CCoE Approves Phase One of Iran-Pakistan Gas pipeline Project

The CCoE approved the recommendations of the Ministerial Oversight Committee for the IP Project constituted by the Prime Minister in September 2023 whereby the Committee recommended starting work on the 80 km segment of the pipeline inside Pakistan i.e. from the Pakistan border up to Gwadar in the first phase. The Project will be executed by Interstate Gas Systems (Pvt) Ltd. and will be funded through Gas Infrastructure Development Cess. All the concerned divisions gave a positive nod to move ahead with the project to ensure gas supplies to the people of Pakistan, thereby addressing the increasing energy needs of the country. This will not only boost the energy security of Pakistan but would enhance the confidence of the local industry which would be ensured with the enhanced gas supplies. This will also catalyze the economic activity in the province of Baluchistan and will contribute to the economic progress of Pakistan.