(MENAFN) Iran has suspended its USD250 million-worth loan to Pakistan which was part of a pipeline project, according to Tehran Times.
Pakistan intended to build the pipeline to import natural gas from Iran.
Iran"s Deputy Oil Minister Ali Majedi said: "Pakistani officials were told in recent talks that, given the sanctions, Iran is not in a position to finance the construction of a pipeline in another country and has no obligation to do so."
He added that Iran has suggested Islamabad seek assistance from European firms to build the Pakistani part of the pipeline project between them.
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