Construction work of Iran-Pakistan gas pipeline on the Pakistani side will likely commence in next 30 days, Shana news agency said citing Javad Oji, Managing Director of National Iranian Gas Company (NIGC). Iran's private sector companies have started their activities in Pakistan and Iranian banks will provide financial resources for construction of the pipeline, Natural Gas Asia quoted him as saying.

The news agency said that there is also a suggestion that Iran will allocate a 500 million dollar credit to the project and the remaining financial needs will be met by collecting taxes from gas consumers in Pakistan. Also, it is planned Iranian and Pakistani companies would form joint venture for completion of the pipeline inside Pakistan territory.

Copyright News Network International, 2012