Lahore: The Pakistan Economy Watch (PEW) on Wednesday said inauguration of Pakistani portion of Iran gas pipeline, economically and strategically crucial for the future of our country, is the greatest achievement of the incumbent Government.
This historic decision, taken after a long delay, will help attract investment, provide jobs, and revive sliding economy while it has renewed hopes among dejected masses and business community reeling under severe energy crisis, it said.
The decision shows that Pakistan has decided to put its own interests ahead of the interests of all other nations and it is unwilling to sacrifice economy for the sake of the sole super power which has helped government gain global admiration, said Dr. Murtaza Mughal, President PEW.
President Zardari’s bold step will result in enhanced regional connectivity while balancing Pakistan’s relations with Iran and the Arab world to enhance our dignity among comity of nations, he added.
Dr. Murtaza Mughal said that slapping sanctions on Pakistan is against US interests, as it will have negative impact on war on terror and make US withdrawal from Afghanistan difficult.
He said that that American apathy towards Islamabad’s economic compulsions resulted in rapid developments related to the project, which have surprised many independent observers.
US continued to offer costly and unviable solutions to Pakistan’s energy problems including TAPI but it refused to sign a Civil Nuclear Agreement as she did with India which was discrimination with an important ally, Dr. Murtaza Mughal noted.
The decision will go a long way in ensuring energy security for Pakistan and improve our energy mix heavily tilted towards oil.
He warned that Iranian gas will of little use if government failed to introduce power sector reforms, attracted investment in exploration and cull circular debt.