Pak-Iran gas project consortium formed: Dr. Asim

KARACHI: Federal Minister Petroleum Dr. Asim Hussain Monday said the consortium of banks for the project of Pakistan Iran Gas Pipeline had been formed and an offer of 1.40 billion dollars loan had already been made, Geo News reported.

Addressing traders at the office of Korangi Association of Trade and Industry (KATI), Dr. Asim said the progress in Pakistan Iran Gas project was moving ahead of its schedule and the consortium had been formed with the cooperation of ICB.

He said terms were being discussed after the offer of 1.4 billion dollars loan for the project.