Is Pakistan's stance on the Russia-Ukraine crisis hurting its image in the world community?

[MenInG]

Russian President Vladimir Putin has offered Pakistan wheat in addition to gas supplies keeping in view the damage to the country's breadbasket following catastrophic floods, said Defence Minister Khawaja Asif on Saturday.

Asif further said the Russian president has also invited the prime minister and the visit will take place.
Advertisement

“They have said that they can give us gas. Russia said that they have gas pipelines in Central Asian countries and the pipelines could be extended to Pakistan via Afghanistan. These talks have taken place."

The defence minister also said that Russia has appreciated Pakistan's stance on the ongoing conflict in Ukraine.

He further said that Prime Minister Shehbaz Sharif will undertake his maiden visit to China at the invitation of Chinese President Xi Jinping during the first week of November.

The defence minister said President Xi extended the invitation during a meeting between the two leaders in Samarkand, Uzbekistan on the sidelines of the Shanghai Cooperation Organisation (SCO) summit.

Asif added that the prime minister’s meeting with the Chinese president was extremely successful. He said President Xi expressed his commitment to take forward the China-Pakistan Economic Corridor (CPEC) project and also described Pakistan as an “all-weather strategic friend”.

Asif concluded by saying that all SCO members have expressed willingness to support Pakistan as it suffers from devastating floods.

The development comes at a time when efforts are underway to reset the troubled relationship between Pakistan and the US.

A senior adviser of the US secretary of state recently visited Islamabad, while the US President Joe Biden Administration approved $450 million sale of the F-16 equipment in a sign that Washington wants to maintain a working relationship with Islamabad.

In the middle of all this, Shehbaz’s meeting with Russian President Vladimir Putin on Thursday and Chinese President Xi Jinping on Friday are significant and show that Pakistan is trying to maintain a delicate balance in its ties with big powers.

The transcript released by Putin’s office after meeting Shehbaz suggested Russian eagerness to deepen ties with Pakistan. At the same time, President Xi in his maiden meeting with Shehbaz termed the Pakistani prime minister “a person of pragmatism and efficiency.”

Shehbaz also heaped praise on Putin, calling Russia a “superpower” and its president a “man of words”. On his part, the Russian president began his meeting with Shehbaz by recalling his working relationship with his elder brother, Nawaz Sharif, when he was the prime minister.

Observers believe that Shehbaz’s flurry of meetings with Russian and Chinese presidents indicated that Pakistan’s policy, seeking diversification in the country’s foreign policy options, remains intact.

 

[Bewal Express]

Russian President Vladimir Putin has offered Pakistan wheat in addition to gas supplies keeping in view the damage to the country's breadbasket following catastrophic floods, said Defence Minister Khawaja Asif on Saturday.

Asif further said the Russian president has also invited the prime minister and the visit will take place.
Advertisement

“They have said that they can give us gas. Russia said that they have gas pipelines in Central Asian countries and the pipelines could be extended to Pakistan via Afghanistan. These talks have taken place."

The defence minister also said that Russia has appreciated Pakistan's stance on the ongoing conflict in Ukraine.

He further said that Prime Minister Shehbaz Sharif will undertake his maiden visit to China at the invitation of Chinese President Xi Jinping during the first week of November.

The defence minister said President Xi extended the invitation during a meeting between the two leaders in Samarkand, Uzbekistan on the sidelines of the Shanghai Cooperation Organisation (SCO) summit.

Asif added that the prime minister’s meeting with the Chinese president was extremely successful. He said President Xi expressed his commitment to take forward the China-Pakistan Economic Corridor (CPEC) project and also described Pakistan as an “all-weather strategic friend”.

Asif concluded by saying that all SCO members have expressed willingness to support Pakistan as it suffers from devastating floods.

The development comes at a time when efforts are underway to reset the troubled relationship between Pakistan and the US.

A senior adviser of the US secretary of state recently visited Islamabad, while the US President Joe Biden Administration approved $450 million sale of the F-16 equipment in a sign that Washington wants to maintain a working relationship with Islamabad.

In the middle of all this, Shehbaz’s meeting with Russian President Vladimir Putin on Thursday and Chinese President Xi Jinping on Friday are significant and show that Pakistan is trying to maintain a delicate balance in its ties with big powers.

The transcript released by Putin’s office after meeting Shehbaz suggested Russian eagerness to deepen ties with Pakistan. At the same time, President Xi in his maiden meeting with Shehbaz termed the Pakistani prime minister “a person of pragmatism and efficiency.”

Shehbaz also heaped praise on Putin, calling Russia a “superpower” and its president a “man of words”. On his part, the Russian president began his meeting with Shehbaz by recalling his working relationship with his elder brother, Nawaz Sharif, when he was the prime minister.

Observers believe that Shehbaz’s flurry of meetings with Russian and Chinese presidents indicated that Pakistan’s policy, seeking diversification in the country’s foreign policy options, remains intact.

So Putin is offering gas at a discount like he did when IK was in power. [MENTION=135038]Major[/MENTION] you said IK was lying when he said he could get cheap oil and Gas.

 

[MenInG]

Pakistan can import oil from Russia on deferred payment as both countries are in talks to discuss the possibility, a senior government functionary revealed on Sunday after the recent meeting between Prime Minister Shehbaz Sharif and Russian President Vladimir Putin on the sidelines of Shanghai Cooperation Organisation (SCO) in Samarkand.

The official, who was part of the prime minister’s delegation, told The Express Tribune that PM Shehbaz at least held three meetings with President Putin. "One was formal and the rest were informal," the official, who requested anonymity because of the sensitivity of the issue, added.

The official, when asked, rejected claims of the previous government if there was any proposal on the table for importing oil from Russia on discounted rate.

"What we have discussed during the recent interaction with the Russian side is the possibility of importing oil on deferred payment," the official said.

Russia has shown inclination to consider the proposal, the official said.

If the proposal is meterlised it will be a landmark development given that Pakistan imports oil from Gulf countries and in the past Saudi Arabia and UAE supplied Pakistan oil on deferred payment.

Also read: Shehbaz accepts invite for Moscow, Beijing visits

It is not clear if the government can pursue the option given the likely opposition from the United States.

A source in the foreign office disclosed that the US has never explicitly asked Pakistan not to import oil from Russia but "advised us that it is better if we don't enter into such venture with Russia".

Former prime minister Imran Khan has repeatedly accused the US for being behind his ouster in April. Imran said he was punished for pursuing an ‘independent foreign policy’ particularly for his efforts to deepen ties with Russia. The US has always denied meddling in the internal affairs of Pakistan.

The recent meeting between Shehbaz and Putin, according to observers, dispelled such conspiracy theories.

The transcript released by the Russia side after the meeting between Shehbaz and Putin did not drop any hint if Moscow was not willing to work with the new government often labelled as the US "puppet" by Imran and his supporters.

Putin while stressing that Russia viewed Pakistan as priority in Southeast Asia and Asia overall had invited Prime Minister Shehbaz to visit Moscow.

The Russian strongman sought progress on Pakistan Steam Gas Pipeline as well as making offer to supply Pakistan gas through pipeline. The steam gas pipeline project, in limbo since 2015, will supply LNG from Port Qasim in Karachi to Punjab. The pipeline will be laid by Russian company but the work on the project is yet to kick off because of likely US sanctions.

Defense Minister Khawja Asif told a news conference on Saturday that Russia also offered supply of wheat to Pakistan in view of the potential shortage of food grain due to the devastating floods that have caused massive damage to the crops.

Initial estimates suggest that agriculture growth in Pakistan may contract for the first time in more than two decades. The standing waters in Sindh may delay the sowing of wheat this season triggering the shortage. Russia is one of the largest exporters of wheat.

This all happens at a time when there are efforts underway to reset the troubled relationship between Pakistan and the US. A senior adviser of the US Secretary of State recently visited Islamabad while the Biden Administration approved $450 million sale of F-16 equipment in a sign that Washington wants to maintain a working relationship with Islamabad.

