Iran urged to build Pakistan side of gas pipeline

Posted: October 24, 2013 in Current Affairs, World Affairs
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WASHINGTON: Pakistan has asked Iran to construct the Pakistani side of the gas pipeline as well because international sanctions were preventing Islamabad from raising funds for this project, said an official statement issued on Friday.

Finance Minister Ishaq Dar, who conveyed this message to his Iranian counterpart Ali Tayyebnia at a meeting in Washington, also urged him to help remove the restrictions that prevented better trade ties between the two countries.

Mr Dar asked the Iranian finance minister to “look into the possibility of constructing the Iran-Pakistan pipeline on Pakistani side as well” because international sanctions were preventing Pakistan from raising finances on its own, said a statement issued by the Pakistan Embassy, Washington.

“International financial agencies are shying away from the project because of these sanctions,” the statement said. “Both sides agreed to explore financing options within the ambit of sanctions imposed on Iran.”

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