Financial Tribune - F ollowing the contract signed between Iran and Pakistan in 1999 to complete a gas pipeline to help address Pakistan’s electricity problems, Tehran has fulfilled its commitments regarding construction of the pipeline inside Iranian territory.

But Islamabad has failed to implement execute its share, and negotiations are underway to convince Pakistan to get the job done, managing director of the National Iranian Gas Export Company said.

“US economic sanctions on Iran have overshadowed the project. Pakistan says that due to the restrictions, it cannot finance the construction of the pipeline on its territory. We insist that the sanctions are not a big obstacle and they can do it,” ILNA quoted Mehran Amir-Moeini as saying.

The US resanctioned Iran’s oil industry and banks last year after President Donald Trump abandoned the landmark international nuclear deal signed by Iran and six world powers.