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Ready to buy Russian oil at same rate India is purchasing: Ishaq Dar

Sep 26, 2018
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  • Ishaq Dar hopes West would have no objection.
  • Says 10 months enough for govt to restore political prestige.
  • Optimistic on Pakistan's exit from FATF grey list.
WASHINGTON: Finance Minister Ishaq Dar has shown an indication to buy Russian oil but on the condition that it provides the important commodity at the same rate that it is giving it to India, reported The News.

While replying to a question in Washington, Dar hoped that the West would have no objection to the import of Russian oil at a discounted rate due to Pakistan’s financial hardship triggered by the recent catastrophic floods.

On the length of the incumbent government, the finance minister said that the coalition government in the Centre have enough time to return to the political front.

“10 months are enough for the government to restore its political prestige and win popularity. We were to select one thing among the two: either to save our politics or the state. We opted for the second,” he said while commenting on the by-polls results.

To a question about US President Biden’s statement on Pakistan’s nuclear programme, he said Prime Minister Shehbaz Sharif had already said that a robust command and control system was in place in the country. The US authorities also acknowledge it often, he added.

On the recent Financial Action Task Force’s (FATF) recent meeting, Dar is optimistic that Pakistan would get out of the watchdog’s grey list. A meeting is expected in a few days and the government is hopeful that the country would come out of the FATF grey list, he said.

The finance minister was in Washington on a four-day visit where he met IMF, World Bank officials and others.
 

Wood

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PDM has made it clear multiple on multiple occasions that Pakistan is open for business with Russia. There is no room for any speculation that Pakistan turned away from saving $ through oil trade with Russia and somehow PDM sabotaged this attempt on American behest. :coffee:
 

Indos

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The large 20-30 % discount is just offered in the beginning of war, currently Russian oil and gas price is already in high demand and the price has gone up. This is why even Indonesian state energy company doesnt buy Russian oil. Oil from Malaysia for instant can be cheaper for Indonesia because the distance factor and refined oil from Singapore can also be cheaper for us due to the same reason.
 

_Nabil_

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View attachment 887616
  • Ishaq Dar hopes West would have no objection.
  • Says 10 months enough for govt to restore political prestige.
  • Optimistic on Pakistan's exit from FATF grey list.
WASHINGTON: Finance Minister Ishaq Dar has shown an indication to buy Russian oil but on the condition that it provides the important commodity at the same rate that it is giving it to India, reported The News.

While replying to a question in Washington, Dar hoped that the West would have no objection to the import of Russian oil at a discounted rate due to Pakistan’s financial hardship triggered by the recent catastrophic floods.

On the length of the incumbent government, the finance minister said that the coalition government in the Centre have enough time to return to the political front.

“10 months are enough for the government to restore its political prestige and win popularity. We were to select one thing among the two: either to save our politics or the state. We opted for the second,” he said while commenting on the by-polls results.

To a question about US President Biden’s statement on Pakistan’s nuclear programme, he said Prime Minister Shehbaz Sharif had already said that a robust command and control system was in place in the country. The US authorities also acknowledge it often, he added.

On the recent Financial Action Task Force’s (FATF) recent meeting, Dar is optimistic that Pakistan would get out of the watchdog’s grey list. A meeting is expected in a few days and the government is hopeful that the country would come out of the FATF grey list, he said.

The finance minister was in Washington on a four-day visit where he met IMF, World Bank officials and others.
The train has left the station and your imported government still snoring in its sleep 😪💤
 

-blitzkrieg-

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PDM has made it clear multiple on multiple occasions that Pakistan is open for business with Russia. There is no room for any speculation that Pakistan turned away from saving $ through oil trade with Russia and somehow PDM sabotaged this attempt on American behest. :coffee:
He knows he can't get that deal now. That's why he played fluke.
 
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TheDarkKnight

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PDM has made it clear multiple on multiple occasions that Pakistan is open for business with Russia. There is no room for any speculation that Pakistan turned away from saving $ through oil trade with Russia and somehow PDM sabotaged this attempt on American behest. :coffee:
Weren’t you of the opinion that cheap Russian oil for Pakistan was a myth?

On topic, the issue is - why last 6 were months wasted and the livelihood of people crushed in this time?
 

Wood

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Weren’t you of the opinion that cheap Russian oil for Pakistan was a myth?
I still do. I also maintain that any $ saved from unlikely Russian oil will not be sufficient to cover subsidies on fuel.

This statement from Mr. Dar has the same effect as that from the previous administration. It is a show of intent. :cheers:
 

Turingsage

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The large 20-30 % discount is just offered in the beginning of war, currently Russian oil and gas price is already in high demand and the price has gone up. This is why even Indonesian state energy company doesnt buy Russian oil. Oil from Malaysia for instant can be cheaper for Indonesia because the distance factor and refined oil from Singapore can also be cheaper for us due to the same reason.

Instead of telling WHOPPING lies try to give up your fantasies and digest the ACTUAL fact that India buys Russian oil at 30% LANDED below brent crude price
This is known to every tom dick and harry in the oil trade
 

Arsalan345

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Imran khan wanted the same but look what happened to him. It's a good decision by Government but they are copying Imran khan's tactics.
 

Jango

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Hold on to your buttocks for just a minute.

What happened to all the resident oil and gas experts such as Fools Nightmare, Umar Saif, those shill PML twitter accounts, jo oonchay oonchay naray martay thay that we cannot use Russian oil?

Which technological advancement came in the past 4 months that now we can use Russian oil?
 

insight-out

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At the same rate as India....hmm. Do we have the same volume as India? Has this guy ever heard of volume discounts or economies of scale? And he is our finance minister? Allah rehem kare.
 

SaadH

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"Beggars can't be choosers" - Dar's boss, the money launderer extra-ordinaire Shobaz Sharif...

Now go suck on some colonial master American balls...
 

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