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- Embassy says consultations on a second cargo underway.
- This marks Islamabad’s second main Russian power buy.
- Discounted imports from Russia provide a respite to Pakistan.
Pakistan has acquired its first cargo of liquified petroleum gasoline from Russia, Moscow’s embassy in Islamabad stated on Tuesday, marking Islamabad’s second main Russian power buy.
The cargo, which the embassy stated was delivered with Iranian assist, comes after Pakistan acquired its first-ever supply of Russian crude below a deal struck between the 2 international locations earlier this 12 months.
Russia delivered 100,000 metric tonnes to Pakistan by means of Iran’s Sarakhs Particular Financial Zone, the Russian embassy stated in a publish on social media.
The embassy stated consultations on a second cargo have been underway. It didn’t present particulars on Iran’s involvement, and it was not instantly clear how a lot the LPG price or if it was discounted.
Pakistan has stated it had paid for the Russian crude in Chinese language foreign money however the worth of the deal was by no means disclosed.
Power imports make up the vast majority of Pakistan’s exterior funds and discounted imports from Russia provide a respite as Islamabad faces an financial disaster with an acute stability of funds drawback, risking a default on its exterior debt.
