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The Journey of Russian Oil to Pakistan: A Closer Look at the Shipping Process

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June 14, 2023 and it takes only 6 minutes to read.

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The implications of this transaction are huge for Pakistan. It marks the beginning of a new relationship between the two nations and a positive step towards economic growth, energy security and affordability. Pakistani officials, including the Prime Minister, view this development as a game changer and a win-win for the people.

Interestingly enough, the selling of shares by Shell is actually good news for the investors. It is a sign that the country is dependent on more sources than just Arab or American. The possible impact of Russian oil on the investment market is certainly a factor here and this move could help the investors sell their shares in profit rather than loss in the future. In a policy budget speech, Ishaq Dar invites foreign oil companies to keep local reserves as the Government intends to remove taxes before 30th June 2023.

READ: Syed Asim Munir Shah: The Visionary Driving Pakistan's Economic Renaissance

In this article:muhammad bin salman, oil lobby, russian mafia, Vladmir Putin
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