to increase cooperation in border management, including steps for the prevention of smuggling and drug trafficking, according to the statement

The two sides agreed on a joint plan of action to deal with the menace of terrorism being a common problem with further improving mutual support and exchange of intelligence information, said the ministry.

READ MORE: Iran urges Pakistan to ensure security after 'terror attack'

It was decided to sign a security agreement in that regard at the earliest, it added.

Both sides also agreed to waive the fines imposed on their nationals imprisoned in each other's country, the statement said.

The two countries also decided to increase cooperation in border management, including steps for the prevention of smuggling and drug trafficking, according to the statement.

READ MORE: Iran urges Pakistan to protect border after 'terrorist' attack

The two Iranian ministers are part of a high-level delegation, led by Iranian President Ebrahim Raisi, who is on a visit to Pakistan from April 22 to 24.