New Iran sanctions could hit Pakistan: Holbrooke

Pakistan should be wary of committing to an Iran-Pakistan natural gas pipeline because anticipated US sanctions on Iran could hit Pakistani companies, the U.S. special representative to the region said on Sunday. While sympathetic to Pakistan's energy needs, the US special representative to the region, Richard Holbrooke, told reporters that new legislation, which targets Iran's energy sector, is being drafted in the U.S. Congress and that Pakistan should "wait and see". "Pakistan has an obvious, major energy problem and we are sympathetic to that, but in regards to a specific project, legislation is being prepared that may apply to the project," he said, referring to the pipeline. "We caution the Pakistanis not to over-commit themselves until we know the legislation."

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