Multiple sources available for funding Pak-Iran pipeline: Khar

Published: March 14, 2012
Foreign Minister Hina Rabbani Khar speaks during a joint press conference with her Swedish counterpart Carl Bildt (unseen) in Islamabad on March 14, 2012. PHOTO: AFP

Foreign Minister Hina Rabbani Khar speaks during a joint press conference with her Swedish counterpart Carl Bildt (unseen) in Islamabad on March 14, 2012. PHOTO: AFP

ISLAMABAD: Foreign Minister Hina Rabbani Khar said on Wednesday that there were multiple sources available for funding the Iran-Pakistan gas pipeline and that a Chinese bank’s decision to back off from funding the project will not affect plans to import gas from the neighbouring country.

“There are multiple sources available and this is fairly a very viable project,” Khar told reporters at a joint news conference with her Swedish counterpart Carl Bildt in Islamabad.

Khar brushed aside the impression that the Chinese decision would affect the country’s plan to import gas from neighboring Iran. Pakistan is pursuing the project despite mounting US pressure to abandon the project.

Parliamentary review of US ties

The foreign minister insisted that the government’s decision to rewrite terms of engagement with the US, NATO and ISAF will expand cooperation with international players instead of contracting it.

“We hope that the world will respect the new terms of engagement,” she said, adding that Pakistan wanted to assist western forces stationed in Afghanistan with a smooth exit from the war-torn country.

Khar pointed out that Pakistan and the west had “convergence” on the issue of Afghanistan, but the area of difference was the “tools” being used to achieve the ending objective.

Pakistan seeks justice for US killing in Kandhar

The foreign minister strongly condemned the killing of 16 Afghan civilians including children by a US solider in Afghanistan. “We condemn this act in the strongest possible terms and we want that the person responsible for this must be brought to justice,” she said.

The Swedish foreign minister, whose country is also part of the ISAF, expressed his “deepest regret”’ over the incident.

“We hope this will not affect the overall policy in Afghanistan,” he said.

Pakistan-Sweden bilateral ties

Khar said Pakistan and Sweden have decided to double the existing volume of bilateral trade from $450 million to $900 million by 2014.

The Swedish foreign minister said his country endorsed Pakistan’s position that trade, not aid was the solution to the problem.

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Reader Comments (40)

  • Its (still) the Economy Stupid
    Mar 14, 2012 - 3:43PM

    It is all talk for local consumption. Mr Putin, during his visit later this year, will also refuse to fund this pipeline. Even if the pipeline is build remember what happened to Ukraine and Poland gas was turned off for non payment.


  • vasan
    Mar 14, 2012 - 3:45PM

    “We condemn this act in the strongest possible terms and we want that the person responsible for this must be brought to justice,” she said
    Ms Foreign minister : I wish u would say the same thing about the Mumbai mayhem and prove it in your deeds instead of shallow words.


  • Hussaini
    Mar 14, 2012 - 3:50PM

    way to gooooooooooo


  • umair
    Mar 14, 2012 - 3:51PM

    Could you please show/ manage/ arrange those resources before Elections? or its just a stunt?


  • Mar 14, 2012 - 4:01PM

    Does she mean War on terror fund or pending Osama Bin Laden property rent?


  • zoro
    Mar 14, 2012 - 4:05PM

    Taller than Himalayas and deeper than Pacific friendship… an all weather friend has ditched Pakistan deep down under Indian Ocean…. No free Lunches is the name of the game…
    Multiple sources are ???? Taleban ??? TTP ??? Punjabi taliban ?? ISI ??
    All the best !!!


  • ali
    Mar 14, 2012 - 4:09PM

    Enough with the talks! please Pakistan for once gets started!


  • Tabish Bilgrami
    Mar 14, 2012 - 4:20PM

    Barter system will rock… It will also not force any financial institution to breach US sanctions!! Trade wheat and other commodities for gas!!!!!!


  • Abdul Siddique
    Mar 14, 2012 - 4:37PM

    @Vasan: We are waiting for justice against Hindu terrorists behind Samjauta bombing. Actions are louder than words


  • John B
    Mar 14, 2012 - 4:44PM

    Words are cheap


  • Zeta
    Mar 14, 2012 - 5:13PM

    I want this pipeline to be build at whatsoever cost or concerns


  • John
    Mar 14, 2012 - 5:19PM

    They say Afghanistan is been used as tool. But for world, Pakistan has always been used as tool by USA, China…not coz USA/China wanted to but Pakistan himself let them use itself as tool. They are emotional and can get easily carried away. Grow up Guys. They’ve never learned one thing – bank upon yourself and never on others.


