Pakistan risks sanctions over Iran gas deal: WSJ
WASHINGTON: Pakistan risks imposition of stringent US and UN sanctions if proposed Iran-Pakistan pipeline deal goes through, Wall Street Journal says in a report.
“Washington has made it clear that it will impose economic sanctions on Islamabad if it begins to buy gas from Iran. Besides, the UN mandated sanctions on any trade with the oil-rich country,” the newspaper said.
In a written reply to The Wall Street Journal, the US embassy in Islamabad reiterated the US position and said: “Our policy on Iran is well known. We have made it clear to all of our interlocutors around the world that it is in their interests to avoid activities that may be prohibited by United Nations sanctions or sanctionable under US law.”
Prime Minister Raja Pervez Ashraf said on Tuesday that the pipeline would be a “big leap forward” in resolving country’s crippling power crisis.
The WSJ says: “While the pipeline could bring relief to energy-starved Pakistan, analysts say that the deal reveals more about the geopolitical dynamics between the US, Pakistan and Iran than about the government’s commitment to address the energy