On Wednesday, the Public Accounts Committee (PAC) expressed concerns regarding the Iran-Pakistan Gas Pipeline project, stating that Pakistan could face a substantial penalty of $18 billion if the project is not pursued. PAC Chairman Noor Alam Khan remarked that if the United States disapproves of Pakistan and Iran moving forward with the project, the U.S. should bear the penalty.
He further emphasized the need for the U.S. to eliminate double standards by being lenient with India’s energy needs while punishing Pakistan for the same.
The PAC’s observation came after the Ministry of Foreign Affairs (MoFA) responded to concerns raised during a PAC meeting held on March 1. The MoFA informed the PAC through a letter that a meeting with the U.S. ambassador would be arranged after his return from Washington.
The ministry highlighted the importance of the Iran-Pakistan gas pipeline project in the evolving regional situation and stated that it has been exploring various options, including engaging with relevant parties such as Iran and the U.S.
The letter also mentioned that a technical team from the petroleum division visited Tehran in January to discuss ways to proceed with the project, and inter-ministerial meetings involving all stakeholders, convened by the Prime Minister’s Office, have agreed on an action plan for the pipeline project.
Regarding the purchase of petroleum products from Russia, the foreign affairs ministry confirmed that an agreement had been signed with Moscow to purchase a test cargo of crude oil, which is expected to arrive in Pakistan soon.
The ministry added that Pakistan remains committed to the Pak Stream Pipeline project and that negotiations are underway to address outstanding issues between the two sides.
