ISLAMABAD: Pakistan’s Deputy Prime Minister Ishaq Dar announced on Tuesday his country understood the sanctions risk involved in pursuing the Iran-Pakistan gas pipeline, though he said it would not take “dictation” from other states and follow its own interests.
Earlier this year in March, US Assistant Secretary of State for South and Central Asian Affairs Donald Lu told a Congressional hearing that President Joe Biden’s administration was trying to prevent the construction of the pipeline project that was agreed between the two countries in 2009.
His statement followed Pakistan’s decision to build an 80-kilometer pipeline segment from its border with Iran to the port city of Gwadar in the first phase.
Recent media reports also indicated the government was deliberating over engaging an international law firm to seek US sanctions waiver to implement the project.
“We are not concerned with what other countries say about the Iran-Pakistan gas pipeline project,” Dar said during a media talk in Islamabad. “We must prioritize our own interests, honor our commitments, and make decisions based on Pakistan’s interests.”
“We won’t be dictated to, nor will we allow anyone to veto our decisions,” he continued. “Pakistan is a sovereign nation, and we expect others to respect our sovereignty just as we respect theirs. The government will make the final decision on the IP gas pipeline.”
The deputy prime minister said the Iranian president visited Pakistan with sincerity, and the government conducted meetings and dialogues with him in a cordial environment.
“This project has long-standing complications, including sanctions from other countries, but we will prioritize Pakistan’s interests when making decisions about it,” he added.
The Iran-Pakistan gas pipeline, known as the Peace Pipeline, has faced significant delays in the past due to several reasons that include funding challenges.
Pakistan’s defense minister Khawaja Muhammad Asif also said last month his country had the right to buy gas at competitive rates from neighboring countries amid its ongoing economic problems.
Pakistan acknowledges sanctions risk for Iran gas pipeline, rejects foreign ‘dictation’
https://arab.news/gx3nn
Pakistan acknowledges sanctions risk for Iran gas pipeline, rejects foreign ‘dictation’
- Ishaq Dar says Pakistan will prioritize its own interest over the issue as a sovereign state
- The pipeline project has faced delays for several reasons including funding challenges
Pakistan to promote mineral sector at Saudi forum this month with 13 companies
- Delegation will take part in the Future Minerals Forum in Riyadh from Jan. 13-15
- Petroleum minister will lead Pakistan, participate in a 90-minute country session
ISLAMABAD: Around 13 Pakistani state-owned and private companies will attend the Future Minerals Forum (FMF) in Saudi Arabia from Jan. 13 to 15, an official statement said on Friday, as the country seeks to ramp up global engagement to develop its mineral resources.
The FMF is an international conference and investment platform for the mining sector, hosted by mineral-rich countries to attract global investors, companies and governments.
Petroleum Minister Ali Pervaiz Malik confirmed Pakistan’s participation in a meeting with the Saudi envoy, Nawaf bin Said Al-Malki.
Pakistan hosts one of the world’s largest copper-gold zones. The Reko Diq mine in southwestern Balochistan, with an estimated 5.9 billion tons of ore, is partly owned by Barrick Gold, which calls it one of the world’s largest underdeveloped copper-gold deposits. Its development is expected to boost Pakistan’s struggling economy.
“Upon an invitation of the Government of the Kingdom of Saudi Arabia, the Federal Minister informed the Ambassador that Pakistan will fully participate in the upcoming Future Minerals Forum (FMF), scheduled to be held in Riyadh later this month,” Pakistan’s Press Information Department (PID) said in an official statement.
The Pakistani minister will lead his country’s delegation at the FMF and take part in a 90-minute country showcase session titled “Unleashing Potential: Accelerating Pakistan’s Mineral Revolution” along with local and foreign investors.
Pakistan will also establish a dedicated pavilion to highlight the vast potential of its rich geological landscape to the global mineral community.
The Saudi envoy welcomed Pakistan’s decision to participate in the forum and discussed enhancing bilateral cooperation in the minerals and energy sectors during the meeting.
According to the statement, he highlighted the potential for cooperation between Saudi Arabia and Pakistan in the minerals and energy sectors, expressing confidence that the FMF would provide a platform to expand collaboration.
Pakistan’s mineral sector, despite its rich reserves of salt, copper, gold and coal, contributes only 3.2 percent to the country’s GDP and just 0.1 percent to global mineral exports.
However, many countries, including the United States, have shown interest in Pakistan’s underdeveloped mineral sector, particularly in copper, gold and other critical resources.
In October, Pakistan dispatched its first-ever shipment of rare earth and critical minerals to the United States, according to a Chicago-based US public relations firm’s report.
