‘Transformative day’: Pakistan celebrates first shipment of discounted Russian oil amid hopes for prosperity

This handout photograph, taken and released by Karachi Port Trust, shows a Russian ship, Pure Point, anchored at the OP2 in Karachi on June 11, 2023, carrying 45,000 metric tons of crude oil. (Photo courtesy: KPT)
Short Url
Updated 12 June 2023
Follow

‘Transformative day’: Pakistan celebrates first shipment of discounted Russian oil amid hopes for prosperity

  • Prime Minister Shehbaz Sharif says the country is moving one step at a time toward energy security and affordability
  • The first crude oil consignment of 45,000 metric tons will be handed over to the Pakistan Oil Refinery for processing

KARACHI: Prime Minister Shehbaz Sharif declared on Sunday Pakistan was making strides towards economic growth and prosperity, following the arrival of the country’s first shipment of 45,000 metric tons of discounted Russian crude oil on what was hailed as a “transformative day” for the country.

Pakistan has been actively seeking cheaper energy sources to address its crippling economic crisis, which saw its official forex reserves plummet to alarmingly low levels after dipping below $5 billion in recent months. To combat the situation, the government decided to curtail the country’s imports, which in turn slowed down the pace of the economy.

According to the Pakistan Bureau of Statistics, energy products constitute around 29 percent of the country’s total imports. Acquiring Russian crude oil at a discounted price has the potential to significantly reduce Pakistan’s import bill and create more fiscal space for the government.

“Glad to announce that the first Russian discounted crude oil cargo has arrived in Karachi and will begin oil discharge tomorrow,” the prime minister said in a Twitter post. “Today is a transformative day. We are moving one step at a time toward prosperity, economic growth and energy security & affordability.”

 

 

He also emphasized that this first oil shipment from Russia would mark the beginning of a new era in the bilateral relationship between the two countries.

Earlier, the Karachi Port Trust released a statement confirming the arrival of a vessel carrying 45,000 metric tons of Russian crude oil in the southern port city of Pakistan. The statement further indicated the consignment would be handed over to the Pakistan Oil Refinery for processing before the country gets an additional 50,000 metric tons of oil within a week.

Pakistan’s State Minister for Petroleum Musadik Malik revealed to the media last month that the country would start receiving Russian crude oil in small batches during the first half of June. While he refrained from disclosing the commercial details of the deal with Russia, he expressed optimism that a consistent supply of discounted oil would have a positive impact on the national economy.

Pakistan initiated its first order to import crude oil from Russia in April, following extensive negotiations between the two countries.

In January, Pakistan’s Foreign Minister Bilawal Bhutto-Zardari announced that the United States was briefed before the country engaged in petroleum and energy negotiations with Russia.

The move was made against the backdrop of G7 countries setting a price cap of $60 per barrel for countries procuring oil from Russia, as part of efforts to exert pressure on Moscow amid its conflict with Ukraine.


PTI leader Raoof Hassan injured in attack outside private news channel office in Islamabad

Updated 5 sec ago
Follow

PTI leader Raoof Hassan injured in attack outside private news channel office in Islamabad

  • Hassan remained vocal and presented his party position after the May 9 riots that followed ex-PM’s detention
  • PTI calls the attack ‘very shameful and reprehensible’ as the opposition stages a walkout from Pakistan’s Senate

ISLAMABAD: Former prime minister Imran Khan’s Pakistan Tehreek-e-Insaf (PTI) party said on Tuesday one of its senior leaders, Raoof Hassan, was injured in an attack carried out by unknown people after he arrived at the office of a private news channel in Islamabad.
Hassan, who has served as the PTI spokesperson, gained political prominence following a crackdown on the party after the May 9 riots, which erupted in the wake of Khan’s brief detention on corruption charges.
The crackdown resulted in the incarceration of top PTI leadership, many of whom continue to remain behind bars. Despite these circumstances, Hassan was vocal, addressing news conferences and passionately advocating for his party’s position.
“Very shameful and reprehensible,” the PTI said in a social media post after the attack. “Central Information Secretary Rauf Hassan attacked by unknown persons outside the office of a private channel.”


The party also shared Hassan’s video in which one can see blood coming out of his face as he walks into a building.
The news of the incident quickly spread around the federal capital, prompting the opposition to stage a walkout from the Senate.


