• Pak invite Iran to invest in gas pipeline

    ISLAMABAD: Pakistan has offered Iran to invest in the construction of the gas pipeline. The government is expected to issue tenders for laying the gas pipeline in the coming week.

    Iranian Ambassador Ali Raza met petroleum advisor Asim Hussain in Islamabad.

    According to sources from the petroleum ministry the petroleum advisor asked the Iranian ambassador for Iran to participate in the construction of the gas pipeline in Pakistan.

    According to officials of the Inter-state Gas System Company present in the meeting, Iran has been asked to help in the construction of the pipeline from the Iranian border. It is expected that the construction of this pipeline will start by December.

    To import 750 million cubic feet gas daily from Iran, Pakistan need to lay a 780 km pipeline, expected cost of which is 1.5 billion dollars where as the supply from this pipeline is expected to commence from December 2014.

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