The Pak Banker

US says it doesn’t support Iran-Pakistan gas pipeline project going forward

- WASHINGTON

The US said on Tuesday it does not support a Iran-Pakistan gas pipeline project from going forward and cautioned about the risk of sanctions in doing business with Tehran.

The Iran-Pakistan gas pipeline, known as the Peace Pipeline, is a long-term project between Tehran and Islamabad, and has faced delays and funding challenges for several years.

The pipeline would transport natural gas from Iran to neighborin­g Pakistan. Iran and Pakistan had signed a five-year trade plan in August 2023 and set a bilateral trade target at $5 billion.

Pakistan’s Petroleum Minister Musadik Malik said earlier this month that his country was seeking a US sanctions waiver for the gas pipeline from Iran.

“We always advise everyone that doing business with Iran runs the risk of touching upon and coming in contact with our sanctions, and would advise everyone to consider that very carefully,” a US State Department spokespers­on told reporters in a press briefing.

“We do not support this pipeline going forward,” the spokespers­on added, saying that Donald Lu, the State Department’s top official for South and Central Asia, had said as much to a congressio­nal panel last week.

A few weeks ago, Pakistan and Iran engaged in tit-for-tat strikes when they exchanged drone and missile strikes on militant bases on each other’s territory. Washington’s relations with Iran have been thorny for a long time and the US has issued multiple rounds of sanctions on Iranian entities.

Officially allies in fighting extremism, Pakistan and the US have had a complicate­d relationsh­ip over the years, bound by Washington’s dependence on Pakistan to supply its troops during its long war in Afghanista­n but plagued by accusation­s.

 ?? -AFP ?? SOUTHERN GAZA STRIP
Displaced Palestinia­ns, who fled their houses due to Israeli strikes, shelter in a tent camp, amid the ongoing conflict between Israel and the Palestinia­n militia group Hamas, in Rafah, in the southern Gaza Strip.
-AFP SOUTHERN GAZA STRIP Displaced Palestinia­ns, who fled their houses due to Israeli strikes, shelter in a tent camp, amid the ongoing conflict between Israel and the Palestinia­n militia group Hamas, in Rafah, in the southern Gaza Strip.

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