IP pipeline: US threats be ignored

LAHORE – Setting aside the US Consul General Michael Dodman’s threat of sanctions on Pakistan, the business community on Thursday asked the government, political parties and the military leadership to carry on work on the Pak-Iran gas pipeline project.

“The government should pursue Iran-Pakistan gas pipeline project as it is vital to overcome country’s energy crisis, they said. Appreciating the cabinet decision of handing over of Gwadar Port to China, they insisted the federal government to continue this amended foreign policy, as the foreign policy is fundamental to improve export of any country.They asked the US authorities as to how many projects have been financed by it in Pakistan to overcome energy crisis while the Washington has inked several deals with India to fulfill its energy needs, including civil atomic agreements.

APAT general secretary Naeem Mir said that Pakistan should also pursue other important projects with Iran such as gas pipeline, electricity transmission, up-gradation of connectivity and also building a more robust trade partnership between the two countries. Pakistan should pursue its co-operation with Tehran which is an immediate neighbor, as national interest should always remain top priority.“All our friends are encouraged to really understand Pakistan’s energy crisis,” he said, adding that the country was going through a serious energy crisis and it was in the national interest to seek energy from wherever it comes.

He asked the government to solve the energy crisis if it wants to achieve the targets, besides bringing down the policy rate as per the regional countries of 7% to support industry. He pointed out that worsening law and order situation is also discouraging both the local and foreign investors to put their money in new ventures abroad.

By The Nation


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