Pakistan should be wary of committing to an Iran-Pakistan natural gas pipeline because anticipated US sanctions on Iran could hit Pakistani companies, the US special representative to the region, Richard Holbrooke, said on June 20. Holbrooke told reporters that new legislation, which targets Iran’s energy sector, is being drafted in the US Congress and that Pakistan should “wait and see.” The $7.6 billion natural gas pipeline deal, signed in March, doesn’t directly deal with refined petroleum products and was hailed in both Iran and Pakistan as highly beneficial.
‘NEW IRAN SANCTIONS COULD IMPACT PAKISTAN’
‘NEW IRAN SANCTIONS COULD IMPACT PAKISTAN’