Russia & Iran shown interest for establishment of Pak-Iran gas pipeline; meanwhile Iran also offered 20 million dollars initially for the project to Pakistan.
The meeting of Economic Coordination Committee was held in Islamabad
and was chaired by Federal Finance Minister Abdul Hafeez Shaikh. The
meeting approved Rs 6.1 billion for tumbling Pakistan Railways.
During the meeting, a committee has been constituted comprising Federal Minister Water and Power Naveed Qammar, Petroleum Minister Dr Asim, Governor State bank of Pakistan and Secretary Economic Affairs Division to review Pak-Iran gas pipeline project. The committee will present its report regarding the project within two or three days.
The meeting also formed a committee under the supervision of Naveed Qammar to review 1.2 million wheat exports to Iran. The Economic Coordination Committee also set urea price at Rs 1600 per 40 kilogram. SANA
