PAKISTAN –IRAN ECONOMIC RELATIONS: THE CASE STUDY OF ENERGY AND GAS PIPELINES PROJECT

Abstract

This study analyzes the economic interactions between Pakistan and Iran, emphasizing energy cooperation and the Iran-Pakistan Gas Pipeline (IPGP) initiative. It analyzes the evolution of bilateral relations, the importance of regional energy geopolitics, and the impact of other players such as the United States, China, and the Gulf States on the situation. The research employs a qualitative methodology to assess policy documents, official agreements, and expert interviews, aiming to clarify the obstacles, delays, and strategic ramifications of bilateral energy initiatives.
The findings indicate that the IPGP had significant potential to enhance Pakistan's energy security and Iran's ability to export commodities; nevertheless, its execution has been obstructed by financial constraints, US sanctions, and evolving geopolitical relationships. The paper emphasizes the significance of international cooperation, regional integration, and strategic autonomy in revitalizing and sustaining essential initiatives. This suggests that Pakistan and Iran may cooperate on energy initiatives that enhance regional connectivity and contribute to long-term economic stability.