SUMMARY of the “Pak-Iran relations,” Aizaz Ahmad Chaudhry, January 14th, 2024
The article delves into the historical context and current state of Pakistan-Iran relations, emphasizing the immense potential for cooperation between the two neighboring nations. Iran, with a rich history dating back over 2,500 years, boasts vast natural resources, including significant gas and oil reserves. Despite historical and cultural congruity, the tangible bilateral cooperation has not reached its potential, attributed in part to US sanctions on Iran and perceived lack of political will. The article identifies three critical areas for enhancing cooperation: energy, border management, and trade. The Iran-Pakistan gas pipeline agreement (IP) signed in 2012 faced obstacles due to sanctions, and recent developments like the US withdrawal from the Iran nuclear deal and the Financial Action Task Force blacklisting have further complicated the situation. The border, seen as one of ‘Peace, friendship and love,’ has occasional challenges with cross-border terrorism, necessitating improved coordination. Additionally, bilateral trade has been hindered by the absence of regular banking channels due to US sanctions. The article suggests encouraging border markets and barter trade to overcome economic sanctions. It also highlights the potential of Gwadar and » Read More…