Iranians work on a section of a pipeline on March 11, 2013 in the Iranian border city of Chah Bahar. PHOTO: AFP
ISLAMABAD: Adviser to the Prime Minister Dr Mirza Ikhtiar Baig has said that the Pak-Iran gas pipeline would fulfill about 40% of Pakistan’s energy needs.
Baig, while talking to PTV on Tuesday, said the gas pipeline agreement between Pakistan and Iran was a milestone in the history of both nations, as it was the first step towards regional cooperation and economic integration.
He added that the pipeline would be completed at a cost of $1.3 billion within 15 months. The pipeline's funding would come from a range of sources.
He added that Iran would also establish an oil refinery in Gwadar to develop the coastal city and open the border between the two neighbouring countries to enhance trade.
Baig further said that President Asif Ali Zardari was interested in trade and economic ties with regional countries. He said that the Gwadar Port’s operational handover to a Chinese firm will promote Pakistan's trade and economic relations with Central Asian countries.
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This is merely a political masterstroke by Zardari. Why they didn't do this in 5 years? and now they are 'inaugurating' just 5 days before the end of their term.
Despite visible opposition by the US, Zardari went ahead and signed this agreement which is good for Pakistan. Have to say "well done" despite a dismal record.