Iran has once again offered Pakistan the supply of gas to Pakistan to deal with the energy crisis. The two neighboring Muslim countries, Pakistan and Iran have several joint projects, as well as the 2,775-kilometre Iran–Pakistan gas pipeline, known as the Peace Pipeline, which is currently under construction. It is expected this pipeline worth $7.5 billion to deliver natural gas from Iran to Pakistan.
Iran welcomed the export of mangoes, rice and other food items from Pakistan. The target of trade volume between Pakistan and Iran was five billion dollars and this target could be reached by starting more economic activities. Iran is currently supplying 104 MW of electricity to Pakistan, while supply of another 100 MW of power to Gwadar would be launched soon.
The US has consistently opposed the pipeline agreement, which was first inked by Iran and Pakistan in 1995. Iran reportedly offered Pakistan $500 million to aid in construction after completing its portion of the pipeline in 2011. The pipeline is expected to cost $7 billion (€6.2 billion) in total.
In order to minimize the energy deficit in Pakistan, the government again should seriously consider restarting work on Iran-Pakistan (IP) Gas Pipeline Project that will surely help Pakistan to overcome its energy crisis by filling the gap between supply and demand. It will not only help minimize the natural gas shortage but will also meet the shortage of electricity. Iran is currently supplying 104 MW of electricity to Pakistan, while supply of another 100 MW of power to Gwadar would be launched soon.
Serious attention should be given to trade with Iran as it will not only increase trade but will also create more business opportunities in the country. The Zahedan Express train from Quetta to Zahedan should be further improved and with the support of the Chamber of Commerce, direct flights from Quetta to Tehran should be started soon to further promote cooperation in tourism and economic sectors.