The Embassy of Pakistan in the United Arab Emirates (UAE) hosted a grand reception today to commemorate Pakistan's National Day, attended by members of the diplomatic corps, senior UAE government officials, Emirati nationals, and the Pakistani community. His Excellency Sheikh Nahayan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence, graced the occasion as the Chief Guest, alongside Minister of State for Foreign Affairs, His Excellency Ahmed bin Ali Al Sayegh. The event featured traditional performances, including the national anthems of Pakistan and the UAE played on traditional instruments. The Pakistani flag was prominently displayed on the hotel building, visible across Abu Dhabi, symbolizing the strong ties between the two nations . In his address, Ambassador Faisal Niaz Tirmizi reflected on the significance of the Pakistan Resolution and the challenges faced by the nascent state in its journey toward socio-economic development. He highlighted various opportuni...
Pakistan and Russia have initiated talks for finalizing a long-awaited crude oil import deal. The negotiations between the two countries began on March 21, 2023, in Karachi, Pakistan's largest city and commercial hub.
The Pakistani delegation is being led by the country's Federal Minister for Energy, while the Russian delegation is headed by the Deputy Minister of Energy. Both sides have expressed their keenness to reach an agreement that is mutually beneficial.
Pakistan has been seeking to diversify its sources of crude oil imports, which are currently heavily reliant on Middle Eastern countries. The country is looking to increase its imports of crude oil from Russia, which is one of the world's leading producers of oil.
Russia, on the other hand, is looking to expand its market for crude oil exports, and Pakistan's growing energy needs make it an attractive destination for Russian oil.
The talks are expected to cover a wide range of issues, including the quantity of oil to be imported, the price of the oil, the transportation of the oil, and the payment mechanism. Both sides are expected to discuss the possibility of long-term contracts that would ensure a stable supply of crude oil to Pakistan.
The talks between Pakistan and Russia come at a time when the global oil market is experiencing significant volatility. The COVID-19 pandemic has had a major impact on the demand for oil, and the recent political developments in the Middle East have raised concerns about the stability of oil supplies from that region.
Pakistan's decision to seek alternative sources of crude oil imports is part of its broader efforts to achieve energy security and reduce its dependence on Middle Eastern countries. The country has been exploring the possibility of importing oil from countries such as Russia, Azerbaijan, and Kazakhstan.
If the talks between Pakistan and Russia are successful, it would be a significant development for both countries. For Pakistan, it would mean a reliable source of crude oil imports from a major producer, while for Russia, it would mean a new market for its oil exports.
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