Prime Minister Shehbaz, who is visiting New York for the UN General Assembly session, is expected to meet the senior Biden administration officials in the next few days.

Express Tribune

 

[Major]

So Putin is offering gas at a discount like he did when IK was in power. [MENTION=135038]Major[/MENTION] you said IK was lying when he said he could get cheap oil and Gas.

Russia told imran to get lost.

Rememeber, Imran never made a statement in russia, he came back to pakistan and made a statement about the so called gas. Thats when the Russian embassey denied this.

SHebaz atleast mentioned the deal while being gin Russia.

 

[Bewal Express]

Russia told imran to get lost.

Rememeber, Imran never made a statement in russia, he came back to pakistan and made a statement about the so called gas. Thats when the Russian embassey denied this.

SHebaz atleast mentioned the deal while being gin Russia.

Rubbish and thats why you guys have destroyed the economy. Ind took the offer and Inflation is around 7%, while your clowns had to repay their masters and didnt take up the offer-inflation running at 42%. Has there ever been a bigger set of destructive clowns to run any economy. And this is just in 5 months.

 

[Major]

Rubbish and thats why you guys have destroyed the economy. Ind took the offer and Inflation is around 7%, while your clowns had to repay their masters and didnt take up the offer-inflation running at 42%. Has there ever been a bigger set of destructive clowns to run any economy. And this is just in 5 months.

what rubbish? the news is there, the press conferrences and retorts are also there to see.

 

[MenInG]

Prime Minister Shehbaz Sharif has said that Pakistan might have to import about a million tons of wheat because of the destruction of farmland due to flooding.

“It can come from Russia, but the country is open to other offers,” he said in a wide-ranging interview with a foreign news agency.
Advertisement

“The country also needs fertilizer because factories involved in their production are closed,” he added.

Flooding likely worsened by climate change has submerged one-third of Pakistan’s territory and left 33 million of its people scrambling to survive, according to the prime minister, who says he came to the United Nations this year to tell the world that “tomorrow, this tragedy can fall on some other country.”

Even before the floods began in mid-June, Pakistan was facing serious challenges from grain shortages and skyrocketing crude oil prices sparked mainly by Russia’s February 24 invasion of Ukraine and the war that has followed.

The prime minister said skyrocketing prices have put the import of oil “beyond our capacity”, and — with the damage and destruction from the massive flooding — solutions have become “extremely difficult”.

One dimension of grain purchases taps into one of Pakistan’s most existential issues — its relationship with neighboring India.

When asked about the possibility of buying grain from India if needed, the prime minister said that the notion is impeded by “a legal bottleneck” — Kashmir.
“India is a neighbour, and Pakistan would very much like to live like a peaceful neighbour with India,” the prime minister said.

“But that has certain prerequisites. India has to understand that unless and until the burning issue of Kashmir is resolved through peaceful talks ... like peaceful neighbors, with the sincerity of purpose, we will not be able to live in peace.”

“And that is a great shame and embarrassment,” he said. “Because in this day and age, we need our resources to feed our people, to educate them, to provide job opportunities, to provide health opportunities. India can’t afford to spend money on buying ammunition and defense equipment. Nor can Pakistan.”

Touching the issue of transparency in flood relief aid, the prime minister said the country has “a very robust, transparent mechanism already in place” to ensure that all aid items are delivered to people in need.

In addition, he said, “I will ensure third-party audit of every penny through international well-reputed companies.”

He said he met top officials from the International Monetary Fund and World Bank and appealed for a moratorium on loan repayments and deferment of other conditions until the flood situation improves.

“They sounded very supportive,” Sharif said, but he stressed that a delay “can spell huge consequences” — both for the economy and for the Pakistani people.

Express Tribune

 

[daytrader]

India gives in, Pakistan maintains ‘neutrality’ on Russia
Pakistan abstains from voting on a motion to reject Russian demand for a secret ballot in UNGA on Ukraine annexation

ISLAMABAD:
Pakistan abstained from voting on a motion to reject Russian demand for a secret ballot in the UN General Assembly on the resolution to condemn Moscow’s ‘illegal’ annexation of four regions of Ukraine.

India, however, in a major shift in its policy surprisingly succumbed to the pressure from the West especially the US to vote against Russia, held on late Monday night at UN headquarters in New York.

The move by Islamabad to abstain from voting on a procedural matter suggested that it would maintain its stance when the actual resolution condemning Russian annexation of Ukrainian territory would be tabled before the UNGA either on Wednesday or Thursday.

The United Nations General Assembly voted on Monday to reject Russia's call for the 193-member body to hold a secret ballot later this week on whether to condemn Moscow's move to annex four partially occupied regions in Ukraine, according to Reuters.

The General Assembly decided, with 107 votes in favour, that it would hold a public vote – not a secret ballot – on a draft resolution that condemns Russia's "illegal so-called referenda" and the "attempted illegal annexation". Diplomats said the vote on the resolution would likely be held on Wednesday or Thursday.

Only 13 countries on Monday opposed holding a public vote on the draft resolution, another 39 countries abstained and the remaining countries – including Russia and China – did not vote.

Russia had argued that Western lobbying meant that "it may be very difficult if positions are expressed publicly." During the meeting on Monday Russia's UN Ambassador Vassily Nebenzia questioned the push to condemn Moscow.

Pakistan was approached by the US and other European countries to vote in favour of the resolution as it has maintained a delicate balance since the eruption of Russia-Ukrainian conflict.

In March, Pakistan joined India, China and other countries to abstain from the voting on a resolution condemning the Russian invasion of Ukraine.

The move drew a strong reaction from the US and its western allies and both Pakistan and India came under tremendous pressure to shed neutrality. New Delhi’s move to reject Russia's demand for a secret ballot on the resolution suggested that it finally decided to side with the West.

Meanwhile, despite Pakistan’s recent flurry of engagements with the US and European countries, it is still trying to maintain neutrality.

The US and its allies believe that maintaining neutrality on the issue of Russian invasion of Ukraine is tantamount to supporting Moscow.

Express Tribune

 

[daytrader]

Russian oil only on favourable terms: Dar
Minister shrugs off concerns over external financing needs in FY23

ISLAMABAD:
Pakistan has informed the US about its decision to buy oil from Russia but only at terms that are favourable than offered to its arch-rival India, said Finance Minister Ishaq Dar on Wednesday.

Dar, in his first public event after returning from Washington, also ruled out seeking any relief from the International Monetary Fund and “begging” from other countries for aid for the flood victims. But he assured the markets that there was no need to panic and foreign exchange reserves will soon be up.

“The government has been actively pursuing the policy of purchasing cheaper oil from Russia and I have sounded the Americans about our decision during a meeting with the US officials,” sad Dar while speaking to media after the All Pakistan Chartered Accountants Conference 2022. The conference was arranged by the Institute of Chartered Accounts of Pakistan.

The minister informed the US about Pakistan’s decision during a meeting with Ramin Toloui, the Assistant Secretary for the Bureau of Economic and Business Affairs and Donald Lu, Assistant Secretary for South and Central Asia Bureau of the State Department.

The statement is in line with Pakistan’s open support for Saudi Arabia’s decision to cut oil production, although the 2% reduction in the crude oil output could spike the oil prices that in turn will hurt Pakistan’s weak external sector position.

The finance minister said that if India could benefit from buying the Russian oil, Pakistan might as well. “We will not ink a deal on terms that are worse than India’s,” said Dar.

India has emerged as Moscow's second-largest oil customer after China, which is now buying Russian oil at a significant discount.

Dar also said that Pakistan did not ask for any relief from the IMF during his last week visit to Washington, nor it has a plan to do so.

