Friday, June 21, 2024
HomeLatest NewsWorldU.S. reaffirms commitment to address Pakistan's energy crisis - Prime Time News24

U.S. reaffirms commitment to address Pakistan's energy crisis – Prime Time News24



America on Thursday as soon as once more reiterated its assist for Pakistan’s vitality woes saying that Washington “prioritises” serving to Islamabad in addressing its vitality scarcity.

“Serving to Pakistan tackle its vitality scarcity disaster is a precedence for the US,” State Division spokesperson Matthew Miller stated whereas responding to a query pertaining to the nation’s help to Pakistan in assembly the vitality wants in mild of Washington’s opposition to the Pakistan-Iran fuel pipeline.

The spokesperson’s remarks got here as Washington has time once more voiced its opposition to the bilateral fuel pipeline settlement between Islamabad and Tehran and has threatened to impose sanctions for the completion of mission which has been going through a delay of almost 10 years because it was initially set to be accomplished in 2015.

Nonetheless, as a result of prevailing financial crises, pushed by a weakening native foreign money and depleting overseas change reserves, which have resulted in hovering utility payments and worsening vitality scarcity, Islamabad is working out of choices to fulfill its growing vitality wants.

Moreover, the nation additionally dangers being awarded a $18 billion penalty for its failure to uphold its finish of the settlement i.e., completion of the 781-kilometre pipeline from the Iranian border to Nawabshah adopted by consumption of 750 million cubic ft of fuel per day.

The mission has been going through delays since 2014. In January, Iran issued a 3rd discover to Pakistan, renewing its intention to maneuver the arbitration court docket for its failure to put down the pipeline in its territory.

On Monday, Petroleum Minister Musadik Malik stated that Islamabad would vigorously contest its case to hunt exemption from “US sanctions by presenting technical and political arguments”.

Elaborating on the US assist for Pakistan in assembly its vitality wants, Miller stated: “We now have supported the addition of roughly 4,000 megawatts of unpolluted vitality capability in Pakistan.”

“Our initiatives have dramatically elevated the nation’s electrical energy capability, immediately powering the properties of hundreds of thousands of Pakistanis.

“By the United States-Pakistan Inexperienced Alliance, a transformative initiative between our two international locations are working collectively to handle immediately’s most urgent environmental challenges, particularly round water administration, climate-smart agriculture, and renewable vitality,” the spokesperson added.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Recent Comments