The Russian embassy in Islamabad said Tuesday that Pakistan received its first liquified petroleum gas (LPG) shipment from Moscow — the country's second major energy purchase from Russia.
The development comes months after the South Asian nation received its first-ever shipment of Russian crude oil.
The embassy, in a post on X formerly known as Twitter, said 100,000 metric tonnes of LPG had been delivered to Pakistan through Iran's Sarakhs Special Economic Zone.
Also, it said, consultations on a second shipment were underway. It is not yet clear how much the LPG cost or if it was discounted. It has also yet to be disclosed through which currency the payment was made.
For the Russian crude oil, Pakistani officials had said that they made payments to Moscow in Chinese currency but the cost was never disclosed.
Energy imports account for the majority of Pakistan's external payments, and discounted imports from Russia provide some relief as the country struggles with an acute balance of payments problem, risking default on its external debt.
Black Friday's true story is not as happy-making as merchants would have you think
Analyst attribute rally to several factors including interest rate cuts, low political risks around the upcoming polls
"We will add another 200,000 skilled people to the existing IT workforce," says IT Minister Dr Umar Saif
Rs1.52 per kWh surcharge for a period of one year will translate into Rs24.50 billion
KSE-100 closes at 58,198.76 points after gaining 827.18 points
Dr Sohail Masood's business registered phenomenal annual growth of 30% to 40% year on year