Pakistan Asks Iran for $2bn for Gas Pipeline Work

Pakistan has asked Iran for $2 billion in financing to build its side of Iran-Pakistan gas pipeline that has drawn threats of US sanctions, according to country’s petroleum minister Shahid Khaqan Abbasi.

Abbasi said on Tuesday the preparatory work was complete, but the government had asked Iran to provide $2 billion for the construction work, AFP reported.

US officials have warned that the project would risk triggering sanctions aimed at Iran.

“Americans have not so far talked about this pipeline with us at any level,” he said. Asked if Pakistan

Abbasi said the government had sought bids from Pakistani and Iranian companies for pricing of the construction cost of the pipeline, according to AFP.

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