They are accused of offering advice on trading high-risk foreign currency derivatives over the social media platform
world1 day ago
The Pakistani government on Monday welcomed the arrival of the first shipment of discounted crude from Russia under a key deal between Islamabad and Moscow.
Prime Minister Shahbaz Sharif hailed it as a “fulfilment of promises” to the nation while Information Minister Marriyum Aurangzeb tweeted that it marked a “true service” for the people.
The cargo was being unloaded in the port city of Karachi, the country's main hub for imports. Cash-strapped Pakistan had been in talks with Russia to import discounted crude since February 2022, when former Pakistani prime minister Imran Khan visited Moscow to meet with President Vladimir Putin.
Pakistan's deputy oil minister, Musadiq Malik, told the Geo news TV that Islamabad had initially signed an agreement with Russia for the purchase of 100,000 tons of oil, which is supposed to arrive in two ships. The first vessel with the crude arrived in Karachi on Sunday. The size of its cargo load was not immediately known.
He did not share any details about the price of Russian oil, saying only that Pakistan will try to ensure a steady import with the expectations that prices at the pump will decrease.
“If we start getting one-third of our crude oil from Russia, then there will be a big difference in prices and its effect will reach people’s pockets," Malik said.
No details were revealed about how the payments are being made.
Sharif's government is grappling with an unprecedented economic crisis in the aftermath of the devastating flooding last summer that killed more than 1,700 people and caused $30 billion in damages.
Meanwhile, talks with the International Monetary Fund for the revival of the $6 billion bailout package have been on hold since December.
They are accused of offering advice on trading high-risk foreign currency derivatives over the social media platform
world1 day ago
The two days of hearings at the International Court of Justice are part of a case brought by South Africa accusing Israel of genocide
world1 day ago
Earlier, leaders condemned Israeli forces' 'barbaric' actions in Gaza but declined to approve punitive economic and political steps against the country
world2 days ago
The Indian prime minister reshared the video on X, saying 'such creativity in peak poll season is truly a delight'
world2 days ago
Move to also bar sex education for children under the age of nine following concerns about some of the materials being used in schools
world2 days ago
Mazzenga claimed another world record in the 90 and over age group this month when she ran the 200 metres outdoors in 51.47 seconds
world2 days ago
Fico was shot five times at close range on Wednesday; suspect is a 71-year-old former security guard at a shopping mall and author of three collections of poetry
world2 days ago
This is Imran Khan's first public appearance since his arrest in last August in Toshakhana case
world2 days ago