Pakistan delays multi-billion dollar gas pipeline project with Iran under pressure from US

In a major setback for Pakistan, a top minister claimed that the country has temporarily delayed the multi-billion dollar gas pipeline project to import cheap energy from neighbouring Iran. According to a media report, Islamabad did it under pressure from the United States which has imposed multiple sanctions against Tehran over its nuclear programme. The development comes as Pakistan struggles to put its cash-strapped economy in order with the help of the International Monetary Fund, which agreed to provide $3 billion in loans.In a major setback for Pakistan, a top minister claimed that the country has temporarily delayed the multi-billion dollar gas pipeline project to import cheap energy from neighbouring Iran. According to a media report, Islamabad did it under pressure from the United States which has imposed multiple sanctions against Tehran over its nuclear programme. The development comes as Pakistan struggles to put its cash-strapped economy in order with the help of the International Monetary Fund, which agreed to provide $3 billion in loans.

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