“The sovereign commitments must be honoured and there should not be a change of plan with the change of guard,” he added while referring to the ouster of Miftah Ismail. He said that Pakistan would complete the IMF programme by June next year.

Dar’s statement came amid international lenders’ push to Pakistan to implement the reform agenda agreed with the IMF and the World Bank in addition to let the rupee regime stay flexible.

The minister again maintained that the rupee was still undervalued and it would soon recover to below Rs200 per dollar, which is “its real value” under the inflation-adjusted formula. The minister charged that [some] banks started playing with the rupee again, abandoning their positive role in letting the rupee regain its lost value.

“I assure you that we have ample foreign exchange reserves and they will not pose a problem for the country,” he said.

“I want to give a message to the markets that there is no need to get nervous, we are back in business and we will arrange everything. Nothing is to worry as Pakistan will not default,” said Dar. “Things will improve.”

The minister said that the markets were panicked due to a drop in the foreign exchange reserves but added that there was no need to worry as the country had passed the phase of any possibility of default.

“Pakistan’s funding needs for the ongoing fiscal year stand at $32 billion to $34 billion, which can be achieved as we did in FY2016-17,” he said.

The finance minister said that he had shared a plan with Prime Minister Shehbaz Sharif about arranging the required financial resources.

The minister also confirmed that the World Bank-led Post Damage and Need Assessment report has initially estimated the flood losses to the tune of $32.4 billion. The Express Tribune had reported last week that the estimated amount would be over $32 billion, including $19 billion economic losses.

The minister said Pakistan would not be begging from any country for aid but it “would welcome the generous support of the world community”.

The minister reiterated that Pakistan will not approach the Paris Club for rescheduling of its loans. “I told the prime minister that this would not be the right thing, as it would not send a good signal. We should be able to deal with our liabilities and responsibilities without going to the Paris Club,” he said.

Dar also dismissed speculations that Pakistan would ask for an extension in the maturity date of the bond. The finance minister said that bonds of $1 billion were maturing in December.

Express Tribune

 

[Sidilicious]

Russian oil only on favourable terms: Dar
Minister shrugs off concerns over external financing needs in FY23

ISLAMABAD:
Pakistan has informed the US about its decision to buy oil from Russia but only at terms that are favourable than offered to its arch-rival India, said Finance Minister Ishaq Dar on Wednesday.

Dar, in his first public event after returning from Washington, also ruled out seeking any relief from the International Monetary Fund and “begging” from other countries for aid for the flood victims. But he assured the markets that there was no need to panic and foreign exchange reserves will soon be up.

“The government has been actively pursuing the policy of purchasing cheaper oil from Russia and I have sounded the Americans about our decision during a meeting with the US officials,” sad Dar while speaking to media after the All Pakistan Chartered Accountants Conference 2022. The conference was arranged by the Institute of Chartered Accounts of Pakistan.

The minister informed the US about Pakistan’s decision during a meeting with Ramin Toloui, the Assistant Secretary for the Bureau of Economic and Business Affairs and Donald Lu, Assistant Secretary for South and Central Asia Bureau of the State Department.

The statement is in line with Pakistan’s open support for Saudi Arabia’s decision to cut oil production, although the 2% reduction in the crude oil output could spike the oil prices that in turn will hurt Pakistan’s weak external sector position.

The finance minister said that if India could benefit from buying the Russian oil, Pakistan might as well. “We will not ink a deal on terms that are worse than India’s,” said Dar.

India has emerged as Moscow's second-largest oil customer after China, which is now buying Russian oil at a significant discount.

Dar also said that Pakistan did not ask for any relief from the IMF during his last week visit to Washington, nor it has a plan to do so.

“The sovereign commitments must be honoured and there should not be a change of plan with the change of guard,” he added while referring to the ouster of Miftah Ismail. He said that Pakistan would complete the IMF programme by June next year.

Dar’s statement came amid international lenders’ push to Pakistan to implement the reform agenda agreed with the IMF and the World Bank in addition to let the rupee regime stay flexible.

The minister again maintained that the rupee was still undervalued and it would soon recover to below Rs200 per dollar, which is “its real value” under the inflation-adjusted formula. The minister charged that [some] banks started playing with the rupee again, abandoning their positive role in letting the rupee regain its lost value.

“I assure you that we have ample foreign exchange reserves and they will not pose a problem for the country,” he said.

“I want to give a message to the markets that there is no need to get nervous, we are back in business and we will arrange everything. Nothing is to worry as Pakistan will not default,” said Dar. “Things will improve.”

The minister said that the markets were panicked due to a drop in the foreign exchange reserves but added that there was no need to worry as the country had passed the phase of any possibility of default.

“Pakistan’s funding needs for the ongoing fiscal year stand at $32 billion to $34 billion, which can be achieved as we did in FY2016-17,” he said.

The finance minister said that he had shared a plan with Prime Minister Shehbaz Sharif about arranging the required financial resources.

The minister also confirmed that the World Bank-led Post Damage and Need Assessment report has initially estimated the flood losses to the tune of $32.4 billion. The Express Tribune had reported last week that the estimated amount would be over $32 billion, including $19 billion economic losses.

The minister said Pakistan would not be begging from any country for aid but it “would welcome the generous support of the world community”.

The minister reiterated that Pakistan will not approach the Paris Club for rescheduling of its loans. “I told the prime minister that this would not be the right thing, as it would not send a good signal. We should be able to deal with our liabilities and responsibilities without going to the Paris Club,” he said.

Dar also dismissed speculations that Pakistan would ask for an extension in the maturity date of the bond. The finance minister said that bonds of $1 billion were maturing in December.

Express Tribune

Couple of things
1. Why would you support decreasing oil production by 2%? This is clearly going to hurt you
2. Your terms do not need to be more favourable than India’s. Just favourable enough that it’s worth the risk of doing business with India.

 

[daytrader]

300,000-tonne wheat to be imported from Russia
The ECC of the Cabinet approved import of 300,000 tonnes of wheat from Russia on the government-to-government deal at a cost of $372 per tonne

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Monday approved import of 300,000 tonnes of wheat from Russia on the government-to-government deal at a cost of $372 per tonne. The ECC also approved jacking up revised margins of Oil Marketing Companies (OMC) from Rs3.68 on MS petrol and diesel to Rs6 per litre, witnessing a surge in the margin of OMCs by 63.04 per cent for an interim period.

Top official sources said that after detailed deliberations, it was decided that the petroleum prices may be deregulated with effect from November 1, 2022. In the meantime, the OGRA will conduct an analysis of the implementation of the deregulation of petroleum prices in consultation with the stakeholders with reference to in-country freight equalization, protection of dealer margins and collection of Sales Tax on dealer margins. For the interim period, the OGRA would recommend its proposal to the ECC not later than September 15, 2022. For an interim period, the OMCs agreed that their margins may be fixed at Rs6 per litre. The ECC also approve that OGRA will monitor the margins to be accounted for in the ex-depot sales price as approved by the forum.

Earlier, it was also proposed that with effect from August 5, 2022, OGRA may determine prices of petroleum products every Friday evening with the already approved mechanism on weekly basis and prices may be made effective from every Saturday. However, this decision could not be implemented so far.

According to an official announcement made by the Ministry of Finance on Monday night, Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar presided over the meeting of the Economic Coordination Committee (ECC) at the Finance Division. Federal Minister of Planning, Development & Special Initiatives Ahsan Iqbal, Federal Minister for Commerce Syed Naveed Qamar, Shahid Khaqan Abbasi MNA/ex-PM, SAPM on Finance Tariq Bajwa, SAPM on Revenue Tariq Pasha, Federal Secretaries, Chairman FBR and other senior officers attended the meeting.

Ministry of Commerce presented a summary on the procurement of wheat from Russia on G2G basis and submitted the offer of M/s. Prodintorg a state-owned enterprise of the Russian Federation for the supply of 300,000 tonnes of specified milling wheat @ US$ 372/tonne for the shipment period from 1st November 2022 to 15th January 2023. The ECC after deliberation approved the summary.

