IP pipeline to be complete in 180 days

Islamabad has engaged Tehran by committing to complete the first phase of the 80-kilometer Iran-Pakistan (IP) gas pipeline project within Pakistan’s territory to avoid a looming $18 billion penalty. According to reports, Iran has granted an extension in the deadline of the IP gas pipeline project by 180 days until September 2024. Tehran has granted this extension in a bid to avoid litigation in international court. Experts suggest that Pakistan and Iran could face strained diplomatic relations if Iran files a case against Pakistan in an international court. Iran could pursue legal action to safeguard its rights concerning the pipeline project. Now, Pakistan has decided to proceed with the construction of the IP gas pipeline within its borders to satisfy Tehran, despite the sanctions imposed by the United States. Sources indicate that the Petroleum division is seeking approval from the cabinet to commence work on the IP gas pipeline project in Pakistan. Additionally, the Board of Gas Infrastructure Development Cess (GIDC) has been directed to expedite the financing process for the project.