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According to Ali Pervaiz Malik, the Pak-Iran gas pipeline proposal is still being considered.
The minister stated that the Pakistani government is working to maintain the project and find ways to advance it.
He pointed out that the cost of liquefied natural gas (LNG) imported from Qatar and gas available via the Iran-Pakistan pipeline is essentially the same. He did, however, note that Pakistan currently has the infrastructure needed to import LNG from Qatar.
He stated, “Pakistan would have to invest billions of dollars in laying pipeline infrastructure in the case of Iranian gas, which would significantly increase the overall cost of the project.”
In response to a query, Mr. Malik stated that it would not be proper to make any more remarks at this time. In reference to the current project dispute, he expressed optimism that both parties would be able to come to an out-of-court settlement in light of Pakistan’s involvement in the recent US-Iran confrontation.
The minister went on, “We will try to resolve the matter through negotiations and achieve a win-win outcome for all parties concerned.”
In a significant move that affects intercity travel throughout Pakistan, the government has reinstated former speed limits for drivers on national highways and motorways.
Details indicate that the previous speed limits have been immediately re-established. Cars and light vehicles are once again allowed to go up to 120 km/h on motorways under the updated arrangement.
Officials confirmed that the speed restriction for passenger and heavy vehicles on motorways has been reinstated at 110 km/h.
Authorities added that all types of vehicles, including cars, light vehicles, passenger coaches, and heavy vehicles, are now subject to the same speed limits on national highways.
According to the Motorway Police, the reinstated speed limits have already started to be implemented.
economy that relies heavily on agriculture but is in the middle of the Middle East crisis, which its government has assisted in resolving.
This week, Pakistan announced an initial agreement between the warring parties, but it is too late for Sindh’s mango season, which started in June.
Due to declining demand in important countries, such as the Gulf, and skyrocketing shipping costs, mango dealers told AFP they anticipate a minimum 30% decline in export sales this year.
In addition to the financial hardship, local households are delaying purchasing the fruit due to a jump in inflation brought on by the regional crisis, which is lowering domestic sales.
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US-Iran negotiations: Field Marshal Asim Munir and PM Shehbaz Sharif arrive in Switzerland
putting the Islamabad Memorandum of Understanding into practice.
It is anticipated that senior-level delegations from Pakistan, Iran, Qatar, and the US will participate in the talks.
This would be the first official high-level gathering since the Islamabad Memorandum was signed, according to the Foreign Office. Participants will assess how well agreed-upon obligations are being implemented, and Pakistan is anticipated to reiterate its support for the agreements made between Iran and the United States.
Prime Minister Shehbaz Sharif may also meet bilaterally with delegations from Iran, Qatar, Switzerland, and the United States, according to Foreign Office spokespersons.
It is anticipated that the talks would highlight Pakistan’s dedication to encouraging communication and creating enduring peace in the area.
According to Ali Pervaiz Malik, the Pak-Iran gas pipeline proposal is still being considered.
A significant improvement for drivers using motorways and highways
Mango exports from Pakistan decline as the effects of the Middle East conflict persist
ICC board meeting in India: Mohsin Naqvi gets invitation
The IMF mission has arrived in Pakistan for discussions regarding the budget.
Oil hits 2-week high following drone strike on UAE nuclear power facility
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