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Pakistan-Russia oil deal soon, says Dar

HAIDER

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Pakistan-Russia oil deal soon, says Dar

NNI Published November 14, 2022 Updated about 13 hours ago
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ISLAMABAD: Finance Minister Ishaq Dar has listed the coalition government’s feats in resolving the oil-related issues to cope with the challenges the country has been facing.
Addressing the Pakistan Muslim League-Nawaz workers in Dubai, he said during his visit to the US last month, he met the figures and took up the issue of oil purchase from Russia.
He said he told the American authorities that Washington could not refrain from buying the commodity from Russia because neighbouring India has also been doing the same.
The US officials said they are set to build a G7 platform to fix the Russian oil purchase rate, he added. The finance minister said it will soon be possible to buy oil from Russia under the terms set by Delhi.
Pakistan keen on purchasing Russian oil, says Ishaq Dar
He said Pakistan has strong ties with Saudi Arabia, China and UAE and during this visit, he had important meetings with UAE officials. Prime Minister Shehbaz Sharif’s visit to Saudi Arabia, will bear fruit soon.
Ishaq Dar told the workers that the overall result of the meetings is that Saudi Arabia will set up a refinery in Gwadar in Pakistan.
This project was started in October 2015, but due to the political crisis, it hit snags, the minister recalled, adding that this is all set to resume now.


Most important, the US will approve the buying rate after getting US permission for oil import.

May be one of the reasons MBS cancels his visit to Pakistan. The US now using Pakistan against Saudi...lolzzz
 
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Finer

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It wasn't issue of Pakistan dealing business with Russia but it was the manner that Khan jumped on the given opportunity at the wrong time such as a trip to Russia after Ukraine was attacked. Clueless khan made General Bajwa ate his words and poor General Bajwa, pressurized to economic sanction, had to retract some steps back.

Good thing that General Bajwa is retiring soon but bringing back Imran Khan is not the answer and not after what Khan has proven to be lately - a clueless khan who can be danger to his own and the nation.

We need new leader from the diverse background in economical field to stabilize the economy at these tested times. Hope new General plans for the future and discards the current options that aren't fit to lead.
 

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US can’t stop Pakistan from buying Russian oil: Dar​

Minister hints at striking deal with Moscow on terms similar to those of India

finance minister ishaq dar photo file screengrab

Finance Minister Ishaq Dar. Photo: File/SCREENGRAB

ISLAMABAD:
Finance Minister Ishaq Dar indicated on Sunday Pakistan overcame the United States’ opposition to the purchase of Russian oil and stressed that Islamabad intended to enter into the fuel import deal with Moscow on terms similar to those agreed by New Delhi.
According to a message received here, the country’s financial czar, while addressing the Pakistan Muslim League-Nawaz (PML-N) workers in Dubai, said that the US had been told that Pakistan could purchase Russian oil because its neighbour India was doing the same.


“We told the American [State Department] officials that America cannot stop us from buying oil from Russia because our neighbouring country India is also buying oil from Russia,” The finance minister told the gathering, while referring to his visit to the US last month.
The minister added that it was decided in the meeting that Pakistan could buy oil from Russia. “The US officials said they are forming a G-7 platform that will determine the price of buying oil from Russia and that no one should buy oil from Russia at a higher price.”
Dar also said that the ministry would try to purchase oil from Russia on terms similar to those agreed by India. “In the next few months, you will see that the government will take important steps in favour of Pakistan in this regard,” added the finance minister.
Dar said that that Pakistan had financial dealings with Saudi Arabia, China, and the United Arab Emirates (UAE). He added that he had held important meetings with the UAE authorities, while the prime minister also held meetings with the Saudi authorities during his recent visit. “From these meetings, you will see that there will be further improvement for Pakistan.”
The minister told the PML-N workers that Saudi Arabia would set up a refinery in Gwadar with an investment of around $11 or 12 billion. He added that the project was initiated in October 2015 but was delayed because of political crisis and change of government in Pakistan. “Now it has been decided to establish the refinery,” he said.
The minister criticised the previous Pakistan Tehreek-e-Insaf (PTI) government for “sinking Pakistan’s economy” during its nearly four-year tenure. The economy, he continued, faced a negative impact when the dollar spiralled due to the government’s decision to move to a market-based exchange rate.
However, he assured that the government would maintain between prices of the dollar and the rupee. “We will try to depreciate dollar below Rs200. Our government is determined to improve rupee’s value against the dollar,” he said, adding that the government was implementing reforms to bring the economy back on its feet.
“We will complete the IMF [International Monetary Fund] programme. Around $32 to 34 billion are required for the current financial year. We hope to collect the amount,” Dar said speaking about the funds to be received from the global financial institution.
 

HAIDER

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US can’t stop Pakistan from buying Russian oil: Dar​

Minister hints at striking deal with Moscow on terms similar to those of India

finance minister ishaq dar photo file screengrab

Finance Minister Ishaq Dar. Photo: File/SCREENGRAB

ISLAMABAD:
Finance Minister Ishaq Dar indicated on Sunday Pakistan overcame the United States’ opposition to the purchase of Russian oil and stressed that Islamabad intended to enter into the fuel import deal with Moscow on terms similar to those agreed by New Delhi.
According to a message received here, the country’s financial czar, while addressing the Pakistan Muslim League-Nawaz (PML-N) workers in Dubai, said that the US had been told that Pakistan could purchase Russian oil because its neighbour India was doing the same.


