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Pakistan has reportedly put on hold a multi-billion dollar gas pipeline project to import cheap energy from its neighbour, Iran, which may have been due to pressure from the US. Pakistan has apparently expressed its inability to pursue the project as long as US sanctions on Iran remain in place.
Cites US sanctions as the reason
Citing US sanctions for its inability to pursue project, Islamabad issues notice of 'Force Majeure and Excusing Event' to Tehran, NA told.
ISLAMABAD: Pakistan has issued notice of ‘Force Majeure and Excusing Event’ to Iran to suspend its contractual obligation on completion of multi-billion-dollar Iran-Pakistan (IP) gas pipeline project because of external factors outside Islamabad’s control. Simply put, Pakistan has expressed its inability to pursue the project as long as US sanctions on Iran remain in place or Washington tacitly green lights Islamabad to go ahead with the project that has been in cold storage for almost a decade
Get latest articles and stories on World at LatestLY. Pakistan has temporarily shelved the multi-billion dollar gas pipeline project to import cheap energy from neighbouring Iran, apparently under pressure from the US which has imposed sanctions against Tehran over its nuclear programme, according to a media report on Monday. World News | Pakistan Shelves Multi-billion Dollar Gas Pipeline Project with Iran Under Pressure from US: Report.