ISLAMABAD: Islamabad Chamber of Commerce and Industry (ICCI) has lauded the decision of the government for speeding up the pace of work on the Pak-Iran Gas pipeline project.

 

“The completion of this project would greatly help in overcoming country’s power problems,” Yassar Sakhi Butt, President ICCI said in a statement on Saturday.

 

He welcomed the resumption of Pak-Iran dialogue process on gas pipeline project and said this project would help improve energy supply to manufacturing and industrial sectors.

 

ICCI President said that gas suspension, particularly to textile industry has immensely damaged the productivity of this sector while all other sectors of the economy including agriculture, large scale industries, SMEs and international trade have suffered due to power shortage.

 

However, he hoped that gas supply from Iran would mitigate energy woes of business and industry people. He said that Iran and Pakistan has historic brotherly and geographical relations with common faith, which would be strengthened with the passage of time. He said that both the countries have huge trade and investment potential as well as capacity to launch joint ventures in the areas of common interest.

 

ICCI President was of the view that completion of Pak-Iran gas pipeline project would bring energy revolution in Pakistan and also strengthens the bond between Pakistani and the Iranian nation.

 

He said that huge gas reserves have been explored in Zain Koh which were much larger than the Sui reserves, therefore Government should execute this project on priority basis to bridge the rising gap between demand and supply of gas.

 

He further said that trilateral summit among Pakistan, Iran and Afghanistan would bring stability in the region and enhance mutual cooperation in different sectors.

 

He said that Muslim countries should unite to face future economic challenges, as they are rich in natural resources and minerals.
 

(Source: thenews.com.pk)