Islamabad: Pakistan and Iran on Thursday reaffirmed determination to complete mega project of Gas Pipeline by 2014 as construction was already underway on Iranian side.
“Iran would continue energy cooperation with Pakistan,” said visiting Iranian Foreign Minister Dr Ali Akbar Salehi while addressing a joint press conference with Pakistan’s Finance Minister Abdul Hafeez Sheikh. Earlier they signed three MoUs in addition to minutes of the 2-day meeting of the Joint Economic Commission.
According to the Iranian Foreign Minister, they have completed 90 per cent construction of pipeline on their side and hoped that it would reach the border within next one year. He was of the view that eventually it would emerge to be the peace pipeline and would reach to every country that needs gas from Iran.
He was addressing a joint press briefing alongwith Finance Minister Abdul Hafeez Sheikh here on Thursday after the signature of Memorandum of Understanding (MoU) between two sides.
Iranian Foreign Minister Salehi said that the gas pipeline project would be named as ‘peace pipeline’. He said that Iran has almost completed 90 percent of work on the project inside her geographical limits and within one year it would reach to Pak Iran border.
Responding a question he said that Iran has attained self-reliance in nuclear fuel and has made uranium with 20 per cent enrichment. According to the Minister, it was already in knowledge of International Atomic Energy Agency (IAEA) and everyone that is concerned.
Asked to comment on the threatening statement of French President Nicolas Sarkozy, he said, “sometime some statement does not deserve reaction. Iran is there for the last 3000 years and we have seen numerous of such statements and threats,” he maintained.
Ali Akbar Salehi told the journalists that there is a great potential to enhance trade volume between two countries to 5 billion dollars .He said that Pakistan and Iran are the important players of the region and both have very crucial role in changing scenario in the region.
On the occasion Finance Minister Hafiz Sheikh said that Iran would provide 1100 megawatts of electricity to Pakistan out of which 1000 mw would be put in national grid while remaining 100 megawatts would be supplied to Gawader. He said that Iran wants to increase road and rail links with Pakistan.
Hafiz Sheikh said that to boost up the investment between Islamabad and Tehran a joint investment fund would be established. He said that both countries have principally agreed to enhance the cooperation in the sectors of revenue, railways and road communications.
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