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Businessmen welcome decision on Iran-Pakistan gas pipeline

The business community on Saturday welcomed the decision of the government to materialise Iran-Pakistan gas pipeline project, according to a statement.

Tariq Sayeed, chairman of Pakistan-Iran Business Council and former president of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), hailed the government for its decision to materialise Iran-Pakistan gas pipeline project, terming it a landmark achievement, it said.

Sayeed, who is also the vice president of the Confederation of Asia-Pacific Chambers of Commerce and Industry, said that the approval of $1.5 billion by the Cabinet for construction of 785km gas pipeline is a bold decision, which will transform the project into reality, which was dreamed in 1950s. He felicitated the parliamentarians of the ruling and the coalition parties for exhibiting their greater will, which will add respect to the country as a sovereign state.

“No individual or any foreign country is above the sovereignty of Pakistan,” said Sayeed, adding that the business community stands by the present government on all issues, which are in the best interest of the country and the people. Sayeed said that every country has the right to take a decision in the larger interest of its economic growth and the functioning of IP gas pipeline will ensure supply of 750 million cubic feet of natural gas per day and help bridge the energy gap, required to keep industrial and commercial wheels of the country into perpetual motion.

“Iran-Pakistan gas pipeline is an important step forward and its successful operation will inspire the leadership of South Asia to implement another propose project Turkmenistan, Afghanistan, Pakistan and India (TAPI) gas pipeline, subsequently, benefiting the entire region of South Asia,” he said.

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