  • Cautious
    Mar 14, 2012 - 6:15PM

    Anyone want to bet that Pakistan hasn’t even completed the long overdue economic analysis which one has to perform BEFORE they get financing? Pakistan makes decisions based on emotion while bankers make decisions based on economics. Much of the hullabaloo over the IP is that it will resolve Pakistan’s energy crisis — but the reality is that there is amply Worldwide energy you just don’t have the money to buy it.
    You don’t have the money to currently buy energy on the open market, don’t have the money to build the pipeline and related infrastructure – and the elephant in the room you constantly ignore is that you don’t even have the money to pay for the gas once the pipeline is built.


  • Yash
    Mar 14, 2012 - 6:23PM

    @Abdul Siddique:

    samjhauta express suspects are in jail and not holding political rallies against pakistan


  • Mar 14, 2012 - 6:30PM

    Yeah people of Pakistan want this job to be completed


  • Raj - USA
    Mar 14, 2012 - 6:33PM

    We shll now wait for Iran to claim damages from Pakistan. According to the agreement with Iran stipulates that Pakistan has to pay damages to Iran if Pakistan does not complete the fasibility studies by 2012 (or may be 2013, I am not sure).


  • Cautious
    Mar 14, 2012 - 7:08PM


    @Cautious: We shll now wait for Iran
    to claim damages from Pakistan.
    According to the agreement with Iran
    stipulates that Pakistan has to pay
    damages to Iran if Pakistan does not
    complete the fasibility studies by
    2012 (or may be 2013, I am not sure).

    Unfortunately you don’t have the money to pay for that either — on the bright side some attorney will argue that you have a legitimate force majeure perhaps tied to the UN sanctions which should keep the issue tied up in courts for the next 20 yrs.


  • Salman
    Mar 14, 2012 - 8:18PM

    I don’t see gas pipe line future both for Pak and Ind. No company wants to get black listed not just by US but possibly by UN as well since UN might be imposing further sanctions on Iran in nearby future.


  • MarkH
    Mar 14, 2012 - 8:29PM

    These words sound pretty near elections, but the backlash of the the obvious posturing when it’s discovered as truth when time runs out will take you under further than when you started. It’s akin to peoples problem with Imran Khan. The only difference is that the current government is in a position where it can’t stay talk for very long and in return prove people right quick enough to derail delusional emotion based support.Recommend

  • Mar 14, 2012 - 8:32PM

    We Indians don’t give a damn about any sanctions because we are used to them! Remember US had imposed sanctions on India and you were given aid. We know how to handle USA but you have been ditched by your cho cute chini friend.


  • FactCheck
    Mar 14, 2012 - 8:46PM

    Indeed there is. The best option is to repartriate money stolen by ex-generals, ploiticians back to Pakistan. There is probably enough stolen moeny to build a few pipelines. With Swedish help, it should easy Ms. Khar.


  • FactCheck
    Mar 14, 2012 - 8:51PM

    If Chinese backed the plan, they will be in trouble across the world. You people realize that there are sanctions against Iran and China cannot flout it. If they do retaliation by the west and specifically US will hurt their economy very bad.

    You folks thatought China is going to blindly back you because you call the Chines “All Weather Friend”. Recommend

  • Am
    Mar 14, 2012 - 9:03PM

    @Abdul Siddique:
    Are you implying two wrongs make one right. Oh by the way whoever the perpetrators are will be dealt with as per law – don’t think anyone in Pakistan can say the same thing about 26/11 with the same conviction.

    With regards to Iran gas pipeline, it should be an eye opener for Pakistan that there are no free lunches no matter how deep or high your friendship is with any country.

    Finally no one in the world including India and possibly Pakistan want to see Iran to have anything to do with nuclear weapons. Recommend

  • DigiDo
    Mar 14, 2012 - 9:09PM

    Is it winter for the all-weather friend?


  • Shakky
    Mar 14, 2012 - 9:33PM

    Huh? Other sources of financing? Where? And lets suppose that Pakistan somehow manages to get funding for the pipeline. What’s to stop Iran from turning off the supply of gas when it disagrees with Pakistan on Afghan issues. After all, the two countries have been competing for influence in Afghanistan for decades. Pakistan needs to stop preening itself like a vain schoolgirl just because Iran showers it with attention. Time to wake up and see Iran for what it really is – an unreliable trading partner who is only sticking around because its been rejected by the rest of the world.


  • well-wisher
    Mar 14, 2012 - 9:39PM

    Had Pakistan not spent billions of dollars on the nuclear toys, it could have partly financed on its own for this project.


  • Maryam
    Mar 14, 2012 - 10:06PM

    Pak-Cheen Doosti Zindabad


  • Bilal
    Mar 14, 2012 - 10:32PM

    Hina knows very well that Pakistan will not go for this line even China economy can’t afford sanctions, so I guess you guys got my point.


