Pakistan and Russia on Wednesday signed eight agreements aimed toward strengthening exchange and monetary cooperation between the 2 nations. The agreements were finalised during a rite held in Moscow, where the ninth Intergovernmental Commission meeting took place. Federal Minister for Energy Owais Ahmed Leghari led the Pakistani delegation on the talks, which underscored the developing cooperation among the two nations. Speaking at the occasion, Leghari remarked, “Pakistan-Russia cooperation is progressing steadily, and those agreements will similarly deepen our collaboration in various sectors.” The agreements embody quite a number tasks, which include industrial cooperation and the production of insulin. A Memorandum of Understanding (MoU) became additionally signed among New Tech, a Pakistani entity, and a Russian college to promote academic and technological exchange. No crude oil address Russia Despite these tendencies, Federal Minister for Petroleum Dr Musadik Masood Malik reiterated that no settlement have been reached with Russia concerning the purchase of crude oil. Addressing the media in Islamabad, Malik disregarded reviews of a deal, mentioning, “The information approximately crude oil agreements with Russia is baseless. No conclusion has been reached on this count.” Malik also shared updates on Pakistan’s LNG situation, noting a surplus of liquefied natural gasoline because of decreased demand from non-public-quarter electricity plant life. “We have postponed 5 LNG cargoes and are considering delaying 5 more, given the decreased charges and surplus deliver inside the international marketplace,” he brought. Regarding the Iran-Pakistan gas pipeline assignment, Malik expressed Pakistan’s willingness to continue if international sanctions on Iran have been comfortable. However, he avoided discussing the problem in element.
