Moscow’s embassy says consultations on a second cargo are underneath approach
By:
Chandrashekar Bhat
PAKISTAN has obtained its first cargo of liquified petroleum gasoline (LPG) from Russia, Moscow’s embassy in Islamabad stated on Tuesday (26), marking Islamabad’s second main Russian vitality buy.
The cargo, which the embassy stated was delivered with Iranian assist, comes after Pakistan obtained its first-ever supply of Russian crude underneath a deal struck between the 2 international locations earlier this yr.
Russia delivered 100,000 metric tons to Pakistan via Iran’s Sarakhs Particular Financial Zone, the Russian embassy stated in a publish on social media.
The embassy stated consultations on a second cargo had been underneath approach. It didn’t present particulars on Iran’s involvement, and it was not instantly clear how a lot the LPG price or if it was discounted.
Pakistan has stated it had paid for the Russian crude in Chinese language foreign money however the worth of the deal was by no means disclosed.
Power imports make up the vast majority of Pakistan’s exterior funds and discounted imports from Russia provide a respite as Islamabad faces an financial disaster with an acute steadiness of funds drawback, risking a default on its exterior debt.
(Reuters)