The Ministry of Energy (Power Division) presented a summary of the revision of oil marketing companies (OMCs) margins on petroleum products. After comprehensive discussion, ECC approved the summary in principle and allowed the agreed revised margin at Rs. 6/liter but its implementation will be subject to fiscal space in POL prices.

The Ministry of Energy (Petroleum Division) presented another summary for amendment in the Power Purchase Agreement (PPA) for the commissioning of the designated project – CPEC – TCB – I (On Thar Coal) without financial close. The summary presented that the project is 90% complete but the company was unable to achieve the financial close due to unforeseen events and reasons which led to delays in Sinosure and lenders’ approvals. Therefore, the request was made to consider and permit the effectiveness of the PPA from the date of its execution i.e. 27-08-2019 and authorize CPPA to amend the PPA accordingly. The ECC after deliberation approved the summary and added that it must be ensured that there will be no impact on tariff through this decision and this summary is being approved due to an exceptional situation.

The Ministry of Energy (Power Division) presented another summary of the Pakistan Energy Revolving Fund. The ECC after deliberation approved the opening of an assignment account under the title of Pakistan Energy Revolving Fund to be opened with SBP Islamabad and operated by CPPA.

The News PK

 

[daytrader]

Pakistan seeks explanation on Russian senator’s nukes claim
Russian lawmaker claims Ukrainian experts travelled to Pakistan to discuss nuclear weapons tech

ISLAMABAD:
Islamabad sought explanation from Russia on Tuesday after one of its senators alleged that Pakistan and Ukraine recently discussed the technologies for developing nuclear weapons.

“We are surprised by such an unfounded and baseless statement. It is without any rationale, and is entirely inconsistent with the spirit of Pakistan-Russia relations,” Foreign Office Spokesperson Asim Iftikhar said in a statement.

“We are seeking clarification on this from Moscow,” the spokesperson said, referring to Russian Senator Igor Morozov allegation that Ukraine and Pakistan recently discussed the technologies for developing nuclear weapons.

The latest claim came after Russia ramped up its rhetoric regarding Kyiv’s alleged preparations to use a radioactive “dirty bomb.”

Morozov, a member of the Federation Council’s defence committee, claimed that Ukrainian experts travelled to Pakistan and met with a delegation to discuss nuclear weapons technology, Russia’s state-owned news agency RIA Novosti reported.

The Russian lawmaker made the remarks during a news conference titled “Nuclear Provocations in Ukraine: Who Needs It?” as part of the special project “Ukrainian Dossier.”

Morozov argued that the ability of Ukraine to produce a “dirty bomb” was not a secret to anyone. However, he contended that lack of financing was the fundamental issue.

“The threat is real,” Morozov stated, while discussing the potential of Ukraine to use a “dirty bomb” as provocation. He added that the Tochka-U munition could be employed with a low-power nuclear charge.

Additionally, he did not completely exclude the possibility that Ukrainian President Volodymyr Zelenskyy discussed nuclear weapons with his British and American allies.

Morozov also highlighted that without the approval from the Congress, the United States president was permitted to use low-yield atomic bombs anywhere in the world.

But the Russian politician offered no convincing evidence to support his claims that Islamabad was previously found sending weaponry and ammunition to Kyiv in the ongoing Russia-Ukraine conflict.

Pakistan has maintained a delicate balance since Russia invaded Ukraine. It has not explicitly condemned the Russian action but at the same time has expressed concerns over the humanitarian situation in Ukraine.

Express Tribune

 

[Cpt. Rishwat]

With Friend of the West India openly trumpeting their continued trade with Russia and acknowledging them as tried and tested allies, the idea that Pakistan could hurt it's image in the west has been put to bed for good.

Unless the western nations are prepared to sanction India, they won't really be able to use Russia as a moral stick to get compliance from Pakistan. Here ends the thread.

 

[JaDed]

With Friend of the West India openly trumpeting their continued trade with Russia and acknowledging them as tried and tested allies, the idea that Pakistan could hurt it's image in the west has been put to bed for good.

Unless the western nations are prepared to sanction India, they won't really be able to use Russia as a moral stick to get compliance from Pakistan. Here ends the thread.

India isn’t as big as a friend of West as Pakistan is or has been historically, so the comparison doesn’t make sense.
The amount of visits by Pakistani establishment in last 4 months should give a clear idea who is an ally of West.
Perception and reality are different in this case.

 

[Cpt. Rishwat]

India isn’t as big as a friend of West as Pakistan is or has been historically, so the comparison doesn’t make sense.
The amount of visits by Pakistani establishment in last 4 months should give a clear idea who is an ally of West.
Perception and reality are different in this case.

I wonder why Pak nuclear weapons are seen as a danger while Indian ones aren't then?

 

[JaDed]

I wonder why Pak nuclear weapons are seen as a danger while Indian ones aren't then?

IMHO because bitter truth is the relationship is Master-Slave for Pak under current govn-establishment and it's a reminder to them also India is a big market for many American Tech exports(currently) so they are mindful.

 

[Cpt. Rishwat]

IMHO because bitter truth is the relationship is Master-Slave for Pak under current govn-establishment and it's a reminder to them also India is a big market for many American Tech exports(currently) so they are mindful.

Pakistan has been a US ally since inception though, not under current govt only as you suggest. So I think you need to find a deeper bitter truth.

 

[JaDed]

Pakistan has been a US ally since inception though, not under current govt only as you suggest. So I think you need to find a deeper bitter truth.

What is the truth then? India is a bigger ally of west than Pakistan?

 

[MenInG]

Finance Minister Ishaq Dar said on Sunday that the United States can not stop Pakistan from purchasing Russian oil and it will be possible to do so soon.

While addressing Pakistan Muslim League - Nawaz (PML-N) workers in Dubai, the finance minister said during his visit to the US last month, he had a meeting with the officials of the US State Department in which the matter of oil purchase from Russia was discussed.

 

[MenInG]

Pakistan Tehreek-e-Insaf chairman and former prime minister of Pakistan, Imran Khan said said in an interview that visiting Russia a day before Putin invaded Ukraine was “embarrassing”.

The former PM spoke to Financial Times on a number of issues and said that visiting Russia a day before attack on Ukraine was “embarrassing” but the visit was planned months in advance.

In an interview where he signaled his desire to build better ties with United States based on mutual respect, PTI Chief Imran Khan said that Pakistan he wants to lead must have good relationships with everyone, “especially the United States”.

“Our relationship with the US has been as of a master-servant relationship, or a master-slave relationship, and we’ve been used like a hired gun. But for that I blame my own governments more than the US,” said Imran Khan.

The PTI chief also criticised the IMF programme for terms that directly affect the common man, decreases consumption and halts growth.

“When you contract the economy, and some of the IMF measures make your economy shrink, how are you supposed to pay off your loans, because your loans keep increasing?” he said. “Consumption has crashed . . . So my question is: How are we going to pay our debts? We are certainly going to head towards default.”

ARY

 

[daytrader]

Pakistan abstains as UNGA adopts resolution on Russia
Document requires Moscow to pay reparations to Kyiv

UNITED NATIONS:
With Pakistan abstaining, the United Nations General Assembly (UNGA) voted to adopt a western resolution that calls for Russia to be held accountable for violating international law by invading Ukraine, including by paying reparations.

The vote in the 193-member Assembly was 94 in favour to 14 against, with 73 abstaining.

The resolution, cosponsored by 57 countries, recogniaes the need to establish “an international mechanism for reparation for damage, loss or injury” arising from Russia’s “wrongful acts” against Ukraine.

It recommended that the member states, in cooperation with Ukraine, create “an international register” to document claims and information on damage, loss or injury to Ukrainians and the government caused by Russia.

