Russia, Iran offer to lay Iran-Pakistan gas pipeline

Russia, Iran offer to lay Iran-Pakistan gas pipeline

Islamabad: (Tuesday, March 13, 2012) lending a helping hand to energy as well as cash starved Pakistan, Iran and Russia have expressed interest in laying the Iran-Pakistan gas pipeline.

In order to determine feasibility of the offer, Economic Coordination Committee (ECC) has formed a Federal Cabinet body.

The ECC could only decide on the formation of federal cabinet body when it was briefed about the proposal in a meeting held having Federal Minister for Finance Dr. Hafeez Sheikh in the chair.

The committee that is to decide on deliberating on Iran-Pakistan gas pipeline is comprised of Federal Minister Syed Naveed Qamar, Dr. Asim Hussain, Federal Secretary for Economic Affairs and Finance and Governor State Bank of Pakistan.
According to news, the body has been directed to submit its report within 2 to 3 days.

It was also shared in the meeting that Iran has offered a sum of 250 million dollars for initial financing of the project.

In its proceeding, the ECC also approved a sum of 6.10 billion for Pakistan Railways to repair and restore the broken down locomotives.

The meeting also formed a committee to take stock of exporting 1.280 million tones wheat to Iran.

Short URL: https://www.newspakistan.pk/?p=15682

Posted by Fayyaz Yaseen on Mar 13 2012. Filed under Pakistan, World. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry