UAE halts sales of Naphtha from Pakistan after getting cosy with India

[Trisonics]

• usiness
• Khawaja Daud
• September 1, 2015 3:36 pm

ISLAMABAD (Staff Report) – The United Arab Emirates (UAE) has stopped purchasing Petroleum Naphtha from Pakistan after a $80 billion deal with India, Trade Minister Khurram Dastagir has confirmed.

UAE and India have recently spread their tie-up in the energy sector as well as the petroleum sector.

“It has resulted in decline of exports and increase in trade deficit. However, we are exporting several other items to UAE,” the minister told the Pakistani media on Tuesday.

According to the ministry, petroleum group and coal had a share of 1.8 per cent in exports in July, with a total of three billion rupees.

Last year, Pakistan exported 3490 metric ton petroleum crude worth 320 million while 9425 MT Excel Top Naphtha was exported for Rs920m and 9900 MT Petroleum Top Naphtha for Rs970m.

During the first month of this fiscal, Petroleum Crude of more than Rs2 billion was exported to UAE but only 7117 MT Excel Top Naphtha worth Rs580m could be exported due to 36 per cent decline in exports.

The export of Top Naphtha has reduced to absolutely zero.
UAE halts sales of Naphtha from Pakistan after getting cosy with India - Daily Pakistan Global

 

[Sankpal]

• usiness
• Khawaja Daud
• September 1, 2015 3:36 pm

ISLAMABAD (Staff Report) – The United Arab Emirates (UAE) has stopped purchasing Petroleum Naphtha from Pakistan after a $80 billion deal with India, Trade Minister Khurram Dastagir has confirmed.

UAE and India have recently spread their tie-up in the energy sector as well as the petroleum sector.

“It has resulted in decline of exports and increase in trade deficit. However, we are exporting several other items to UAE,” the minister told the Pakistani media on Tuesday.

According to the ministry, petroleum group and coal had a share of 1.8 per cent in exports in July, with a total of three billion rupees.

Last year, Pakistan exported 3490 metric ton petroleum crude worth 320 million while 9425 MT Excel Top Naphtha was exported for Rs920m and 9900 MT Petroleum Top Naphtha for Rs970m.

During the first month of this fiscal, Petroleum Crude of more than Rs2 billion was exported to UAE but only 7117 MT Excel Top Naphtha worth Rs580m could be exported due to 36 per cent decline in exports.

The export of Top Naphtha has reduced to absolutely zero.
UAE halts sales of Naphtha from Pakistan after getting cosy with India - Daily Pakistan Global

means....... truely business

 

[fenku]

Nice....

 

[Star Wars]

The export of Top Naphtha has reduced to absolutely zero.

Evil Mudi

 

[ArsalanKhan21]

The Shamsi Airbase leased to the UAE in Balochistan is now a risk. When is Pakistan planning to cancel the lease and take control of the base ?

Shamsi Airfield - Wikipedia, the free encyclopedia

 

[SURYA-1]

Someone's loss is someone else's gain. And who would be that gainer ??

@magudi @Makaramarma You won't like to miss it.

The Shamsi Airbase leased to the UAE in Balochistan is now a risk. When is Pakistan planning to cancel the lease and take control of the base ?

Shamsi Airfield - Wikipedia, the free encyclopedia

They are paying for that or would have paid already in advance. They will dragg to International court of Justice or may be they have many more pressure point. So act wisely.

 

[ArsalanKhan21]

They are paying for that or would have paid already in advance. They will dragg to International court of Justice or may be they have many more pressure point. So act wisely.

There is always a clause in the lease agreement where one party can cancel the lease with an advance notice.

 

[Viny]

This is false propoganda by Indian Media.
A direct message from King has been sent to Pakistan exposing Indian Conspiracy, under which UAE have denied to participate in and thus UAE stands with Pakistan and will not support India ill adventures.

 

[Makaramarma]

Evil Modi at it again ............ expect more Rants from pakstanis about him being a mass murdere and terrorist

But worry not, ........... jiske pas Bum hai ... woh Ghass kayege

 

[Jaam92]

Well this is not good news for Pakistan
But we have back door option
UAE will start again with more profit then now Mark my words

 

[SpArK]

@SURYA-1

The culprit is found.

 

[SURYA-1]

There is always a clause in lease agreement where one party can cancel the lease with an advance notice.

But Iran dragged Russia to Hauge over S-300 . I guess Russia would have missed to add that clause.

 

[Star Wars]

Hmm, Is Modi seriously trying to cripple Pakistan economy by reducing its exports ? IF so, we will see more of these in the future...

 

[ravindra1455]

There is always a clause in lease agreement where one party can cancel the lease with an advance notice.

u can not do that without any significant reason.

 

[Indus Pakistan]

Great news. I am not denying there are no benefits in our relationship with UAE but too many of our people have too much of high regard for UAE. This is disproportionate to the benefits that accrue to Pakistan.

These things will help to shake our people to get reality check.