Explaining Pakistan’s abstention, Deputy Permanent Representative to the UN, Ambassador Aamir Khan told APP that it would be “unprecedented” to establish the proposed mechanism that is neither managed by nor accountable to any of the UN principal organs.

Noting that many of the co-sponsors of the draft resolution had consistently opposed any discussion on such an international mechanism for seeking reparations for slavery and colonialism, the Pakistani envoy said that double standards in application of international law were counter productive.

Russia’s veto in the Security Council had blocked the 15-member body from taking any action since Russia invaded Ukraine on February 24. But there are no vetoes in the General Assembly, which already has adopted four resolutions criticising Russia’s actions.

Unlike Security Council resolutions, General Assembly resolutions are not legally binding, but they do reflect and influence world opinion.

Express Tribune

 

[MenInG]

State Minister for Petroleum Musadik Malik on Monday said Russia will provide petrol and diesel to Pakistan at discounted rates, ARY News reported.

“Russian visit remained more successful than we were expecting,” Malik said while addressing a press conference in Islamabad.

The minister said Russia will export crude oil to Pakistan and diesel and petrol at discounted rates, which is good news for the country’s economy. “Russia will give the same discount to Pakistan as it is giving to the world on oil and petrol.”

Linking the development with addressing the energy needs, he said the incumbent government is trying to fix the ill economy due to the ‘wrong’ policies of the PTI government.

The minister also revealed that they also held talks with the gas companies in Moscow for LNG export to Pakistan.

Read more: High-power delegation to visit Russia to acquire oil, gas: NA informed

Russia has invited Pakistan for finalization the agreement for 2025-26, he added.

The agreement for the import of oil at a cheap price will help Pakistan save dollars and tackle skyrocketing fuel prices.

The delegation led by Musadik Malik left for Moscow, last week, to discuss cooperation between Islamabad and Moscow in the petroleum sector.

Earlier, the National Assembly was informed that a high-power delegation would soon visit Russia to negotiate any possibility of long-term cooperation to acquire gas and oil.

 

[daytrader]

Russia can supply gas to Pakistan, Afghanistan
Russia can send natural gas to the markets of Afghanistan and Pakistan in the long term, said Russian Deputy Prime Minister Alexander Novak

Russia can send natural gas to the markets of Afghanistan and Pakistan in the long term, said Russian Deputy Prime Minister Alexander Novak.

He added that this can be possible either using the infrastructure of Central Asia, or in a swap from the territory of Iran.

The deputy premier also said Moscow is ready to resume gas supplies to Europe through the Yamal-Europe Pipeline.

“The European market remains relevant, as the gas shortage persists, and we have every opportunity to resume supplies,” TASS cited Novak as saying in remarks published by the agency on Sunday.

“For example, the Yamal-Europe Pipeline, which was stopped for political reasons, remains unused.”

...
https://www.thenews.com.pk/print/1024245-russia-can-supply-gas-to-pakistan-afghanistan

 

[daytrader]

Russia offers to supply blended crude oil to Pakistan
Russia has offered to supply blended crude oil to Pakistan as part of 100,000 barrels per day crude oil supply

Russia has offered to supply blended crude oil to Pakistan as part of 100,000 barrels per day crude oil supply. This is because Pakistan’s refining sector is not able to process crude oil of one specification.

The offer from the Russian side came when authorities from both sides held a virtual meeting on Thursday.

The Pakistani side, led by State Minister for Petroleum Dr Musadik Malik, comprised senior officials of Petroleum Division and representatives from the oil sector whereas the Russian side consisted of senior officials of the energy ministry and relevant departments.

Sources privy to the proceedings of the meeting told The News the Pakistani authorities told their Russian counterparts that the country needed crude oil, petroleum products, gas and investment in infrastructure.

...
https://www.thenews.com.pk/print/1025293-russia-offers-to-supply-blended-crude-oil-to-pakistan

 

[MenInG]

Pakistan will pay for energy purchases from Russia — when they start in late March — in “currencies of friendly countries”, a top Russian energy ministry official said on Friday during a press briefing, according to Reuters.

The statement comes during the eighth session of the Pakistan-Russia Intergovernmental Commission held in Islamabad today, which was co-chaired by Minister for Economic Affairs Sardar Ayaz Sadiq and Russia’s Energy Minister Nikolay Shulginov.

Shulginov also said that the two countries have agreed on late March as the timeline for crude oil export to Pakistan.

A Russian delegation led by Shulginov is currently visiting Islamabad to discuss ways for improving bilateral economic and trade relations, with the focus mainly on the provision of oil and gas to Pakistan at discounted rates — as announced by Minister of State for Petroleum Musadik Malik last month.

In a joint statement released today, both countries agreed the “oil and gas trade transaction will be structured in a way it has [a] mutual economic benefit for both countries”, adding that the process would be completed within March 2023.

The countries signed an agreement on custom matters, a protocol on the exchange of documents and data on the customs value of goods transported between the countries, and a working agreement on aeronautical products.

The statement further said, “Both sides have agreed to work on a ‘Comprehensive Plan for Energy Cooperation’, which would form the foundation for future work and is to be finalized in 2023.”

Regarding the Pakistan Stream Gas Pipeline Project (PSGPP), both sides agreed to consider it in terms of a “comprehensive infrastructure, which is economically viable for sustainable gas infrastructure development ensuring affordable gas supplies”.

The joint statement stated both countries discussed “innovative ways of doing business, including through barter” and agreed to explore the option further.

They also agreed to share information towards developing and improving rail and road infrastructure while nominating focal persons from both sides to discuss issues concerning connectivity and logistics in Central and South Asia.

DAWN

 

[daytrader]

Pakistan expects no US interference in Russia ties

Foreign Minister Bilawal Bhutto-Zardari on Monday expressed the hope that the United States would not interfere in growing bilateral relations between Pakistan and Russia.

FM Bhutto-Zardari was in Russia on a two-day official visit during which both sides, according to APP, agreed to pursue initiatives to deepen bilateral cooperation in various fields, including education, economy, energy and connectivity.

“As far as interference by other countries are concerned, I expect that they will not interfere in bilateral relations between Pakistan and Russia,” the foreign minister said during a joint press conference with his Russian counterpart Sergey Lavrov in Moscow. He was replying to a question whether Pakistan has managed to receive guarantees from the US that it will not block the [energy] deal or impose sanctions.

...
https://www.dawn.com/news/1734512/pakistan-expects-no-us-interference-in-russia-ties

 

[daytrader]

US, Pakistan officials fear looming food crisis is ‘real concern’

A potential food crisis, exacerbated by the war in Ukraine, the ever-rising inflation, and the devaluation of rupee “is a real concern in Pakistan”, US and Pakistani officials warned on Tuesday.

Participating in a discussion through a web-link between Washington and Islamabad, the officials also underlined the need for an evaluation and monitoring mechanism to curb corruption and mismanagement in post-flood reconstructions.

“Yes, it does,” said *****stan’s ambassador in the US Masood Khan, when the moderator, Adam Weinstein, described the challenges confronting Pak*istan as “a perfect storm” and asked if it worried Islamabad.

“We were directly affected by the Ukraine war. And it led to the shortages of wheat and fertilisers that we used to import from Ukraine,” said the ambassador. Since then, Pakistan was scrambling to get things right, but then came the floods and the situation worsened.

Mr Khan said agriculture was important not only for food security, but also brought about $4.4 billion through exports. “That’s why it has been a setback” for Pakistan, he said.

...
https://www.dawn.com/news/1734666/us-pakistan-officials-fear-looming-food-crisis-is-real-concern

 

[daytrader]

Pakistan has reportedly sent 10,000 rockets to Ukraine to be used in Grad rocket launchers in war against Russia. A report in the Economic Times noted that the shipment left Karachi Port last month and will arrive in Germany via Poland. The weapons will be then transferred to Ukraine. This comes at a time when the cash-strapped nation is looking to secure a deal with Russia for oil supplies. On the other hand, Russia is keeping a close watch on Pakistan's weapons movement.

