Iran has granted Pakistan a 180-day extension for the gas pipeline project, pushing the deadline to September 2024.
The extension comes with a stern warning from Tehran, indicating the possibility of seeking an $18 billion penalty through International Arbitration in Paris if the matter proceeds to that stage.
In an effort to find an amicable solution, Iran has proposed sending legal and technical teams to collaborate with Pakistan before the extended deadline.
The teams, comprising professionals in international relations, legislation, legal structure, and engineering, are set to visit Pakistan in February 2024. Both nations aim to ensure the completion of the gas pipeline project without resorting to arbitration.
The collaborative efforts signal a diplomatic approach to resolving the long-standing issue that has faced hurdles, with Pakistan attributing delays to US sanctions on Iran, a claim Tehran disputes, asserting the unjustifiability of the restrictions.
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