First shipment of discounted Russian crude oil arrives in Karachi: Pak PM ...Middle East

Economy by : (Business Standard) -
Pakistan Prime Minister Shehbaz Sharif on Sunday announced that the first shipment of discounted Russian crude oil has arrived in the port city of Karachi, a development that will provide relief to the people hit by skyrocketing inflation. Pakistan, which is currently grappling with high external debt and a weak local currency, is hoping that snapping crude at discounted rates from Russia will stabilise oil prices in the country. Petrol now costs Rs 262 per litre in the country. A cargo ship carrying about 45,000 metric tonnes of Russian crude oil docked at a port in Karachi on Sunday. I have fulfilled another of my promises to the nation. Glad to announce that the first Russian discounted c

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