Pakistan has placed its first order for discounted Russian crude oil under a new deal struck between Islamabad and Moscow, the country’s petroleum minister said, with one cargo to dock at Karachi port in May. The deal will see Pakistan buy crude oil only, not refined fuels, and imports are expected to reach 100,000 barrels per day if the first transaction goes through smoothly, Minister Musadik Malik told Reuters on Wednesday night.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Turkey to pay for Russian gas in Roubles

London: On September 16, Russian President Vladimir Putin said that 25% of…

“Global economic growth to slump to three-decade low”: World Bank

According to the World Bank, the global economy is set to reach…

PSX begins week with loss

Karachi: The Pakistan Stock Exchange (PSX) started the week on a negative…