The US advises against Pakistan’s business with Iran due to the risk of facing US sanctions. The country’s Minister for Petroleum seeks a US waiver for the Iran-Pakistan Gas Pipeline project, emphasizing Pakistan’s commitment to the project for energy security. Pakistan emphasizes the project as a sovereign decision despite US concerns.
WASHINGTON: US Department of State Spokesperson Matthew Miller on Tuesday said that any country doing business with Iran risks facing US sanctions, ARY News reported.
“We always advise everyone that doing business with Iran runs the risk of touching upon and coming in contact with our sanctions and would advise everyone to consider that very carefully,” he said while responding to a question regarding the Iran-Pakistan Gas Pipeline Project.
“As the assistant secretary made clear last week we do not support this pipeline going forward,” Matthew Miller added.
The statement comes a day after Minister for Petroleum Musadik Malik said that Pakistan would seek a US waiver of the sanctions over the Iran-Pakistan Gas Pipeline project.
Speaking to media representatives, the petroleum minister said that Pakistan cannot afford the project to be halted, adding that the United States government would be asked to waive off the sanctions from the project.
“We have prepared an exemption petition draft against the US sanctions,” Musadik Malik added. He said that Pakistan will fully present its case on the matter.
Earlier, Pakistan reaffirmed its commitment to the pipeline project as Foreign Office Spokesperson Mumtaz Zahra Baloch called it the sovereign decision of the government to continue the project.
During the weekly news briefing on March 21, Baloch reiterated that there was no room for any discussion or waiver from any third party for the construction of the pipeline.
She went on to add that Pakistan has conveyed to the US authorities the importance of the project for its energy security.
The recent advisory from the United States regarding Pakistan’s business dealings with Iran has garnered significant attention in the global arena. The implications of this advisory are multifaceted and warrant careful consideration on the part of Pakistan’s government and business community. The advisory underscores the complex geopolitical landscape and the impact of international sanctions on Iran. It brings to the forefront crucial questions about Pakistan’s foreign policy, economic interests, and relationships with key global players. As Pakistan navigates this advisory, it is imperative to weigh the potential benefits and risks of its business ties with Iran, while taking into account the broader implications for regional stability and international partnerships. The interplay of economic, political, and strategic factors demands a nuanced approach and thorough deliberation. We shall closely monitor how Pakistan addresses this pertinent issue in the coming months, and its potential impact on the broader geopolitical landscape.
Source: ARY NEWS
US, Pakistan, Iran, business, sanctions, gas pipeline project, waiver, exemption petition, sovereignty, energy security. Pakistan’s commitment to the Iran-Pakistan Gas Pipeline project faces US opposition, warning of sanctions for engaging with Iran. Minister for Petroleum Musadik Malik seeks a US waiver to continue the project, emphasizing its significance for Pakistan’s energy security. Foreign Office Spokesperson reaffirms Pakistan’s sovereign decision to proceed with the project, rejecting any third-party interference. Pakistan prepares an exemption petition against US sanctions, intending to present its case for the pipeline’s continuation. The US advises caution, emphasizing the risk of sanctions for engaging in business with Iran.
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