AGL 38.80 Decreased By ▼ -0.78 (-1.97%)
AIRLINK 129.50 Decreased By ▼ -1.72 (-1.31%)
BOP 7.15 Increased By ▲ 0.34 (4.99%)
CNERGY 4.62 Decreased By ▼ -0.09 (-1.91%)
DCL 8.42 Decreased By ▼ -0.02 (-0.24%)
DFML 41.00 Decreased By ▼ -0.47 (-1.13%)
DGKC 81.60 Decreased By ▼ -0.49 (-0.6%)
FCCL 32.66 Decreased By ▼ -0.44 (-1.33%)
FFBL 72.33 Decreased By ▼ -0.54 (-0.74%)
FFL 12.37 Increased By ▲ 0.11 (0.9%)
HUBC 109.70 Decreased By ▼ -1.04 (-0.94%)
HUMNL 14.10 Decreased By ▼ -0.41 (-2.83%)
KEL 5.08 Decreased By ▼ -0.11 (-2.12%)
KOSM 7.63 Increased By ▲ 0.02 (0.26%)
MLCF 38.40 Decreased By ▼ -0.50 (-1.29%)
NBP 69.57 Increased By ▲ 5.56 (8.69%)
OGDC 189.25 Decreased By ▼ -3.57 (-1.85%)
PAEL 25.49 Decreased By ▼ -0.19 (-0.74%)
PIBTL 7.45 Increased By ▲ 0.11 (1.5%)
PPL 150.45 Decreased By ▼ -3.62 (-2.35%)
PRL 25.40 Decreased By ▼ -0.43 (-1.66%)
PTC 17.25 Decreased By ▼ -0.56 (-3.14%)
SEARL 81.05 Decreased By ▼ -1.25 (-1.52%)
TELE 7.63 Decreased By ▼ -0.13 (-1.68%)
TOMCL 33.08 Decreased By ▼ -0.38 (-1.14%)
TPLP 8.33 Decreased By ▼ -0.16 (-1.88%)
TREET 17.02 Increased By ▲ 0.40 (2.41%)
TRG 57.65 Increased By ▲ 0.25 (0.44%)
UNITY 28.09 Increased By ▲ 0.58 (2.11%)
WTL 1.34 Decreased By ▼ -0.03 (-2.19%)
BR100 10,545 Increased By 40.3 (0.38%)
BR30 30,991 Decreased By -235.4 (-0.75%)
KSE100 98,556 Increased By 476 (0.49%)
KSE30 30,734 Increased By 174.9 (0.57%)

Pakistan and Iran on Saturday could not reach an understanding on key issues of price mechanism and security for bilateral gas pipeline. Pakistani side led by Petroleum Secretary Furrukh Qayyum made its best to convince the Iranian during day long meeting that finalisation of draft for agreement for bilateral pipeline project was extremely important.
But it did not work and finally the two sides left the meeting room late on Saturday night without reaching any conclusion. Desperate with unexpected outcome of the last two days' parleys with Iranian team, Furrukh Qayyum had only one answer to repeated calls made by this correspondent till mid Saturday night that he cannot tell anything.
A high level visiting Iran's delegation, headed by Dr Ghamini held discussions with Pakistani officials on gas line project for the last two days. The discussions covered wide-ranging issues including gas pricing formula, size and route of the pipeline, taxation and other facilities to be accorded by both the governments to make the project a reality.
Sources said the two sides sharply differed over all key issues including backup facility size of the pipeline, role of third party for ensuring continuous supply of gas and security to the project.
Iran and Pakistan had decided to go for the project without New Delhi the other day. The two sides wanted positive result of talks to at least show India, which did not participate in this round that they can go for the project even without New Delhi.
Iran and Pakistan had invited India for the project to make it economically and commercially viable at an early stage. India also showed keen interest and became part of the discussion. Its delegation participated in many meetings and made Iran and Pakistan feel that New Delhi was more than interested to become a partner in the project to meet its growing gas demand. However, it's time and again going back and forth changed situation more than once. Its shaky behaviour left Iran and Pakistan in complete limbo.
At last Islamabad and Tehran strongly felt that their policy of keep on waiting for Indian participation will ultimately cause irreparable loss to the project. Finally, they decided to go for the project without India.

Copyright Business Recorder, 2007

Comments

Comments are closed.