“We told the American [State Department] officials that America cannot stop us from buying oil from Russia because our neighbouring country India is also buying oil from Russia,” The finance minister told the gathering, while referring to his visit to the US last month.
The minister added that it was decided in the meeting that Pakistan could buy oil from Russia. “The US officials said they are forming a G-7 platform that will determine the price of buying oil from Russia and that no one should buy oil from Russia at a higher price.”
Dar also said that the ministry would try to purchase oil from Russia on terms similar to those agreed by India. “In the next few months, you will see that the government will take important steps in favour of Pakistan in this regard,” added the finance minister.
Dar said that that Pakistan had financial dealings with Saudi Arabia, China, and the United Arab Emirates (UAE). He added that he had held important meetings with the UAE authorities, while the prime minister also held meetings with the Saudi authorities during his recent visit. “From these meetings, you will see that there will be further improvement for Pakistan.”
The minister told the PML-N workers that Saudi Arabia would set up a refinery in Gwadar with an investment of around $11 or 12 billion. He added that the project was initiated in October 2015 but was delayed because of political crisis and change of government in Pakistan. “Now it has been decided to establish the refinery,” he said.
The minister criticised the previous Pakistan Tehreek-e-Insaf (PTI) government for “sinking Pakistan’s economy” during its nearly four-year tenure. The economy, he continued, faced a negative impact when the dollar spiralled due to the government’s decision to move to a market-based exchange rate.
However, he assured that the government would maintain between prices of the dollar and the rupee. “We will try to depreciate dollar below Rs200. Our government is determined to improve rupee’s value against the dollar,” he said, adding that the government was implementing reforms to bring the economy back on its feet.
“We will complete the IMF [International Monetary Fund] programme. Around $32 to 34 billion are required for the current financial year. We hope to collect the amount,” Dar said speaking about the funds to be received from the global financial institution.
But real deal is US approval, payment and rate set by US. Check Dar detail interview.
 

Ssan

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Patwaris are brain-dead. Dar says on thing, they headline it as something else.
Khan says one thing, they headline it completely differently too.
Meanwhile, the steal charity disaster relief money.
 

aviator_fan

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It wasn't issue of Pakistan dealing business with Russia but it was the manner that Khan jumped on the given opportunity at the wrong time such as a trip to Russia after Ukraine was attacked. Clueless khan made General Bajwa ate his words and poor General Bajwa, pressurized to economic sanction, had to retract some steps back.

Good thing that General Bajwa is retiring soon but bringing back Imran Khan is not the answer and not after what Khan has proven to be lately - a clueless khan who can be danger to his own and the nation.

We need new leader from the diverse background in economical field to stabilize the economy at these tested times. Hope new General plans for the future and discards the current options that aren't fit to lead.
Since then Turkish President, French President, UAE Leader have all gone. Going to Moscow is not an outlier. On the day he went, nobody clued him on the invasion.

He is a new leader and doesn't belong the clans (trio of Army, Bhutto, Sharif) that Pakistan has been ruled my entire life. And more importantly if he goes tomorrow, the rest of his PTI leadership are all diverse compared to what we have been used to.
 

Ahmadbhutta01

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Bjang

US can’t stop Pakistan from buying Russian oil: Dar​

Minister hints at striking deal with Moscow on terms similar to those of India

finance minister ishaq dar photo file screengrab

Finance Minister Ishaq Dar. Photo: File/SCREENGRAB

ISLAMABAD:
Finance Minister Ishaq Dar indicated on Sunday Pakistan overcame the United States’ opposition to the purchase of Russian oil and stressed that Islamabad intended to enter into the fuel import deal with Moscow on terms similar to those agreed by New Delhi.
According to a message received here, the country’s financial czar, while addressing the Pakistan Muslim League-Nawaz (PML-N) workers in Dubai, said that the US had been told that Pakistan could purchase Russian oil because its neighbour India was doing the same.


“We told the American [State Department] officials that America cannot stop us from buying oil from Russia because our neighbouring country India is also buying oil from Russia,” The finance minister told the gathering, while referring to his visit to the US last month.
The minister added that it was decided in the meeting that Pakistan could buy oil from Russia. “The US officials said they are forming a G-7 platform that will determine the price of buying oil from Russia and that no one should buy oil from Russia at a higher price.”
Dar also said that the ministry would try to purchase oil from Russia on terms similar to those agreed by India. “In the next few months, you will see that the government will take important steps in favour of Pakistan in this regard,” added the finance minister.
Dar said that that Pakistan had financial dealings with Saudi Arabia, China, and the United Arab Emirates (UAE). He added that he had held important meetings with the UAE authorities, while the prime minister also held meetings with the Saudi authorities during his recent visit. “From these meetings, you will see that there will be further improvement for Pakistan.”
The minister told the PML-N workers that Saudi Arabia would set up a refinery in Gwadar with an investment of around $11 or 12 billion. He added that the project was initiated in October 2015 but was delayed because of political crisis and change of government in Pakistan. “Now it has been decided to establish the refinery,” he said.
The minister criticised the previous Pakistan Tehreek-e-Insaf (PTI) government for “sinking Pakistan’s economy” during its nearly four-year tenure. The economy, he continued, faced a negative impact when the dollar spiralled due to the government’s decision to move to a market-based exchange rate.
However, he assured that the government would maintain between prices of the dollar and the rupee. “We will try to depreciate dollar below Rs200. Our government is determined to improve rupee’s value against the dollar,” he said, adding that the government was implementing reforms to bring the economy back on its feet.
“We will complete the IMF [International Monetary Fund] programme. Around $32 to 34 billion are required for the current financial year. We hope to collect the amount,” Dar said speaking about the funds to be received from the global financial institution.
Bhang pee hai? Don't u rem what Shahbaz Shareef said we won't buy oil america naraaz hojaega . Phir khawaja Asif bay mazak uraya tha k Pak refinery cannot process Russian oil sab bhool gae ?
 

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