Pakistan has reportedly put its multi-billion dollar gas pipeline project with Iran on hold due to pressure from the US sanctions on Iran’s nuclear program. Originally conceived as an India-Pakistan-Iran pipeline, India left the project, making it bilateral between Pakistan and Iran. The project, aimed at importing cheap energy, is now suspended under “Force Majeure and Excusing Event” terms due to external factors outside Pakistan’s control. This pause comes as Pakistan seeks financial stability from the IMF.
- Pakistan shelves multi-billion dollar gas pipeline project with Iran under pressure from US Report