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Pakistan not receiving any discounted energy from Russia, says Bilawal Bhutto

11:26 AM | 16 Dec, 2022
Pakistan not receiving any discounted energy from Russia, says Bilawal Bhutto
Source: file photo

NEW YORK – Foreign Minister Bilawal Bhutto-Zardari denied reports that Pakistan is receiving any discounted energy from Russia.

The foreign minister’s statement is in contrast to his cabinet colleague, who, after visiting Moscow earlier this month, had claimed that Pakistan is seeking oil at discounted rates from the energy-rich country.  

On December 5, Minister of State (Petroleum Division) Musadik Malik said Russia had agreed to provide crude oil as well as petrol and diesel to Pakistan at discounted rates.

Speaking during an interview with PBS NewsHour on Wednesday, Bilawal said: “We are facing an extremely difficult economic situation, inflation, pump prices. We do have energy insecurity and we are exploring various avenues to expand the areas where we can get energy from. Any energy we receive from Russia will take a long time for us to develop.”

When asked if Pakistan can have a relationship with the United States as well as have strengthening ties with China and do business deals with Russia, the foreign minister said that as far as Pakistan’s relationship with China is concerned, China is its neighbour with a long history between the two countries.

Pakistan has a lot of cooperation with China, particularly on the economic front, he said, adding that Pakistan has a historical relationship with the US that stretches back to the 1950s.

Bilawal said that Pakistan and the US are cooperating in a whole host of areas, calling it a healthy sign. He said that the cooperation between the two countries was narrow and specific within the context of the war on terror in the past, however, Pakistan and the US are now building a more broad-based partnership.

Earlier, Bilawal Bhutto-Zardari has sought the international community's help in going after those who back, support, finance and facilitates terrorism in Pakistan.

In a news briefing after hosting the Ministerial Conference of G-77 Plus China in New York, he apprised the media of a dossier issued by Pakistan containing the pieces of evidence of Indian involvement in a terror attack in Johar Town area of Lahore in 2021.

Daily Pakistan Global Web Desk


Pakistani rupee rate against US Dollar, Euro, Pound, Riyal - Check 20 April forex rates

Pakistani currency remains marginally same against US Dollar and other currencies on April 20, 2024. US dollar was being quoted at 277.5 for buying and 280.5 for selling.

Euro comes down to 293 for buying and 296 for selling while British Pound stands at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.25 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 20 April 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.5 280.5
Euro EUR 293 296
UK Pound Sterling GBP 342.5 346
U.A.E Dirham AED 75.2 75.9
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 740.55 748.55
Canadian Dollar CAD 201 203
China Yuan CNY 38.47 38.87
Danish Krone DKK 39.78 40.18
Hong Kong Dollar HKD 35.53 35.88
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 903.11 912.11
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.61 25.91
Omani Riyal OMR 723.2 731.2
Qatari Riyal QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.47 307.97
Thai Bhat THB 7.56 7.71


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