Iran has issued a final notice to Pakistan over the delayed Pak-Iran gas pipeline project, warning of legal action in the International Court of Arbitration if the project is not completed. Pakistan is considering options to negotiate a resolution through talks to avoid potential financial penalties.
The project has faced delays since 2014, with various obstacles hindering its progress. Iran has expressed serious concerns over the continued postponement, and Pakistan is now at risk of legal action, which could result in heavy financial penalties.
The Petroleum Division is exploring the matter through discussions, focusing on the legal aspects to find a viable solution. The outcome of these discussions will be crucial in determining the future of the Pak-Iran gas pipeline and avoiding potential international arbitration.
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