Experts warn of health risks as Pakistan braces for severe heatwave

Updated 25 min 59 sec ago
Follow

Experts warn of health risks as Pakistan braces for severe heatwave

  • The meteorological department says temperatures may rise up to 50°C in parts of Pakistan in the coming days
  • Health experts say heatstroke can damage brain, heart and kidneys, leading to serious complications or even death

KARACHI: Experts on Tuesday warned of health risks and advised people to limit time spent in harsh sunlight as Pakistan is poised to experience some of the hottest weather conditions in the coming days.
According to the Pakistan Meteorological Department (PMD), a heatwave is expected to hit parts of Pakistan this week, with temperatures in certain areas of the southern Sindh and eastern Punjab provinces potentially surging past 40°C.
The PMD also warned of glacial lake outburst floods in the country’s northern Gilgit-Baltistan region and northwestern Khyber Pakhtunkhwa province due to rising temperatures.
In previous years, heatstroke, which occurs when the body temperature rises to 104°F (40°C) or higher due to prolonged exposure to high temperatures or physical exertion in the heat, has been reported by dozens.
“Without prompt care, heatstroke can damage the brain, heart, kidneys and other organs, leading to serious complications or death,” Dr. Naseem Salahuddin told Arab News, adding it was always important to act immediately and cool down the body of a heatwave victim.
“Extreme heat can damage the temperature control center in the brain,” she said, urging caution during high temperatures.
On Tuesday, as of 2 PM, temperature in Jacobabad and Mohenjo Daro reached 47°C, while it was 45°C in Sibbi, Lasbela, Rahimyar Khan, Hyderabad, Khairpur and Bhakar.
“The temperature is expected to further rise from tomorrow, with the upper regions of Sindh experiencing up to 50°C,” Dr. Sardar Sarfaraz, Pakistan’s chief meteorologist, said, noting the heatwave would affect settlements in upper Sindh and Punjab provinces.
With temperatures expected to rise further in coming days, Dr. Qaiser Sajjad, a health expert and former secretary general of the Pakistan Medical Association, emphasized social awareness was crucial to avoid health problems in such extreme weather.
“People should not spend too much time in the sun,” he said. “If it is essential to go out, the body should be completely covered.”
In June 2015, Pakistan experienced the worst heatwave in the country’s south, especially in its port city Karachi, where over 2,000 people died of dehydration.
Dr. Sajjad recalled the cases where patients, after receiving first-aid, instead of moving to the shade or discontinuing work, went back to perform labor and died shortly thereafter.
“If a person has suffered heatstroke, he or she should be taken to a cold place and not allowed to work, even if they seem to recover,” he said, adding people should pour water on their head in such a case.
He pointed out since climate change had made the weather more extreme, every household should keep umbrellas which should be used by its members to shield themselves from the sun.
“An umbrella should be a must,” he said. “Water intake should be increased to 22 glasses daily to keep the body hydrated.”
Dr. Sajjad also noted that people should consume fresh vegetables and fruits after washing with clean water and avoid dining outside.
“Prevention is better than cure,” he continued. “We don’t see as many deaths now as we unfortunately witnessed during the 2015 heatwave because there was no awareness then. More awareness can keep citizens safe.”


At SCO foreign ministers moot, FM Dar highlights Pakistan’s location as trade and transit hub

Updated 21 May 2024
Follow

At SCO foreign ministers moot, FM Dar highlights Pakistan’s location as trade and transit hub

  • The SCO is a major trans-regional organization and its member states collectively represent nearly half of world population
  • Dar apprises the SCO meeting of Pakistan’s priorities, including promoting connectivity, poverty alleviation and cooperation

ISLAMABAD: Ishaq Dar, Pakistan’s deputy prime minister and foreign minister, on Tuesday addressed a meeting of the Shanghai Cooperation Organization’s (SCO) Council of Foreign Ministers in Kazakhstan, where he highlighted Pakistan’s geostrategic location as a trade and transit hub, the Pakistani foreign ministry said.
Dar arrived in Astana, Kazakhstan on Monday to represent Pakistan at the two-day meeting of the SCO Council of Foreign Ministers. Founded in 2001, the SCO is a major trans-regional organization spanning South and Central Asia, with China, Russia, Pakistan, India, Uzbekistan, Tajikistan, Kyrgyzstan and Kazakhstan as its permanent members.
The meeting comes at a time when Pakistan is making rigorous efforts to increase bilateral trade and investment with a number of countries and has aimed to enhance its role as a pivotal trade and transit hub connecting the Central Asian republics with the rest of the world, leveraging its strategic geographical position.
Addressing the SCO foreign ministers’ meeting, Dar explained Pakistan’s priorities as the current Chair of SCO Council of Heads of Government (CHG), including promoting connectivity, development of transport links, youth empowerment, poverty alleviation and enhanced practical cooperation among SCO member states.
“The Deputy Prime Minister said that Pakistan’s geostrategic location offers an ideal trade and transit hub for the SCO region,” the Pakistani foreign ministry said in a statement. “He underlined the significance of China-Pakistan Economic Corridor for regional connectivity and economic integration.”
CPEC, part of President Xi Jinping’s ambitious Belt and Road Initiative, is a $65 billion network of roads, railways, pipelines and ports in Pakistan that aims to connect China to the Arabian Sea and help Islamabad expand and modernize its economy.
The project spans several phases, each with distinct goals and impacts on the region. The first phase began in 2015 and mainly focused on building critical infrastructure, particularly in the transportation and energy sectors. The second phase expands the focus to include industrial cooperation, agricultural development and the promotion of social and economic development.
The second phase is also expected to include the development of Special Economic Zones (SEZs), efforts to boost green energy production like hydropower and solar energy, and initiatives to modernize agriculture and increase exports.
On a visit to China this month, Dar said Pakistan and Beijing needed to finalize modalities for other countries to be part of the multi-billion-dollar corridor as Islamabad seeks to attract foreign investment into Pakistan.
“As we embark on phase two of CPEC we look forward to developing corridors of growth, livelihood, innovation, green development, and inclusivity to carry forward our shared vision of making CPEC an inclusive and transparent project,” Dar said. “We also need to finalize the modalities for third party participation in CPEC.”
Pakistan, faced with low foreign exchange reserves, currency devaluation and high inflation, has been pushing for an increase in bilateral trade and investment, with Islamabad seeing a flurry of high-level exchanges from diplomats and business delegations in recent weeks from Saudi Arabia, Japan, Azerbaijan, Qatar and other countries.
Prime Minister Shehbaz Sharif has vowed to rid the South Asian country of its chronic macroeconomic crisis through foreign investment and efficient handling of the economy.