 

[daytrader]

Pakistan not supplying weapons to Ukraine: FO
“The reporting about supply of defence items by Pakistan to Ukraine is not accurate," says Foreing Office spokesperson

The Foreign Office Thursday denied the Indian media reports that Pakistan had annoyed Russia by supplying arms to Ukraine.

“The reporting about supply of defence items by Pakistan to Ukraine is not accurate. Pakistan maintains a policy of non-interference in military conflicts. Pakistan only exports defence stores to other states based on strong end use and non-re-transfer assurances. And this is the case of our position in the Ukraine-Russia conflict,” said the Foreign Office spokeswoman Mumtaz Zahra Baloch during a weekly press briefing here.

To several queries, the spokeswoman clarified that the IAEA dealt with the civilian nuclear technology and it was the mandate of IAEA director who was visiting Pakistan. Zahra corrected misconceptions that there was any talk about a deal or to curtail Pakistan’s nuclear program.

“I can categorically state here that this issue is not on the agenda of DG IAEA and will not be discussed and there will be no agreement in the context you are referring to. We must realise that the IAEA deals with the civilian nuclear technology and that is its mandate,” she reiterated.

...
https://www.thenews.com.pk/print/1041472-pakistan-not-supplying-weapons-to-ukraine-fo

 

[MenInG]

Pakistan is among the 32 countries that abstained from voting in the UN General Assembly on Thursday on a resolution that rejected the forcible acquisition of land, and called for a just and lasting peace in Ukraine.

More than 60 countries, including the United States and major European powers, moved the resolution in the General Assembly’s 11th emergency session on Thursday, a day before the first anniversary of the Russian invasion of Ukraine.

The resolution, which stressed that the Russian invasion violated the principles of the UN Charter, received 141 votes in favour, seven against, and was adopted by the assembly.

“Pakistan has abstained on the draft resolution,” said the country’s UN ambassador Munir Akram while explaining the move. But Islamabad “fully supports” the resolution’s “call for respect for the principle of the sovereignty, sovereign equality and territorial integrity of states and non-acquisition of territory by the threat or use of force,” he added.

DAWN

 

[happydavy]

Pakistan not supplying weapons to Ukraine: FO
“The reporting about supply of defence items by Pakistan to Ukraine is not accurate," says Foreing Office spokesperson

The Foreign Office Thursday denied the Indian media reports that Pakistan had annoyed Russia by supplying arms to Ukraine.

“The reporting about supply of defence items by Pakistan to Ukraine is not accurate. Pakistan maintains a policy of non-interference in military conflicts. Pakistan only exports defence stores to other states based on strong end use and non-re-transfer assurances. And this is the case of our position in the Ukraine-Russia conflict,” said the Foreign Office spokeswoman Mumtaz Zahra Baloch during a weekly press briefing here.

To several queries, the spokeswoman clarified that the IAEA dealt with the civilian nuclear technology and it was the mandate of IAEA director who was visiting Pakistan. Zahra corrected misconceptions that there was any talk about a deal or to curtail Pakistan’s nuclear program.

“I can categorically state here that this issue is not on the agenda of DG IAEA and will not be discussed and there will be no agreement in the context you are referring to. We must realise that the IAEA deals with the civilian nuclear technology and that is its mandate,” she reiterated.

...
https://www.thenews.com.pk/print/1041472-pakistan-not-supplying-weapons-to-ukraine-fo

Using soft words like "not accurate" to reject the report and not "vehemently denying". Perhaps some truth to the story and that's understandable as it would be under pressure from West to do a few things to get their help with IMF etc. But eventually it's the same story that Pakistan has no real foreign policy and is a mercenary state.

 

[MenInG]

Pakistan is among the 32 countries that abstained from voting in the UN General Assembly on Thursday on a resolution that rejected the forcible acquisition of land, and called for a just and lasting peace in Ukraine.

More than 60 countries, including the United States and major European powers, moved the resolution in the General Assembly’s 11th emergency session on Thursday, a day before the first anniversary of the Russian invasion of Ukraine.

The resolution, which stressed that the Russian invasion violated the principles of the UN Charter, received 141 votes in favour, seven against, and was adopted by the assembly.

“Pakistan has abstained on the draft resolution,” said the country’s UN ambassador Munir Akram while explaining the move. But Islamabad “fully supports” the resolution’s “call for respect for the principle of the sovereignty, sovereign equality and territorial integrity of states and non-acquisition of territory by the threat or use of force,” he added.

DAWN

Is this a wise move? Will the US like it?

 

[MenInG]

Ukraine has suggested India to recognise the dangers of not stopping those who prefer to push their agenda with "impunity" in what was seen as alluding to India's two big neighbours - Pakistan and China.

Emine Dzhaparova, the First Deputy Minister of Ukraine's foreign ministry, told the diplomatic corps, former envoys and reporters at the ICWA today that the events preceding the full-scale Russian invasion of Ukraine last year could serve as an example of how to handle "difficult neighbours".

"There is one message with which I have come to India. Ukraine really wants India and Ukraine to be closer. Yes, there is a history between us. But we want to start a new relationship with India," Ms Dzhaparova said at the Delhi-based Indian Council of World Affairs (ICWA), a government institute of national importance that was set up exclusively to study international relations and foreign affairs.

"India also has a difficult neighbourhood with China and Pakistan. The Crimea episode has a lesson for India as well. Whenever impunity happens and if it is not stopped, it becomes bigger," she said.

Her comments were seen as alluding to India's territorial disputes with Pakistan and China amid the ongoing tensions along the Line of Actual Control (LAC) in eastern Ladakh and Arunachal Pradesh, where Chinese troops often try to change the status quo despite de-escalation talks.

Russia seized eastern Ukraine's Crimea in 2014, eight years before launching its full-scale invasion of Ukraine. In 2016, Ukraine was certain Russia was planning a large invasion as President Vladimir Putin ordered troop build-up on its border and resumed hostile rhetoric that preceded his annexation of Crimea two years earlier.

Russia launched a full-scale invasion of Ukraine in February last year. The war is still going on.

Ms Dzhaparova, however, made it clear that Ukraine is not in a position to request India about how it maintains its economic relations with other countries, in an apparent reference to New Delhi's energy ties with Moscow. India has been buying cheap Russian oil - despite the West's sanctions on Russia - citing Indians' need for affordable oil comes first before everything else and India will go wherever it gets a good deal.

She said Ukraine would welcome National Security Adviser Ajit Doval if he visits their country. "We expect the visit of Ajit Doval. Russia has more time to make visits. We are facing a war. Sometimes you may want to do something but can't... My visit is a mark of friendship, for a better relationship with India, but it requires reciprocity," Ms Dzhaparova said.

There is speculation that one of the objectives of her visit is to explore the possibility of having Ukrainian President Volodymyr Zelensky speak at the G20.

The Ukrainian minister called India a "Vishwaguru". "The message of any spiritual teaching is justice. But sometimes there are countries that choose war. India should play a bigger role... We signed up to the Minsk Agreement because we were weak at that time. But after February 24, this logic will not be acceptable to us," she said, referring to the day of the Russian invasion in 2022, and the previous agreement with Russia after the 2014 Crimea invasion that has some highly disadvantageous clauses for Ukraine.

NDTV

 

[daytrader]

Pakistan has placed first order for discounted Russian crude oil: minister

Pakistan has placed its first order for discounted Russian crude oil under a new deal struck between Islamabad and Moscow, State Minister for Petroleum Musadik Malik has said.

“Our orders are in, we have placed that already,” he told Reuters in an interview on Wednesday night, adding that one cargo of the commodity will dock at the Karachi port in May.

The deal will see Pakistan buy crude oil only, not refined oil, and imports are expected to reach 100,000 barrels per day if the first transaction goes through smoothly, he said.