  • Mar 14, 2012 - 11:01PM

    @Dr Priyanka

    Priyanka…the sanctions we Indians faced were walk in the park, compared to the ones imposed on Iran by US/EU or on Iraq. Iranian sanctions are barbarian..just look up how Iraq sanctions killed millions of children in Iraq of food starvation in wikipedia


  • nako murad baloch
    Mar 14, 2012 - 11:36PM

    @Yash: no body got arrested .Recommend

  • ANON
    Mar 14, 2012 - 11:38PM

    What other sources? Our very own Sate bank of Pakistan and OGDCL have even refused to participate in this project. Iran and Pakistan both don’t have technology to build this. Russia has shown interest but we have no idea about them.
    As much as we need this pipeline it is quickly turning into a pipe dream.
    A very good analysis came on The News. Everyone should check it out.

  • SAM
    Mar 15, 2012 - 12:07AM

    If you are not ready to stand on you feet you will see Harsh consequences after change of USA and Pakistan relationship. Be ready for other countries saying that they have stopped making Parts required to run your factories, agriculture sector, automotive industry and defense related equipment. It has happened before 3 decades back when Japan told Pak Army they have stopped making Toyota Jeeps parts
    If you are united, you can fight the whole world but sadly now things have changed. :(

    We need to understand basics like. “United we stand, divided we fall”.

    We have to encourage local industry to groom. We need skilled worker. We have to bring revolution in education sector. Education is Must! To me only hope for Pakistan lies in Education – starting from basic (Primary) and move on to vocational training.


  • Babloo
    Mar 15, 2012 - 12:57AM

    False Bravado. Enough money to build bombs to blow things up but no funds to build anything but still the empty, false bravado won’t go.


  • Domlurian
    Mar 15, 2012 - 1:48AM

    Maybe Dawood Ibrahim is one of the sources?


  • maestro
    Mar 15, 2012 - 7:24AM

    Dear Vasan, a parliamentary Pak team has arrived in India today to gather first hand evidence of the Mumbai massacre so that the 7 arrested here can be fully and legally charged – we also have a court system here that needs soild evidence before convicting people. How about you convict the perpetrators of the samjhauta express blast that burned 60 Pakistanis alive by a standing Indian army officer Mr high and mighty? Where is his and everyone else involved in that massacre’s punishment eh??


  • Mar 15, 2012 - 12:04PM

    Bala I sadly agree with you there! Yes I remember the food for oil programme. It destroyed Iraq. Now we should have gold for oil. I’m sure the sanctions are coming India’s way too. How dare we insult the dollar!


  • Mar 15, 2012 - 12:08PM

    please take our indian polititians and put them in your prisons! Solitary confinement and dont you dare give them biryani! Bread and water! And then all investigations would be conducted in a fair manner! And one more thing. Send Imran Khan, Ms Khar and people like them on frequent trips to India please!


  • moneys best friend!
    Mar 15, 2012 - 3:28PM

    Moneys best friend is…. MONEY!! China will not give a penny, unless it can take its pound of flesh. Unfortunately pakistan has been so naive all last 60 years. All weather friendship, higher than mountains, deeper than seas…. seems so platonic!! Ha Ha ha Ha. the chinese will have the last laugh!


  • dv sikka
    Mar 15, 2012 - 4:32PM

    It is a funny marriage of convenience between a communal country and a communist country. Pakistan needs to understand that it needs its own legs to stand and not stand on the crutches provided by China. Pakistan will do better if it looks at its neighbours as friends.There is no ideologoligal commonality between Pak and China. By its Anti-India policies it has nothing to gain.


    Mar 18, 2012 - 1:45AM

    @ dear country mates:
    Please do not take all political talk on it’s face value, as this seems more of a pre-election political stint from the foreign minister. Moreover, there are more serious ways of sourcing energy to our country. I hope this issue turns out good for Pakistan.

    @ to all indian friends : guys n gals, chill out…… you people of the great country, I fail to understand, the fact, that, how is this myopia helping you & your country, other than fuelling the self inflicting beliefs. I am surprised, you can think of prospering, with your neighbouring country in abyss. How on earth can india prosper, if Pakistan is a mess.
    I would strongly suggest, you to all to think of competing & winning from the world, instead of trying to win from Pakistan. Pakistan & India, if they have to prosper, can only do so, by being close allies of each other. Just remember, one of the strongest points, we both have in common are the similarity in our populace at every level, which provides a very strong reason for synergizing our efforts for the collective benefit & reap upon each others strengths.
    We have been fools to have fought 3 battles, as both of us have been the biggest losers, with the U.S, RUSSIAN & the arms suppliers from Britain the biggest winners.

    I am sure all of us, are wise enough to choose the right course of action for ourselves & our future generations.


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