The Pakistani government has formally contacted authorities to buy Russian cheap oil and gas as prices of these commodities in the South Asian country have surged to a record level.
The development comes a month after Federal Finance Minister Ishaq Dar said that the government was considering an option to import 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.
Also Read : Pakistan going to buy Petrol from Russia at the same terms as India
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.
In the latest development, the Ministry of Foreign Affairs and Petroleum has written to Russia, expressing its interest in procurement of oil and gas from it.
According to the latest reports team of Pakistani officials would visit Russia 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 violation of the global treaty will be made in this process.
Leave a Reply