Excusing Event News Today

ISLAMABAD: The government is to utilise Rs 45 billion under Gas Infrastructure Development Cess (GIDC) on...

Pakistan is contemplating restarting the stalled Iran-Pakistan gas pipeline project, considering the completion of the initial phase to avoid potential penalties, amidst ongoing US sanctions.

Petroleum secretary says Pakistan will have to pay $18bn penalty if it fails to complete the project by 2024.

Citing US sanctions for its inability to pursue project, Islamabad issues notice of 'Force Majeure and Excusing Event' to Tehran, NA told.

Slamabad , August 7 (ANI): Pakistan has issued a notice to Iran to suspend its obligation on the competition of the Iran-Pakistan gas pipeline project as long as US sanctions on Tehran remain in place, reported Dawn. "Pakistan has issued a Force Majeure and Excusing Event notice to Iran

Under threat of U.S. sanctions, Pakistan suspended a natural gas pipeline project to import Iranian gas earlier this month, an action that may lead to more anti-U.S. sentiment in the region

The project, which kicked off in 2013, put Pakistan in the hot seat to wrap up pipeline construction on its turf by the end of 2014.

“This is complete disinformation that we have given a fresh notice of force majeure to Iran,” state minister for petroleum says.

Pakistan has issued a notice to Iran to suspend its obligation on the competition of the Iran-Pakistan gas pipeline project

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