By Faheem Belharvi
Despite bitter opposition from the US and warnings of economic sanctions, Pakistani President Asif Ali Zardari and Iranian President Mahmoud Ahmedinijad on 11 March 2013 officially inaugurated construction work of a delayed $7.5 billion gas pipeline. The ceremony, which the President’s office described as a ‘big event’, was held in the Iranian border city of Chabahar. Both Presidents were accompanied at the ground-breaking by delegations comprising ministers, top officials as well as representatives of several Arab states.
Pak Iran gas pipeline is one of the important historic deals of the world especially in Pak and Iran horizons. The project will bring economic prosperity and opens new avenues of relationship between both the countries. Basically, Pakistan is energy stricken country and its growing economy failed to generate revenue requirements. Hence, it is need and necessity of the time to import cheap energy from neighboring country Iran in order to meet energy requirements and lessen our debt burden. The pipeline project will prove to be as the permanent energy bailout package for our energy deficiency.
The other impacts of this project could be; opening up new avenues of economic prosperity, extends business, commerce and trade activities and enhancing cultural relations with a country that has contributed so much, to our history, languages, literature, art and architecture. Meanwhile, tourism and sports activities will also increase which ultimately brings both countries closer.