Iran has asked Pakistan to construct gas pipeline in its territory till Feb-Mar 2024 or pay $18bn penalty
Tuesday, November 14, 2023
Pakistan's appointment will hold talks in Tehran today.
Islamabad should suffer $18 billion consequence after cutoff time.
Specialists say US sanctions not to influence Pakistan's economy.
ISLAMABAD: Pakistan will request that Iran on Tuesday give unwinding on the Feb-Walk 2024 cutoff time to deflect the punishment of $18 billion for not setting out a pipeline in its domain, The News detailed.
Iran requested Pakistan last year to develop a piece from the Iran-Pakistan (IP) gas line project an in its area till February-Walk 2024 or suffer a $18 billion consequence.
Pakistan should set out the 781-kilometer pipeline from the Iranian line to Nawabshah and begin consuming 750 million cubic feet of gas everyday. Tehran has proactively laid a pipeline from a gas field to the point lining Pakistan.
"Pakistan's designation will hold talks in Tehran today (November 14, 2023) with Iranian specialists and solicitation them not to move the global assertion looking for the burden of a $18 billion punishment. Energy Pastor Muhammad Ali might arrive at Tehran today (Tuesday) yet it relies on the leeway by the PM office. Nonetheless, applicable authorities have arrived at Tehran. The Energy serve showed up back today (Monday) from Kyrgyzstan," senior authorities of the Energy Service told The News.
"Pakistan will likewise sharpen Iranian specialists of trying to carry out the IP gas line through an outsider to stay away from the US sanctions forced against Iran for its atomic desires. The public authority has likewise moved toward the significant US divisions to learn about the effect of controls yet they have not answered refering to an extensive cycle to investigate the effect. The French experts are of the view that US approvals will no affect Pakistan's economy," the authorities said.
The Between State Gas Frameworks (ISGS) of Pakistan and the Public Iranian Gas Organization (NIGC) consented to a modified arrangement in September 2019 for the pipeline. Under this agreement, Iran wouldn't move toward any worldwide court for any postpone till 2024. A short time later, Iran would be allowed to move to France-based global intervention and look for a $18 billion punishment.
The authorities said that Iranian specialists will be sharpened about Pakistan's undertakings to rebuild the IP gas pipeline venture to turn away the US sanctions.
"Under the new choice, Pakistan may not buy the gas straightforwardly from Iran yet through an outsider. Iranian specialists are additionally on the board for the proposition."
Since Pakistan can't bear the cost of US sanctions it is accelerating cautiously to carry out the task," the sources said.
