The Iran-Pakistan gas pipeline project is yet to benefit from the lifting of U.S.-led sanctions as per a nuclear agreement that was signed between the United States and five other world powers with Iran on July 14, said a U.S. State Department.
According to the Dawn, a U.S. State Department official said that the lifting of sanctions for commercial deals with Iran had not started yet.
The US official further added that he would not offer any opinion on " possible future business deals."
The agreement was signed to ease the economic sanctions on Tehran if it abandoned its nuclear weapons programme.
Tariq Fatemi, Prime Minister Nawaz Sharif's special adviser on foreign affairs, said that Pakistan welcomed the deal because it would open the doors for economic cooperation with Iran, including the construction of a pipeline to bring natural gas for the energy-starved South Asian nation.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app