Pakistan set to launch multi-mission communication satellite on May 30 with Chinese support

Updated 21 May 2024
Follow

Pakistan set to launch multi-mission communication satellite on May 30 with Chinese support

  • Suparco describes the scheduled launch as a stepping stone in transforming the country into a ‘digital Pakistan’
  • The satellite will also play a role in the socio-economic uplift of the country due to the communication technologies

ISLAMABAD: Pakistan’s national space agency on Tuesday announced its plan to launch a multi-mission communication satellite, PAKSAT MM1, from China next week, describing the initiative as a “hallmark of technological cooperation” between the two countries.
Earlier this month on May 3, the Pakistani satellite iCUBE-Qamar (ICUBE Q) was launched aboard China’s Chang’e-6 lunar mission from Hainan, China. A major milestone in Pakistan’s space exploration efforts, the satellite successfully entered the moon’s orbit on May 8, and shortly after began transmitting the first images from lunar orbit.
The Pakistan Space and Upper Atmosphere Research Commission (Suparco) now plans to launch the communication satellite with Chinese assistance on May 30.
“PAKSAT MM1 was conceived keeping in sight the growing needs of the country in the broad-spectrum of communication and connectivity,” Suparco said in a statement, adding the device will play a crucially important role in the socio-economic uplift of the country due to its advanced communication technologies.
The statement further noted the communication satellite would serve as a stepping stone in the country’s transformation into a “digital Pakistan.”
The statement also informed the launch ceremony would be broadcast live from Suparco’s offices in Islamabad and Karachi.
Established in 1961, Suparco manages Pakistan’s space program, enhancing the nation’s capabilities in satellite communications, remote sensing and meteorological science.


Over 570,000 Afghans expelled since Pakistan deportation drive began last year — state media

Updated 21 May 2024
Follow

Over 570,000 Afghans expelled since Pakistan deportation drive began last year — state media

  • 9,685 Afghan nationals returned to Afghanistan in last ten days, Radio Pakistan says
  • Government says deportations not targeted at Afghans but all those living illegally in Pakistan

ISLAMABAD: Over half a million Afghans living in Pakistan have been repatriated to their home country since the government launched a deportation drive last year, state broadcaster Radio Pakistan said on Tuesday, with almost 10,000 returning in the last ten days.

Until November last year before it began the deportation drive, Pakistan was home to over 4 million Afghan migrants and refugees, about 1.7 million of whom were undocumented, according to the government. Afghans make up the largest portion of migrants, many of whom came after the Taliban took over Kabul in 2021, but a large number have been present since the 1979 Soviet invasion of Afghanistan.

The expulsion drive started after a spike in suicide bombings last year which the Pakistan government — without providing evidence — said mostly involves Afghans. Islamabad has also blamed them for smuggling and other militant violence and crime. At the time, cash-strapped Pakistan, navigating record inflation and a tough International Monetary Fund bailout program, also said undocumented migrants had drained its resources for decades.

At the same time, Islamabad insists the deportation drive is not aimed specifically at Afghans but at all those living illegally in Pakistan. 

“9,685 more illegal Afghan nationals returned to their country over the last ten days,” Radio Pakistan reported. “The [total] figure of illegal Afghan returnees has reached 577,239.”

In October 2023, Pakistan announced phase one of the ‘Illegal Foreigners’ Repatriation Plan’ with a 30-day deadline for “undocumented” aliens to leave the country or be subject to deportation, putting 1.4 million Afghan refugees at risk.

In phase two of the ‘repatriation plan,’ around 600,00 Afghans who hold Pakistan-issued Afghan citizenship cards (ACCs) will be expelled while phase three is expected to target those with UNHCR-issued Proof of Registration (PoR) cards.

The deportation drive has led to a spike in tensions between Pakistan and the Taliban rulers in Afghanistan. 

Islamabad accuses Afghans of being behind a spate of recent suicide attacks in the country and accuses the Taliban of harboring such militants. The Taliban deny the allegations and say Pakistan’s security issues are a domestic issue.