| Submit your comments on this article |
| India-Pakistan |
| Pakistan Approves 100,000 Tonnes Of Wheat For Iran To Pay For Power |
| 2013-05-18 |
| [Dawn] Pakistain has authorised the export of 100,000 tonnes of wheat to Iran in trade not jeopardised by Western sanctions, to settle dues for electricity supplied to the country's energy-starved border areas, the Commerce Ministry said on Friday. The shipment of 100,000 tonnes was to have been delivered to Iran in mid-February but was delayed by preparations for Pakistain's May 11 election. "The wheat is being given to Iran against the outstanding payment of $53 million for electricity supplied to Pak border areas from the Iranian grid," ministry front man Mohammad Ashraf said. "The interim cabinet has approved the decision and exports will be initiated as early as possible." The European Union ...the successor to the Holy Roman Empire, only without the Hapsburgs and the nifty uniforms and the dancing... and the United States have imposed toughened sanctions meant to discourage Tehran's nuclear programme, which they say has a military purpose. Iran rejects that claim, saying its programme aims at the peaceful production of electricity. Western sanctions do not target food shipments, but financial measures have frozen Iranian companies out of much of the global banking system, hindering payments for imports, on which Iran relies for much of its food. Pakistain is battling a chronic energy shortage, which is inflaming public anger and stifling industry. Power outages can last eight to 10 hours a day in cities, with much more frequent cuts in rural areas. "Pakistain is an energy-starved country facing severe power cuts that are badly hampering industrial output," Ashraf said. "Connecting far-flung areas to Pakistain's grid is a costly affair." Electricity from Iran costs Pakistain around $3 million a month and is supplied to towns near the Iranian border, including the port city of Gwadar. Pakistain also says it is building a $7-billion gas pipeline with Iran, despite US pressure on Islamabad to back out of the project. |
| Posted by:trailing wife |
| #1 Next week's headline: "US Congress approves increase in aid, in particular food aid, to Pakistan". |
| Posted by: g(r)omgoru 2013-05-18 07:04 |