One of the main factors contributing to Pakistan’s bad economic situation today is the inflation in the price of petroleum products. Musadik Malik, the petroleum minister, recently traveled to Russia to sign several significant deals. In a news conference, he declared that Russia is prepared to sell crude oil, gasoline, diesel, and LNG (liquefied natural gas) at a reduced price. As a result, Pakistan would be able to purchase petroleum products at a reduced cost compared to today. Petroleum products are Pakistan’s main imports.

Source: The Nation January 10, 2023 05:29 UTC