In a bid to fulfill contractual obligations with Iran and preempt potential legal disputes, Pakistan moves to construct its portion of the Iran-Pakistan (IP) Gas Pipeline Project within its territory. With fears of facing hefty penalties, the caretaker government aims to secure a waiver from US sanctions. Petroleum Minister Musadik Malik underscores the importance of the project amidst concerns over gas prices and access, emphasizing the government’s commitment to providing affordable electricity to the masses. Despite challenges such as the imposition of sales tax on petroleum products and the staggering circular debt in the energy sector, Pakistan remains steadfast in its pursuit of energy reforms and completing the pipeline project without sanctions.
Pakistan Seeks US Waiver to Advance Iran-Pakistan Gas Pipeline Project
