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ISLAMABAD: Department of Foreign Economic Cooperation and Fuel Markets Development Deputy Director Alexander Tolparov and Petroleum Division Secretary Dr Arshad Mahmood shake hand after signing an MoU on Thursday. Energy Minister Hammad Azhar looks on. White Star ISLAMABAD: After four days of negotiations, Pakistan and Russia on Thursday signed Heads of Terms (HoTs) of shareholders’ agreement for construction of about 1,100km gas pipeline from Port Qasim in Karachi to Lahore at an estimated cost of $2.5-3 billion by the end of 2023. At the signing ceremony, Pakistani side was led by Petroleum Division Secretary Dr Arshad Mahmood while Deputy Director of Department of Foreign Economic Cooperation and Fuel Markets Development of Russian Ministry of Energy Alexander Tolparov led the visiting team. Barrister Asghar Khan of Lincolns Law Chamber and Zaheer Riaz of M/O Ordignum provided legal assistance to Russian and Pakistani team, respectively.

Port qasimZaheer riazArshad mahmoodAsghar khanPetroleum divisionGas infrastructure development cessPakistan joint technical committeeDepartment of foreign economic cooperationSui companiesLincolns law chamberPetroleum division secretary dr arshad mahmoodDeputy directorForeign economic cooperationFuel markets developmentRussian ministryEnergy alexander tolparov