The minister added that Pakistan’s Refinery Limited will initially refine the Russian crude, with other refineries to be included later after a trial run.

Finance Minister Ishaq Dar last year had announced that the country was considering buying discounted Russian oil, pointing out that neighbour India has been purchasing oil from Moscow and Islamabad also had a right to explore the possibility.

Subsequently, Malik had flown to Moscow for talks on issues including oil and gas supplies after which the government announced that it would purchase discounted crude oil, petrol, and diesel from Russia.

In January 2023, a Russian delegation arrived in Islamabad for talks to finalise the deal. During the three-day meeting, the countries decided to address all technical issues — insurance, transportation and payment mechanism — to sign an agreement by late March this year.

“After consensus on the technical specifications achi*eved, the oil and gas trade transaction will be structured in a way it has a mutual economic benefit for both countries,” a joint statement issued by the two sides had then stated.

DAWN

 

[daytrader]

US not opposing Pakistan’s oil deal with Russia

WASHINGTON: Days after Pakistan placed its first order for discounted Russian oil, the Biden administration indicated that it will not oppose the deal.

“Look, each country is going to make its own sovereign decisions as it relates to its energy supply,” a US State Depart*ment spokesperson told reporters in Washington on Tuesday afternoon when asked to comment on Pakistan’s decision.

Vedant Patel, the department’s principal deputy spokesperson, said that the United States had left the door open for such purchases when it placed restrictions on Russian oil after Moscow invaded Ukraine last year.

“One of the reasons that the United States, through the G7, has been a big proponent of the price cap is to ensure that steps are not being taken to keep Russian energy off the market because we understand that there is a demand for supply,” Mr Patel explained.

The United States had indicated at previous briefings as well that Pakistan can purchase oil from Russia at a discounted price even though it has not signed a Washington-backed price-cap on Russian petroleum products.

“But we also need to take steps to ensure that Russian energy markets are not turning out to be a windfall for [President] Putin’s war machine,” Mr Patel warned.

“And so, again, countries will make their own sovereign decisions. We have never tried to keep Russian energy off the market,” he added.

Last week, Pakistan placed its first order for discounted Russian crude oil under a deal struck between Islamabad and Moscow, with one cargo to dock at the port of Karachi in May.

...
https://www.dawn.com/news/1749533/us-not-opposing-pakistans-oil-deal-with-russia

 

[MenInG]

Foreign Office Spokesperson Mumtaz Zahra Baloch on Friday announced that Pakistan is following a “strict neutral policy” on the matter of the Russia-Ukraine conflict.

During a weekly press briefing, the FO spokesperson clarified that Pakistan had not supplied arms to either side of the clash. She added that prior to the conflict, Pakistan and Ukraine shared close defence ties.

The spokesperson reiterated, however, that Pakistan remained neutral regarding this conflict.

 

[daytrader]

Chinese bank opens LC for Russian oil import
Pakistan will pay for 100,000 tons of crude oil in Chinese yuan

Pakistan has opened a Letter of Credit (LC) in the Bank of China for import of first oil cargo from Russia, which is expected to arrive in the last week of May.

According to sources, the LC has been opened in the Chinese bank in an attempt to make payment for the cargo – the first-ever purchase of Russian oil by Pakistan – in Chinese yuan. Russia will send a ship carrying 100,000 tons of crude oil.

At present, Pakistan is importing crude oil on a free-on-board (fob) basis, which means refineries will pay for the oil to be transported to the port.

However, Islamabad is importing oil from Russia on a cost, insurance and freight (CIF) basis, which means it will pay for the cargo after delivery at its port.

Though the payment for Russian oil will be in yuan, it will put a burden on Pakistan’s foreign exchange reserves.

Pakistan receives currencies like UAE dirham and Saudi riyal from the two countries, hence, it would have been easier to make payments in those currencies instead of yuan, officials said, adding that yuan was not available and the country would have to buy it.

Consequently, Pakistan will have to arrange US dollars to buy the Chinese currency at a time when it is struggling to ease the pressure on its reserves. Already, imports have been restricted to reduce the burden of arranging dollars.

...
https://tribune.com.pk/story/2415367/chinese-bank-opens-lc-for-russian-oil-import

 

[daytrader]

Pakistan, Russia sign deal to boost economic cooperation

Pakistan and Russia have signed a bilateral trade agreement aimed at facilitating and reducing costs of trade between the two countries.

The deal was signed during a three-day economic conference for Muslim countries that concluded on Friday in Kazan, Russia. The conference brought together participants from 85 countries, fostering a platform for the exchange of business ideas.

Both countries signed the protocol relating to customs cooperation between Pakistan’s Ministry of Commerce and the Federal Customs Services of the Russian Federation. This protocol serves as a vital legal framework for the development of commercial relations between the two nations.

In addition to facilitating the smooth movement of goods between Pakistan and Russia, the protocol also offers a substantial customs duty discount for Pakistani products upon entering the Russian market.

The protocol encompasses administrative cooperation and the exchange of information within the framework of the unified Tariff Preferences of the Eurasian Economic Union.

Pakistan’s Commerce Minister Naveed Qamar visited Kazan to represent Pakistan at the conference. During his visit, he held a meeting with Rustam Minnikhanov, the leader of Tatarstan, a region in Russia.

Their discussions primarily focused on strategies to enhance trade and economic relations between Pakistan, Russia, and specifically Tatarstan. Additionally, the minister had the opportunity to connect with prominent business figures attending the conference.

According to an official announcement from the ministry, the signing of the landmark protocol marks another crucial step in establishing the necessary legal framework for the development of commercial relations between Pakistan and Russia.

...
https://www.dawn.com/news/1754513/pakistan-russia-sign-deal-to-boost-economic-cooperation

 

[MenInG]

Foreign Minister Bilawal Bhutto-Zardari has said Pakistan is committed to maintaining relations with all the countries and seeking enhanced engagement with the Russian government through deep meaningful ties.

However, he said, the country wanted to maintain neutrality over the Ukraine conflict.

He expressed these views in response to a question during an interview with Al Jazeera TV, broadcast on Saturday.

DAWN

 

[Romali_rotti]

Foreign Minister Bilawal Bhutto-Zardari has said Pakistan is committed to maintaining relations with all the countries and seeking enhanced engagement with the Russian government through deep meaningful ties.

However, he said, the country wanted to maintain neutrality over the Ukraine conflict.

He expressed these views in response to a question during an interview with Al Jazeera TV, broadcast on Saturday.

DAWN

I think its a little too late for neutrality, didnt Pakistan sent ammunitions to Ukraine ?

I am sure Russians know about this double game by Pakistan, if it is true.

 

[MenInG]

I think its a little too late for neutrality, didnt Pakistan sent ammunitions to Ukraine ?

I am sure Russians know about this double game by Pakistan, if it is true.

If so, they have no problems supplying Oil to Pakistan

==


Prime Minister Shehbaz Sharif on Sunday said that the first cargo of discounted crude from Russia has arrived in the country, adding that the discharge of oil will commence tomorrow (June 12).

“I have fulfilled another of my promises to the nation. Glad to announce that the first Russian discounted crude oil cargo has arrived in Karachi and will begin oil discharge tomorrow,” the premier tweeted.

“Today is a transformative day. We are moving one step at a time toward prosperity, economic growth, energy security, and affordability,” PM Shehbaz said.

He stated that the arrival of the first-ever Russian oil cargo in Pakistan was the beginning of a “new relationship between Pakistan and the Russian Federation”.

“I commend all those who remained part of this national endeavor and contributed to translating the promise of Russian oil import into reality,” the prime minister added.

DAWN

 

[MenInG]

Pakistan paid for its first government-to-government import of Russian crude in Chinese currency, State Minister for Petroleum Musadik Malik said on Monday — a significant shift in its US dollar-dominated export payments policy.

