The first shipment of liquefied petroleum gas from Russia arrived in Pakistan on Tuesday, according to Moscow’s embassy in Islamabad, marking Islamabad’s second major Russian energy purchase.
The shipment, which the embassy said was delivered with Iranian assistance, comes on the heels of Pakistan receiving its first-ever delivery of Russian crude under a deal struck between the two countries earlier this year.
Russia delivered 100,000 metric tonnes to Pakistan via Iran’s Sarakhs Special Economic Zone, according to a social media post by the Russian embassy.
The embassy stated that discussions on a second shipment were currently underway. It didn’t say anything about Iran’s involvement, and it wasn’t clear how much the LPG cost or whether it was discounted.
Pakistan has stated that it paid for the Russian crude in Chinese currency, but the value of the transaction has not been disclosed.
Energy imports account for the majority of Pakistan’s external payments, and discounted imports from Russia provide some relief as Islamabad struggles with an acute balance of payments problem, risking default on its external debt.
The strategic partnership of GWM and SAZGAR brought with it the world renowned Haval brand…
In a celebration of heritage, skilland craftsmanship, we are pleased to announce the creation of…
Multan, South Punjab, Pakistan - April 25, 2024 - In a historic stride towards inclusivity…
The Pakistan Stock Exchange's (PSX) benchmark KSE-100 Index hit a fresh peak on Friday, as…
Kasperskyintroduces its new flagship product line 'Kaspersky Next' combining robust endpointprotection with the transparency and…
Gold prices increased in Pakistan on Friday in line with a rise in the international…
Leave a Comment