CDWP, ECNEC approval awaited for IP gas pipeline project after lifting of sanctions: Official

710

ISLAMABAD, April 3 (APP):The Ministry of Petroleum and Natural Resources is awaiting approval of CDWP and ECNEC to apply for foreign funding to lay pipeline on Pakistani side under the Iran-Pakistan (IP) gas pipeline project after lifting of international sanctions on Iran. “To formally apply for financing as Buyer’s Credit, as per procedure, the PC-I of the project needs to be approved by the Central Development Working Party (CDWP) and Executive Committee of the National Economic Council (ECNEC). The PC-I has been submitted by the ministry and approval of the same is awaited,” a senior official of the ministry told APP Sunday.