Iran Offers $250 mn to Pakistan for IP Pipeline

Pakistan’s Federal Minister for Petroleum and Natural Resources Asim Hussain on Monday informed National Assembly that Iran had offered $250 million to Pakistan for Iran-Pakistan (IP) gas pipeline project.

Iran has offered to construct the pipeline in Pakistan and offered $250 million funding for the project, Business Recorder reported.

A delegation from Pakistan is expected to visit Iran soon to discuss the details.

The minister said that Pakistan had so far not received any official communication from the US pertaining to the project.

The US is reportedly not very keen on Pakistan going ahead with the ambitious project.