Pakistan Considers Importing Cheaper Oil and Gas from Iran After US Sanctions Waiver
Pakistan is considering importing cheaper oil and gas from Iran following a temporary 60-day US waiver easing sanctions on Tehran. Federal Minister Ali Pervaiz Malik stated the government will comply with international obligations and has already reduced domestic fuel prices beyond global declines. Despite relief efforts, Pakistan faces an acute gas shortage, especially in Punjab. The US waiver is conditional and subject to renewal based on ongoing US-Iran negotiations, with calls to leverage lower Iranian energy prices for public benefit.