At the meeting, Sherpao called on Iran to help the province in power generation to cope with its electricity crisis.
He said Khyber-Pakhtunkhwa province is rich in natural resources including oil, gas and minerals.
Sherpao informed the Iranian envoy that after the 18th Amendment in the constitution the provinces have been made autonomous and given power to produce electricity by their own.
Iran and Pakistan exchange delegations on a regular basis and the two neighboring countries are keen to expedite expansion of their bilateral trade ties.
In March, Iran and Pakistan officially inaugurated the construction phase of a several-billion-dollar gas pipeline project which is due to take Iran's rich gas reserves to the energy-hungry Muslim country.
The project kicked off in a ceremony attended by Iranian President Mahmoud Ahmadinejad and his Pakistani counterpart Asif Ali Zardari at the two countries' shared border region in Iran's Southeastern city of Chabahar.