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SITUATION REPORT

Jan 31, 2013 | 06:12 GMT

Pakistan, Iran: Natural Gas Pipeline Agreement Approved

Pakistan's federal Cabinet on Jan. 30 approved a government-to-government cooperation agreement with Iran on engineering, procurement and construction work along with financing for the Pakistan segment of the Iran-Pakistan natural gas pipeline, the Daily Times website reported. A committee consisting of ministers for finance, law and justice, petroleum and national resources and the governor of the State Bank of Pakistan was formed to further analyze the project.

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