The first cargo of discounted Russian crude oil arranged under a new deal struck between Islamabad and Moscow arrived in Karachi on Sunday. It is currently being offloaded at the port.

Malik, talking to Reuters by phone, did not disclose the commercial details of the deal, including pricing or the discount that Pakistan received, but said the payment was made in Chinese currency.

He said the purchase, Pakistan’s first government-to-government (G2G) deal with Russia, consisted of 100,000 tonnes, of which 45,000 tonnes had docked at Karachi port and the rest was on its way. The purchase was made back in April.

DAWN

 

[daytrader]

FO spurns ‘fabricated’ report that claims Pakistan sold arms to Ukraine for IMF deal
Baloch says Islamabad maintains a policy of strict neutrality in the dispute between Ukraine and Russia
ISLAMABAD:
The foreign office on Monday vehemently rejected claims that Pakistan agreed to supply weapons to Ukraine in return for securing an International Monetary Fund (IMF) bailout in July, saying the country maintained a “policy of strict neutrality.”

The rebuttal from the foreign office came after The Intercept, a US publication, claimed in its latest report that Pakistan supplied weapons to Ukraine via the United States in order to secure the IMF deal.

The publication backed its claims by two sources with knowledge of the arrangement, saying that internal documents from both the Pakistani and American governments confirm the development.

"These arms sales were intended to supply the Ukrainian military, hence, forcing Pakistan to take a side in the Russia-Ukraine conflict,” it claimed.

The standby agreement signed in July allowed Pakistan to avoid a potential default as its foreign reserves were depleting fast.

FO rejects report on alleged sale of weapons to Ukraine | The Express Tribune

Baloch says Islamabad maintains a policy of strict neutrality in the dispute between Ukraine and Russia

tribune.com.pk

 

[Cricket Warrior]

The point is straightforward, Pakistan should stay away of the Ukraine-Russia issue and maintain a neutral stance, this is a simple strategy for moving forward.

 

[Devadwal]

Really? Anyone following OSINT information can confirm that this is a lie. Pakistani weapon is used

 

[Cricket Warrior]

Really? Anyone following OSINT information can confirm that this is a lie. Pakistani weapon is used

Do you think Pakistan in such conditions can sell any weapons to Ukrain?

Obviusly its a made up news to break the nexus which is forming around russia.

 

[Devadwal]

Do you think Pakistan in such conditions can sell any weapons to Ukrain?

Obviusly its a made up news to break the nexus which is forming around russia.

122mm Yarmuk HE-Frag rockets,

122mm howitzer shells,

155mm artillery shells,

M4A2 propelling bag charges,

M82 primers,

PDM fuses,

M44A2 120mm HE mortar bombs,

130mm shells,

40mm RPG7 HEAT ammo,

12.7×99 MM armor-piercing cartridges,

12.7×108 mm bullets, and

7.62×54mm bullets

US 'Brokered' Pakistani Weapons Transfer To Ukraine In Lieu Of IMF Bailout - American Media Claims

By Vaishali Basu Sharma An investigation by the American nonprofit news organization, The Intercept, has revealed how Washington brokered a deal by which secret Pakistani arms sales to the US helped to facilitate a controversial bailout from the International Monetary Fund. Although numerous...

www.eurasiantimes.com

 

[Devadwal]

https://twitter.com/x/status/1634134245265268737

You can watch This videos .Pakistan’s provision of arms to Ukraine was an open secret,

 

[Civil]

How long will our establishment continue to be geopolitical rent seekers at the whim of these super powers. The country has starved while the establishment live comfortably in their parallel state. No shame; no self respect at this point.

 

[daytrader]

PM Kakar, President Putin discuss Middle East, bilateral ties in Beijing
Huge potential exists for cooperation between Pakistan and Russia, says Vladimir Putin
Caretaker Prime Minister Anwaar-ul-Haq Kakar met Russian President Vladimir Putin and discussed a wide range of issues including bilateral ties and the prevailing situation in the Middle East.

In the meeting held on the sidelines of the Third Belt and Road Forum for International Cooperation in Beijing on Tuesday, the two leaders reviewed bilateral cooperation with a special focus on trade, investment and energy.

They expressed satisfaction with the steady expansion of Pakistan-Russia relations and stressed the need for enhanced cooperation in diverse fields.

President Putin received PM Kakar before they held a meeting that encompassed bilateral, regional, and international affairs.

They also discussed the prospects of enhancing Eurasian connectivity and Pakistan's pivotal role in regional integration through rail, road and energy corridors.

The PM stressed the need for enhanced regional integration for the economic development of the entire region and reaffirmed Pakistan’s commitment to further expanding and strengthening bilateral cooperation with Russia in the areas of trade and investment, energy, connectivity and counterterrorism.

The leaders also exchanged views on regional and global developments, including the evolving situation in the Middle East.

In his opening remarks, Prime Minister Kakar said Pakistan and Russia had a convergence of interests on the issue of terrorism, and called for enhanced cooperation and a common approach among the neighbouring countries of Afghanistan.

He said the neighbouring countries should be the foremost to take the initiative and cooperate in the fields of intelligence, defence and counter-terrorism.

Kakar, Putin discuss Middle East, bilateral ties in Beijing

Huge potential exists for cooperation between Pakistan and Russia, says Vladimir Putin

www.thenews.com.pk

 

[BouncerGuy]

Pakistan once again dismisses arms supply deal with Ukraine

Pakistan, while rejecting the notions of any discussion on arms supply between defence ministers of Pakistan and Ukraine in their telephonic conversation, maintained on Wednesday that the country neither supplied arms to Ukraine nor does it intend to do so.

Foreign Office Spokesperson Mumtaz Zahra Baloch, in a statement, clarified that as a matter of policy Pakistan did not supply arms to a region in conflict.

“It has not supplied nor does it intend to supply any arms to Ukraine,” she added.

“This topic, therefore, was not discussed during the telephonic conversation between the ministers of defence of Pakistan and Ukraine on November 7, 2023,” she remarked.

The spokesperson said that Pakistan had stressed the need for a negotiated solution to the conflict in Ukraine.

In September, the foreign office had vehemently rejected claims that Pakistan agreed to supply weapons to Ukraine in return for securing an International Monetary Fund (IMF) bailout in July, saying the country maintained a “policy of strict neutrality”.

The rebuttal came after The Intercept, a US publication, claimed in one of its report that Pakistan supplied weapons to Ukraine via the United States in order to secure the IMF deal.

Responding to media queries on the Intercept report, Baloch had rejected the story as “baseless and fabricated”.

“The IMF Standby Arrangement for Pakistan was successfully negotiated between Pakistan and the IMF to implement difficult but essential economic reforms. Giving any other colour to these negotiations is disingenuous.

“Pakistan maintains a policy of strict neutrality in the dispute between Ukraine and Russia and in that context, does not provide any arms and ammunition to them. Pakistan’s defence exports are always accompanied with strict end user requirements,” she added.

In the past such reports also published claiming Pakistan was supplying weapons to Ukraine through a third country. However, both Pakistan and Ukraine denied such an agreement.

In July, the Ukrainian foreign minister undertook a first ever visit to Pakistan. During the visit both countries denied having entered into any arrangement that envisaged Pakistan supplying weapons to Ukraine against the backdrop of Russian invasion.

The Ukrainian foreign minister, however, said his country wanted Pakistan to be on his side. Pakistan has tried to tread carefully since the Russian invasion of Ukraine in February 2022. Despite immense pressure, Pakistan refused to vote on a UN resolution condemning Russia. Islamabad has abstained from voting on all occasions.

The US and European countries, nevertheless, wanted Pakistan to take a more clear stance on the Russian invasion.

Pakistan dismisses Ukraine arms deal | The Express Tribune

No discussion on arms supply in telephonic conversation between defence ministers of Pakistan and Ukraine, says FO

tribune.com.pk