KARACHI: Pakistan decided to build an 80-kilometer segment of the Iran-Pakistan (IP) gas pipeline on Friday after the Cabinet Committee on Energy approved the recommendations of a ministerial oversight committee evaluating various dimensions of the project after it was constituted by Caretaker Prime Minister Anwaar-ul-Haq Kakar last September.
Originally intended to supply gas from Iran to both Pakistan and neighboring India, the project was referred to as the IPI pipeline. However, India later withdrew from the project over concerns related to pricing and security, leading to the current designation as the IP gas pipeline.
The project remained stalled for a significantly long period since it could potentially create problems for Pakistan due to the international sanctions targeting Iran.
The United States, in particular, expressed opposition to the project, and there had been concerns that Pakistan could face economic sanctions if it proceeded with it.
“The [Cabinet] Committee [on Energy] recommended to start work on the 80 km segment of the pipeline inside Pakistan i.e. from Pakistan border up till Gwadar in the first phase,” said an official statement circulated by the Petroleum Division of Energy Ministry. “The Project will be executed by Inter State Gas Systems (Pvt) Ltd. and will be funded through Gas Infrastructure Development Cess.”
“All the concerned divisions gave a positive nod to move ahead with the project to ensure gas supplies to the people of Pakistan, thereby addressing the increasing energy needs of the country,” the statement added.
The project is expected to boost the country’s energy security and strengthen the local industry that can be assured sustainable and enhanced gas supplies.
The construction of the IP pipeline is also expected to catalyze the economic activity in Pakistan’s southwestern Balochistan province and which can positively impact the national economy.
Government greenlights construction of 80-kilometer segment of Iran-Pakistan gas pipeline
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Government greenlights construction of 80-kilometer segment of Iran-Pakistan gas pipeline
- The pipeline will be constructed from Pakistan’s border with Iran to its port city of Gwadar in the first phase
- The project is likely to boost the country’s energy security, strengthen local industry with enhanced gas supply
Pakistan bank enables Shariah-compliant digital payment facility for passengers at Islamabad airport
Pakistan bank enables Shariah-compliant digital payment facility for passengers at Islamabad airport
- Pakistan is a cash-dominated market where a significant portion of transactions in the informal sector are made without any taxes, officials say
- The move comes amid Pakistan’s efforts to introduce a cashless model at airports under which only digital service providers can provide services
KARACHI: Aik, Pakistan’s first Islamic digital bank, has enabled fully digital payments at Islamabad International Airport to offer travelers and passengers secure, Shariah compliant digital transaction facility.
The development comes amid Pakistan’s efforts to introduce a cashless model at airports across the country, under which only digital service providers can provide services to customers.
Aik, a subsidiary of Bank Islami, said it has onboarded merchants across the Islamabad airport and integrated QR code deployments at key touchpoints to allow passengers and visitors to make secure, seamless, and Shariah-compliant digital transactions at all counters, retail outlets, and service points.
It said the implementation complies with the regulations and framework set by the State Bank of Pakistan (SBP) and is a working model for a large-scale adoption of cashless systems in public infrastructure.
“This deployment reflects our commitment to building practical digital infrastructure that improves everyday transactions,” Aik Chief Officer Ashfaque Ahmed said in a statement.
“By enabling a fully cashless environment at a major national gateway, we are supporting efficiency, transparency, and financial inclusion at scale. This is not only a project; it is a foundation for Pakistan’s cashless future.”
Pakistan is a cash-dominated market where a significant portion of transactions, particularly in the informal sector, are conducted in cash. Officials say many of these transactions are aimed at avoiding taxes.
In recent years, the SBP has taken steps to ensure a transition toward a more cashless economy so that transactions are more traceable, reducing chances of tax evasion and corruption.
By digitizing Islamabad airport, aik said it continues to invest in secure and accessible financial solutions that “expand digital participation and support national economic modernization.”
