Brief by Shorts91 Newsdesk / 04:01pm on 27 Mar 2024,Wednesday International
The US cautioned Pakistan against proceeding with the Iran-Pakistan gas pipeline project, citing potential sanctions. Pakistan's Petroleum Minister, Musadik Malik, affirmed plans to pursue a waiver from US sanctions, emphasizing the project's importance. Meanwhile, Iran issued a stern warning, threatening Pakistan with an $18 billion fine for alleged contract breach, escalating tensions. The project, facing delays since 2014, aims to transport natural gas from Iran to Pakistan. Despite challenges, Pakistan and Iran recently pledged to boost bilateral trade, amidst Pakistan's economic struggles and IMF bailout efforts.
