Hafiz Pasha, Pakistan's former Finance Minister, has been quoted as saying that the price of the gas that is to be supplied by the Iran-Pakistan pipeline (IP) is attractive, Iran Daily has reported.
"This project has to be revived at the earliest because it is the most viable and feasible one for Pakistan," said Pasha, according to the report. He added that the project should be completed at the earliest since strong economic and trade ties are in the interest of both Iran and Pakistan.
Comparing IP with other energy projects – such as the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline – Pasha claimed that IP is the most suitable for Pakistan.
Aside from the gas pipeline, the economist also suggested that Pakistan should also try to sign a trade agreement with Iran for other products.
“Pakistan should also try to sign bilateral trade agreement with Iran with special focus on the exports of rice and textile products from Iran and import of oil products […] from Iran,” Dr Pasha said.
The IP pipeline would span 1900 km, bringing natural gas from Iran to Pakistan. Initially it will bring 750 million ft3/d of gas, which will increase to 1 billion ft3/d, the report claimed.
Edited from various sources by Anna NicklinSources: Trade Arabia, The News, The Express Tribune
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