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Pakistan approves deal to import 300,000 tonnes of Russian wheat

CrazyZ

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The government’s Economic Cooperation Committee backs $112m deal aimed at meeting country’s shortfall after weak production, floods.

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Russia is one of the world's largest supplier of wheat [File: Alexey Malgavko/Reuters]
By Abid Hussain
Published On 1 Nov 20221 Nov 2022

Islamabad, Pakistan – The government of Pakistan has approved a deal worth nearly $112m to import 300,000 tonnes of wheat from Russia to meet its domestic shortfall.
The deal endorsed by the Economic Cooperation Committee on Monday comes as Pakistan struggles to balance its fragile economy and manage the aftermath of devastating floods this summer that killed more than 1,700 people and affected some 33 million.

Under the deal, the wheat will be supplied by Prodintorg, a Russian state corporation. Pakistan last imported wheat from Russia in July 2020, in another government-to-government deal for a million tonnes of the commodity.
The Trading Corporation of Pakistan, the government entity mandated for the import and export of commodities, said Prodintorg has not been hit by sanctions imposed by Western countries following Russia’s invasion of Ukraine in late February. Russia and Ukraine are among the world’s largest suppliers of wheat.

Pakistan had set a goal of producing 27 million tonnes of wheat domestically in 2022. But due to a number of reasons, including water scarcity and the redevelopment of agricultural land, scientists were already predicting its harvests would be slashed by 15 percent. The severe flooding of that year wreaked havoc in southern parts of the country and destroyed large areas of farmland in Sindh and Balochistan provinces.

A United States government report on agriculture forecasted that Pakistan’s wheat production would drop by eight million tonnes because of the flooding.
Pakistan’s economic situation remains fragile, despite receiving billions of dollars in funding from global financial institutions in recent months.

A World Bank report in October said inflation in Pakistan was expected to hit about 23 percent in the next fiscal year due to flood-related disruptions and “difficult external conditions, including tighter global monetary conditions”.
Pakistan also had to run the risk of being sanctioned as it was trading with Russia.

Pakistan’s former Prime Minister Imran Khan, who headed to Russia on the day President Vladimir Putin sent his troops into Ukraine, has repeatedly defended his visit and recently said he wanted to import wheat because of his country’s wheat shortfall.


Khan’s successor, Shehbaz Sharif, met Putin in September on the sidelines of the Shanghai Cooperation Organisation in Samarkand, Uzbekistan. He has also accepted an invitation to Russia and has publicly expressed interest in boosting cooperation in areas such as food security, energy and trade.

 

Maula Jatt

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IK is a foreign policy nightmare - if he didn't go and meet Putin (something every other normal politcal leader would be smart enough to not do and would choose to stay nuetral)

You would have have gotten the Russian oil, wheat every goddamn Russian thing out there without breaking neutrality(which by meeting Putin than he kinda did)
 

CrazyZ

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IK is a foreign policy nightmare - if he didn't go and meet Putin (something every other normal politcal leader would be smart enough to not do and would choose to stay nuetral)

You could have have gotten the Russian oil, wheat every goddamn Russian thing out there without breaking neutrality(which by meeting Putin than he kinda did)
That's diplomacy. Shabazz also met with Putin. Pakistan is neutral in the current conflict. We must adapt to reality. The world is splitting into 2 major trade/currency blocs....the ruble-yuan bloc and the dollar-euro bloc. Pakistan will have to maintain separate trade and forex accounts with the 2 blocs. Eurasian integration is good for Pakistan, IMO.
 

PakFactor

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IK is a foreign policy nightmare - if he didn't go and meet Putin (something every other normal politcal leader would be smart enough to not do and would choose to stay nuetral)

You would have have gotten the Russian oil, wheat every goddamn Russian thing out there without breaking neutrality(which by meeting Putin than he kinda did)

Shahbaz also met Putin. Those who know would tell you IK went with establishment approval. Honestly, even in the US, there was no noise from the IK visit; it's just Patwari's in Pakistan making noise for nothing.
 

