The pact will introduce visa-free access from India to the Pakistani town of Kartarpur, home to a temple that marks the site where the founder of Sikhism, Guru Nanak, died.
The deal allows for a secure corridor and bridge between the two countries, leading directly to the grave of Sikhism's founder Guru Nanak, just four kilometres from the Indian border.
The federal government of Pakistan has issued a commemorative coin to mark 550th birth anniversary of Guru Nanak Dev Ji, the founder of Sikh religion, and invited Indian cricket star and former minister Navjot Singh Sidhu to the inauguration of the Kartarpur corridor project on Nov.9.
Modi thanks PM Imran for "understanding India's wishes and turning Kartarpur into reality."
"I want to congratulate our govt for readying Kartarpur, in record time, for Guru Nanak jee's 550th birthday celebrations," Imran said in a series of tweets along with pictures of the set up at the Pakistani side for the incoming Sikh pilgrims at Kartarpur.
Indian pilgrims have also been exempted from paying the entry fee of $20 on the day of the inauguration of the corridor and Guru Nanak Dev’s birthday.
"I want to give all of them (opposition) a message: whether you all come together and stage this march or you want to use any other method of blackmail until I am alive, you will not get a National Reconciliation Ordinance (NRO),” he said while addressing the foundation stone laying ceremony of the Baba Guru Nanak University at Nankana Sahib.
In a series of tweets, the prime minister reminded the nation that “our minorities are equal citizens of this country” and if there is any threat to non-Muslims or their places of worships in Pakistan it would be dealt with a firm government response.
Foreign Minister Shah Mahmood Qureshi took to microblogging website Twitter to make the announcement. He underscored that Pakistan is conveying to the Indian side its readiness to reopen the corridor.
The temple stood empty for a year or two when most Sikhs left Pakistan for neighbouring India after the British partitioned the subcontinent into separate nations in 1947, following two centuries of colonial rule.