Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    Gen V Season 2 trailer
    Videos

    Gen V Season 2 Trailer Cast, Plot, Premiere Details

    July 26, 2025 3 Min Read
    IShowSpeed Daniel La Belle race
    Videos

    IShowSpeed Beats Daniel La Belle in 40-Meter Race, Hits 41M Subscribers

    June 24, 2025 2 Min Read
    Cardi B new single Outside
    Videos

    Cardi B’s ‘Outside’ Single Sparks Buzz Over Offset and Stefon Diggs

    June 20, 2025 2 Min Read
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Reading: Pakistan Announces Suspension of Iran-Pakistan Gas Pipeline Project Due to US Sanctions
PhotoNews Pakistan PhotoNews Pakistan
Font ResizerAa
Search
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Balochistan
    • Azad Jammu Kashmir
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Have an existing account? Sign In
Follow US
© 2022 Photonews. All Rights Reserved.
"Iran-Pakistan Gas Pipeline Project"
PhotoNews Pakistan > Business > Pakistan Announces Suspension of Iran-Pakistan Gas Pipeline Project Due to US Sanctions
BusinessPakistan

Pakistan Announces Suspension of Iran-Pakistan Gas Pipeline Project Due to US Sanctions

Web Desk
By Web Desk Published August 7, 2023 1 Min Read
Share
SHARE

Pakistan has declared a ‘Force Majeure and Excusing Event’ to Iran, effectively suspending its responsibility to finalize the multi-billion-dollar Iran-Pakistan (IP) gas pipeline project due to external circumstances beyond Islamabad’s control. The announcement was made in written testimony by Dr. Musadik Malik, Minister of State for Petroleum, to the National Assembly. The primary impediment to the project is the existing US sanctions on Iran. Malik affirmed that the project would remain on hold until sanctions are lifted and that no timeline could be assigned for its completion under the current circumstances.

Potential Outcomes and Future Prospects

While Iran disputes the notice of force majeure and excusing event, any ensuing disagreement will likely be settled through international arbitration. The exact penalty, if any, will be decided by the arbitrators. On a recent visit to Islamabad, Iranian Foreign Minister Hossein Amir Abdollahian advocated for the project’s completion, highlighting the mutual benefits for both countries. Despite Pakistan’s commitment to the project, US sanctions on Iran have hindered the start of pipeline construction. The Pakistani government is engaging in diplomatic dialogue with the US, seeking an exemption for the project to address the country’s growing energy needs.

TAGGED:Featured
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Advertisement

HBL Saving Made Easy
HBL Saving Made Easy

Recent Posts

Batman Day 2025

Batman Day 2025: Celebrating the Dark Knight’s Legacy Worldwide

US China TikTok deal

US-China TikTok Deal: ByteDance Keeps Board Seat, Data in US Clouds

Punjab M5 Motorway Jalalpur Pirwala

Flood Breach Washes Away All Lanes of Multan-Sukkur Motorway

Post Archives

More Popular from Photonews

NADRA Mega Centers in Karachi
Sindh

NADRA Opens 3 New Mega Centers in Karachi

2 Min Read
Tyler Robinson Death Penalty
Top NewsWorld

Utah Seeks Death Penalty for Tyler Robinson in Charlie Kirk Killing

3 Min Read
Molly Qerim ESPN exit
Sports

Stephen A. Smith Opens Up on Molly Qerim’s Sudden ESPN First Take Exit

3 Min Read
Entertainment

Jimmy Kimmel’s Future at ABC Was Uncertain Even Before the Charlie Kirk Uproar

Jimmy Kimmel's time at ABC hangs in the balance. Long before his recent Charlie Kirk comments…

September 20, 2025
Business

Pakistan Auto Industry Warns of More Exits After Yamaha Leaves

Yamaha Motor Corporation of Japan has exited Pakistan after 10 years. It invested $100 million in…

September 19, 2025
Top NewsWorld

Trump Lands in UK for Second State Visit Amid Protests

US President Donald Trump arrived in Britain on Tuesday, September 16, 2025, for a rare second…

September 17, 2025
Tech

Google Pledges £5 Billion for UK Data Centre and Jobs Boost

Google announced a £5 billion ($6.80 billion) investment in the UK. The move, timed with US…

September 16, 2025
PhotoNews Pakistan

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Categories

  • World
  • Pakistan
  • Punjab
  • Sindh
  • Khyber Pakhtunkhwa
  • Balochistan
  • Azad Jammu Kashmir

 

  • Top News
  • Business
  • Entertainment
  • Sports
  • Videos
  • Tech
  • Offbeat
  • Blog

© 2024 Phototnews
All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?