Business

A Pakistani delegation arrives in Russia to purchase oil at a reduced price

A Pakistani delegation arrives in Russia to purchase oil at a reduced price

On Tuesday, a group from the Pakistani government and businesspeople arrived in Russia to buy oil at a lower price.

Irfan Iqbal, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), will lead a team to the Saint Petersburg World Economic Summit, which will be attended by Russian President Vladimir Putin.

According to media sources, the delegation apparently includes three to four representatives from the Pakistani government.

Advertisement

According to sources, the group would try to negotiate lower prices for Russian crude oil for private enterprises, similar to what was provided to the previous government of former Prime Minister Imran Khan.

The Chairman of the Pakistan Tehreek-e-Insaf (PTI) has stated on multiple occasions that his government planned to purchase Russian crude oil at a 30% discount before being deposed by a “foreign-funded” conspiracy.

Imran Khan stated in a speech to party workers in KP House, Islamabad, on Tuesday that the present administration, which claimed to be fighting inflation, had raised oil prices by Rs. 60 per litre and power tariffs by Rs. 10 per unit within just two months of taking office.

He claimed that they could lower inflation by buying inexpensive oil from Russia, but that they would not do so because it would anger their “masters” in the United States.

RELATED: How to Apply for Sasta Petrol Scheme – Step by Step Guide

Read more on Latest Pakistan News on Pakistanlounge.pk

 

Click to add a comment

Leave a Reply

Your email address will not be published.

Business

Ahmed Khan is a Senior Editor at Pakistan Lounge and joined in July 2021. Formerly News Editor at a Local News website

More in Business

AED to PKR

AED to PKR – UAE Dirham to PKR Rates Today in Pakistan | 25 June 2022

Ali ShanJune 25, 2022
SAR to PKR

SAR to PKR – Saudi Riyal to PKR Rates Today in Pakistan | 25 June 2022

Ali ShanJune 25, 2022
Today Gold Rate

Today Gold Rate in Pakistan | 25 June 2022

Ali ShanJune 25, 2022
What is super tax

What is super tax and which sectors will be impacted by it?

Web DeskJune 25, 2022
Rs 75 note

FACT CHECK: SBP has not released any design for Rs 75 note

Sibtain AliJune 25, 2022
Salary tax calculator:

Salary tax calculator: How much tax will be imposed on your salary?

Sibtain AliJune 25, 2022
Flour Prices in Karachi

Flour Prices in Karachi Increase by Rs. 200 in One Week

Sibtain AliJune 25, 2022

Revised Tax Slabs for Salaried Class 2022 – Tax Increased Drastically

Sibtain AliJune 25, 2022
$2.3bn from China

Pakistan receives $2.3bn from China, Miftah Ismail

Sibtain AliJune 24, 2022

Pakistan lounge is Pakistan’s premiere magazine for news in politics, technology, entertainment, health and fashion etc.

Copyright © 2022 Pakistan Lounge