ISLAMABAD – Pakistan has successfully taken delivery of its first-ever shipment of liquefied petroleum gas (LPG) from Russia, a significant milestone in the growing energy cooperation between the two nations.
The Russian embassy in Islamabad confirmed this development, highlighting the crucial role played by Iran in facilitating the delivery.
This comes on the heels of Pakistan's earlier acquisition of Russian crude oil, marking the country's second major energy transaction with Russia this year.
Russia has delivered the first batch of liquefied petroleum gas (LPG) in the amount of 100 thousand metric tons to Pakistan through Iran's Sarakhs Special Economic Zone. Consultations on the second shipment are underway— RusEmbassy_Pakistan (@RusEmbPakistan) September 26, 2023
The shipment, totalling 100,000 metric tonnes, was transported through Iran's Sarakhs Special Economic Zone. Ongoing discussions for a subsequent shipment are in progress, although specific details of Iran's involvement and pricing remain undisclosed.
Pakistan had previously conducted the transaction for Russian crude in Chinese currency, though the exact value of the deal was not disclosed. As energy imports constitute a significant portion of Pakistan's external payments, discounted imports from Russia are viewed as a lifeline amidst the nation's economic crisis and pressing balance of payments challenges, potentially averting a default on external debt.
Pakistani rupee continues to show resistance against US dollar in the open market on Monday amid positive economic indicators.
On first working day of the week, the US dollar in open market stands at 284 for buying and 287.15 for selling.
Euro price moves up to 310.71 for buying and 311.31 for selling. British Pound rate stands at 357.55 for buying, and 358.2 for selling after marginal increase.
UAE Dirham AED stands at 77.55 whereas the Saudi Riyal also witnessed slight fall and new price stands at 75.94.
|UK Pound Sterling||GBP||357.55||358.2|
|Hong Kong Dollar||HKD||36.52||36.62|
|New Zealand Dollar||NZD||170.9||172.9|
KARACHI – Gold rates in Pakistan continue to climb higher on Monday amid surge in global trend.
On Monday, the price of 24-karat gold stands at Rs215,500 per tola, and 10 gram costs Rs184,750 per tola.
Single tola of 22 Karat Gold price stands at Rs198,550, 21 karat rate for per tola is Rs189, 525 and 18k gold rate stands at Rs162,450.00 for 1 tola.
In the international market, the price of bullion hovers around $2010 per ounce with incrrease of around $8.
|Lahore||PKR 215,500||PKR 2,610|
|Karachi||PKR 215,500||PKR 2,610|
|Islamabad||PKR 215,500||PKR 2,610|
|Peshawar||PKR 215,500||PKR 2,610|
|Quetta||PKR 215,500||PKR 2,610|
|Sialkot||PKR 215,500||PKR 2,610|
|Attock||PKR 215,500||PKR 2,610|
|Gujranwala||PKR 215,500||PKR 2,610|
|Jehlum||PKR 215,500||PKR 2,610|
|Multan||PKR 215,500||PKR 2,610|
|Bahawalpur||PKR 215,500||PKR 2,610|
|Gujrat||PKR 215,500||PKR 2,610|
|Nawabshah||PKR 215,500||PKR 2,610|
|Chakwal||PKR 215,500||PKR 2,610|
|Hyderabad||PKR 215,500||PKR 2,610|
|Nowshehra||PKR 215,500||PKR 2,610|
|Sargodha||PKR 215,500||PKR 2,610|
|Faisalabad||PKR 215,500||PKR 2,610|
|Mirpur||PKR 215,500||PKR 2,610|