Search

Pakistan to import Russian oil from March

Islamabad, Moscow agree to lay ‘foundation of new relationship'

Web Desk 05:55 PM | 20 Jan, 2023
Pakistan to import Russian oil from March
Source: PID

ISLAMABAD – State Minister for Petroleum Musadik Malik on Friday confirmed that Pakistan would start importing crude oil from Russia from March this year in forehand preparations to meet energy demands in summer season.

His statement comes as the annual Pakistan-Russia Intergovernmental Commission session concluded today after three-days of talks between the visiting Russian delegations and Pakistani officials. Russian Energy Minister Nikolay Shulginov led the Russian delegation to Pakistan months after the officials of the South Asian country visited Moscow for talks on import of oil and gas.

Musadik Malik, according to reports, said Pakistan wanted to import 35 percent of its total crude oil requirement from Russia. He also shared that currently Russia could not provide liquefied natural gas (LNG) to Pakistan due to prior commitments.

Meanwhile, the Russian minister said Pakistan will pay for energy purchases in currencies of friendly countries.

Earlier, Minister for Economic Affairs Division Sardar Ayaz Sadiq said both countries had agreed to sign few agreements for promotion of cooperation in diverse fields, adding that some more agreements are also in the pipeline.

He said the 8th session of Pakistan-Russia Inter-governmental Commission is going to lay foundation of a new relationship between Pakistan and Russia in the areas of economy, trade, technology, education and business to business transactions.

Sardar Ayaz Sadiq said both sides during the Inter-governmental Commission meeting discussed cooperation in range of areas including rail transportation, food security, aviation, education, oil and gas, natural resources and opening up of financial arrangements between the two countries.

The minister said that there will be significant announcements in the energy field as well.

Web Desk
Web Desk

Daily Pakistan Global Web Desk

Advertisement

Today's currency exchange rates in Pakistan - Dollar, Euro, Pound, Riyal rates on March 30, 2023

KARACHI - Following are the foreign currency exchange rates for US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, European Euro, and other foreign currencies in Pakistan open market on March 30, 2023 (Thursday).

Source: Forex Association of Pakistan. (last update 09:00 AM)

Currency Symbol Buying Selling
US Dollar ‎USD 283.6 286.65
Euro EUR 305.5 308.5
UK Pound Sterling GBP 348 351.5
U.A.E Dirham AED 77 77.7
Saudi Riyal SAR 75.5 76.3
Australian Dollar AUD 187.5 189.9
Bahrain Dinar BHD 753.99 761.99
Canadian Dollar CAD 206 208.2
China Yuan CNY 41.25 41.65
Danish Krone DKK 41.26 41.51
Hong Kong Dollar HKD 36.11 36.46
Indian Rupee INR 3.45 3.56
Japanese Yen JPY 2.15 2.22
Kuwaiti Dinar KWD 925.67 934.67
Malaysian Ringgit MYR 62.85 63.45
New Zealand Dollar NZD 175.57 177.58
Norwegians Krone NOK 26.33 26.63
Omani Riyal OMR 736.34 744.35
Qatari Riyal ‎QAR 77.92 78.62
Singapore Dollar SGD 209.5 211.5
Swedish Korona SEK 26.5 26.8
Swiss Franc CHF 308.25 310.75
Thai Bhat THB 8.28 8.43

Today's gold rates in Pakistan – 31 March 2023

KARACHI - The price of a single tola of 24-karat gold in Pakistan is Rs 207,700 on Friday. The price of 10 grams of 24k gold was recorded at Rs178,070.   

Likewise, 10 grams of 22k gold were being traded for Rs163,624 while a single tola of 22-karat gold was being sold at Rs 190,880.

Note: The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. The below rates are provided by local gold markets and Sarafa Markets of different cities.

City Gold Silver
Lahore PKR 207,700 PKR 2,470
Karachi PKR 207,700 PKR 2,470
Islamabad PKR 207,700 PKR 2,470
Peshawar PKR 207,700 PKR 2,470
Quetta PKR 207,700 PKR 2,470
Sialkot PKR 207,700 PKR 2,470
Attock PKR 207,700 PKR 2,470
Gujranwala PKR 207,700 PKR 2,470
Jehlum PKR 207,700 PKR 2,470
Multan PKR 207,700 PKR 2,470
Bahawalpur PKR 207,700 PKR 2,470
Gujrat PKR 207,700 PKR 2,470
Nawabshah PKR 207,700 PKR 2,470
Chakwal PKR 207,700 PKR 2,470
Hyderabad PKR 207,700 PKR 2,470
Nowshehra PKR 207,700 PKR 2,470
Sargodha PKR 207,700 PKR 2,470
Faisalabad PKR 207,700 PKR 2,470

Advertisement

Follow us on Facebook

Follow us on Twitter

Sign up for Newsletter