Despite all international pressures, the future of Iran-Pakistan gasline appears to be now in calm waters, thanks largely to the Public Joint-Stock Company (PJSC) of Russia which has expressed its willingness to finance the project. Islamabad would be sending a draft agreement to Moscow within the next 15 days. This breakthrough was achieved at the second meeting of Pak-Russia Joint Working Group on Energy held in Islamabad. The Russian delegation also showed interest in Tapi gas pipeline project. It is a good omen that after disappointment from Western and American friends, we have started exploring other options.

The Pak-US strained relations have had an adverse impact on our effort to get financial support for our projects from the West. The World Bank’s reluctance to finance the Diamir Bhasha Dam project to which it had earlier agreed is a recent example. The IP gasline will help reduce our energy shortages, providing relief to the people from loadshedding, revive industry and improve economy. The Russian deal should be quickly pushed through.