Baburfromsarmarkand

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That's diplomacy. Shabazz also met with Putin. Pakistan is neutral in the current conflict. We must adapt to reality. The world is splitting into 2 major trade/currency blocs....the ruble-yuan bloc and the dollar-euro bloc. Pakistan will have to maintain separate trade and forex accounts with the 2 blocs. Eurasian integration is good for Pakistan, IMO.
Lol we need to create our own block. Enough of orbiting others
 

War Thunder

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IK is a foreign policy nightmare - if he didn't go and meet Putin (something every other normal politcal leader would be smart enough to not do and would choose to stay nuetral)

You would have have gotten the Russian oil, wheat every goddamn Russian thing out there without breaking neutrality(which by meeting Putin than he kinda did)


Nations are not built by playing diplomacy. Nations are built by those who carry the courage to defy the norms.
He could have chosen not to go, but then this country would still be one of the meaningless colonies of the USA which are used and then discarded.
 

Maula Jatt

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Nations are not built by playing diplomacy. Nations are built by those who carry the courage to defy the norms.
He could have chosen not to go, but then this country would still be one of the meaningless colonies of the USA which are used and then discarded.
Now that he was nearly assassinated, I know my post looks bad
its not about US, it's about diplomatic norms the world over and what most diplomatically astute people would have done

but I don't wanna discuss it, especially after what happened, I am sorry
too much for me
 

my2cents

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The government’s Economic Cooperation Committee backs $112m deal aimed at meeting country’s shortfall after weak production, floods.

View attachment 891494
Russia is one of the world's largest supplier of wheat [File: Alexey Malgavko/Reuters]
By Abid Hussain
Published On 1 Nov 20221 Nov 2022

Islamabad, Pakistan – The government of Pakistan has approved a deal worth nearly $112m to import 300,000 tonnes of wheat from Russia to meet its domestic shortfall.
The deal endorsed by the Economic Cooperation Committee on Monday comes as Pakistan struggles to balance its fragile economy and manage the aftermath of devastating floods this summer that killed more than 1,700 people and affected some 33 million.

Under the deal, the wheat will be supplied by Prodintorg, a Russian state corporation. Pakistan last imported wheat from Russia in July 2020, in another government-to-government deal for a million tonnes of the commodity.
The Trading Corporation of Pakistan, the government entity mandated for the import and export of commodities, said Prodintorg has not been hit by sanctions imposed by Western countries following Russia’s invasion of Ukraine in late February. Russia and Ukraine are among the world’s largest suppliers of wheat.

Pakistan had set a goal of producing 27 million tonnes of wheat domestically in 2022. But due to a number of reasons, including water scarcity and the redevelopment of agricultural land, scientists were already predicting its harvests would be slashed by 15 percent. The severe flooding of that year wreaked havoc in southern parts of the country and destroyed large areas of farmland in Sindh and Balochistan provinces.

A United States government report on agriculture forecasted that Pakistan’s wheat production would drop by eight million tonnes because of the flooding.
Pakistan’s economic situation remains fragile, despite receiving billions of dollars in funding from global financial institutions in recent months.

A World Bank report in October said inflation in Pakistan was expected to hit about 23 percent in the next fiscal year due to flood-related disruptions and “difficult external conditions, including tighter global monetary conditions”.
Pakistan also had to run the risk of being sanctioned as it was trading with Russia.

Pakistan’s former Prime Minister Imran Khan, who headed to Russia on the day President Vladimir Putin sent his troops into Ukraine, has repeatedly defended his visit and recently said he wanted to import wheat because of his country’s wheat shortfall.


Khan’s successor, Shehbaz Sharif, met Putin in September on the sidelines of the Shanghai Cooperation Organisation in Samarkand, Uzbekistan. He has also accepted an invitation to Russia and has publicly expressed interest in boosting cooperation in areas such as food security, energy and trade.

You help Ukraine in any way, defensive or offensive nuclear technology, the deal is off. Putin has already been vocal about Pakistani intrusion in this war.
 

Trango Towers

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IK is a foreign policy nightmare - if he didn't go and meet Putin (something every other normal politcal leader would be smart enough to not do and would choose to stay nuetral)

You would have have gotten the Russian oil, wheat every goddamn Russian thing out there without breaking neutrality(which by meeting Putin than he kinda did)
There was no war.
Western media makes you forget doesn't it...well kinda
 

Jinn Baba

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IK is a foreign policy nightmare - if he didn't go and meet Putin (something every other normal politcal leader would be smart enough to not do and would choose to stay nuetral)

You would have have gotten the Russian oil, wheat every goddamn Russian thing out there without breaking neutrality(which by meeting Putin than he kinda did)

Can't blame IK for that. Most of us on this forum thought it was a good move, and I doubt IK did that without the Foreign Office or establishment agreeing to the visit.
 

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