Waqar Rizvi 40 seconds ago near Tehran, Iran · [timesofindia.indiatimes/business/international-business/Iran-gas-imports-plans-death-sentence-for-Pakistani-economy/articleshow/24615472.cms] The Islamabad-based Sustainable Development Policy Institute said in its report that the contract with Iran means the gas sold to Pakistan likely will be several times more expensive than the domestic gas currently used. This is a death sentence for Pakistans economy, the report said. It criticized Pakistani officials who blatantly ignored the energy dynamics and its pricing while going for this deal. An official at the ministry of petroleum and natural resources rejected the report, saying the pipeline project was good for Pakistan. He spoke on condition of anonymity because he was not authorized to talk to journalists. The advocacy groups findings represent the latest challenge to the plan. There are also serious doubts about how Pakistan could finance the at least $1.5 billion needed to construct the pipeline and whether it could go through with the project without facing US sanctions in place over Irans nuclear program.
Posted on: Wed, 23 Oct 2013 21:35:05 +0000