Sunday, May 19, 2024

Pakistan “Formal Contacts” Russia to buy cheap Oil and Gas

Pakistan on Saturday communicated with Russia to procure cheap oil and gas. Foreign ministry and petroleum ministry started to communicate – via letters – with Russia.

Pakistan has also pledged not to violate any global treaties in this regard – purchasing oil, gas. A Pakistani delegation is ready to visit Russia – if invited – and to hold talks about discussions.

As the cost of these products in the South Asian nation has risen to an all-time high, the Pakistani government has publicly approached Russian authorities to purchase inexpensive oil and gas.

The news comes a month after Ishaq Dar, the federal finance minister, stated that the administration was examining the possibility of importing oil from Russia.

“If India can buy oil from Russia, why can’t we. We can also import it,” Dar had said while addressing the Chartered Accountant Association Conference on October 19.

Days after Prime Minister Shehbaz Sharif met Russian President Vladmir Putin on the sidelines of the Shanghai Cooperation Organization (SCO) in Samarkand in September, reports had also emerged that Moscow had expressed readiness to supply petrol to Pakistan on deferred payments.

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