Pakistan is reportedly using diplomatic channels to engage with the United States authorities to seek exemption from sanctions on multi-billion Pakistan –Iran (IP) Gas Pipeline Project, well-informed sources told Business Recorder.
The Prime Minister constituted a high level Ministerial Oversight Committee (MOC) for the project to find robust workable solutions and recommend way forward keeping in view its economic viability, financing as well as political and diplomatic consequences. The Committee is holding regular meetings and considering steps that can be taken for implementation.
Based on recommendations of the Committee, Petroleum Division and Ministry of Foreign Affairs (MoFA) are actively engaged with US authorities to seek exemption from sanctions. Alternative, project implementation options are also being explored to fulfill Pakistan’s obligations under GSPA.
Pakistan is actively pursuing legal and diplomatic avenues to implement the project. International legal counsels are also engaged to help seek waiver from US sanctions and formulate workable implementation options.