The Iran-Pakistan Gas Pipeline project, once envisioned as “Peace Pipeline” has become “strategic gamble” due to political and economic uncertainties. This research explore the deep insights into challenges, Opportunities and foreign policy implications surrounding the project. The key challenges revolve around geopolitical tension in the region, due to economic issues, sanctions imposed by the USA on Iran, and security concerns in terror-prone areas. While, the pipeline project presents promising opportunities such as strengthening regional cooperation, mitigating energy shortages, and boosting economic progress. The research use mix method approach, primarily focus on qualitative analysis. The analysis reveal how US sanctions and regional instability have effect the project progress, while also highlights the potential benefits of energy security and regional cooperation for both Iran and Pakistan. Ultimately the research concludes that the Pipelines future depends on Pakistan’s ability to navigate the complex geopolitical dynamics, with the potential to become either bridge or barrier to regional peace.

Index Terms- Iran-Pakistan Gas Pipeline Project, Strategic gamble, regional economic development, foreign policy implications