Pakistan 'Formally Contacts' Russia to Buy Cheap Oil, Gas
The Pakistani government has formally
contacted authorities in Russian to buy cheap oil and
gas as prices of these commodities in the South Asian country has surged
to a record level.
The development comes a month after Federal Finance Minister Ishaq Dar said that that the government was considering an option to import oil from Russia.
A team of Pakistani officials would visit Russian
after it receives an invitation from Moscow.
Officials said that an agreement with Russia will be made keeping in view the public
interest,
adding that no any violation of global treaty will be made in this process.
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.
“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.
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