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8/18/05

World Bank denies report on Iran-India gas line

Islamabad, Aug 18, IRNA-The World Bank in Pakistan on Thursday denied reports in section of local press suggesting that the donor agency had cautioned against supporting the proposed gas pipeline from Iran to India via Pakistan.

"The report is baseless. It does not refer to any World Bank official, rather quotes unnamed sources," an Islamabad-based official of the donor agency said while talking to IRNA here.

However, he declined to make any statement when asked whether or not the World Bank had any concerns or apprehensions regarding the project.

"The World Bank President Paul Wolfowitz is the right person to comment," Shahzad Shargil, the donor agency's representative said.

Wolfowitz, head of the US-based bank, left Pakistan on Wednesday after a three-day stay.

New Delhi would be part of the multi-billion project to carry gas from Iran through pipeline aimed at meeting growing energy needs of both Pakistan and India.

The three countries are willing to realise the project, envisioned way back in the mid-90s. Analysts say that the project, when launched could trigger significant economic activity in the region.

... Payvand News - 8/18/05 ... --



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