Mar 27, 2024, 2:12 PM
Journalist ID: 956
News ID: 85428693
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Minister calls Tehran-Islamabad gas project Pakistan's current need

Islamabad, IRNA - Pakistan's Petroleum Minister Musadik Malik says Islamabad is in need of Iranian gas at present, calling for seeking a US sanctions waiver to this end.

In an interview with Pakistan's Geo TV, Malik said Pakistan would approach the US to seek a waiver on the gas pipeline project.

Pakistan will vigorously present its case and will try to seek exemption from US sanctions by presenting technical and political arguments, he added.

Since Iraq, Turkey or the Republic of Azerbaijan can benefit from sanctions waiver, Pakistan should also be able to benefit from this privilege, he further noted.

The Pakistan-Iran gas pipeline, known as the Peace Pipeline, is a long-term project between Tehran and Islamabad.

The pipeline would transport natural gas from Iran to neighboring Pakistan.

According to Reuters, the US said on Tuesday it does not support a Pakistan-Iran gas pipeline project from going forward and cautioned about the risk of sanctions in doing business with Tehran.

Iran and Pakistan signed a five-year trade plan in August 2023 and set a bilateral trade target of $5 billion.


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