Brotherly’ countries turn down Pakistan’s request

Discussion in 'Pakistan' started by Blackwater, Jan 9, 2012.

  1. Blackwater

    Blackwater Veteran Member Veteran Member

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    ISLAMABAD: All rhetoric of brotherhood notwithstanding, two ‘friendly’ Arab countries have refused to supply oil to Pakistan on long-term credit.:taunt::taunt::taunt::rofl::rofl::rofl:

    Plagued by circular debt, and faced with high international oil prices, Pakistan had requested Kuwait and Saudi Arabia to extend their credit term for oil payments.
    During his two-day visit in August last year, Prime Minister Yousaf Raza Gilani had requested Saudi King Abdullah bin Abdulaziz to either restore ‘free oil facility’ or extend the credit term for oil payment from the existing 30 days to one-year.
    Saudi Arabia had granted Pakistan a ‘free oil facility’ in 1998, in the aftermath of the nuclear tests and subsequent economic sanctions from the United States and Europe.
    “Saudi Arabia has turned down Pakistan’s request on grounds that since it exports oil to other countries, they may demand similar treatment,” said sources, quoting Saudi officials.
    Saudi authorities also said that oil export is a commercial business for them and they would offer Pakistan the same terms that are offered to other countries, sources added.
    Pakistan had also requested Kuwait to extend its credit terms for oil payments to six months, from the current two-month deferral period.
    A formal request in this regard was made during President Asif Ali Zardari’s visit to Kuwait on May 7, 2011. At that time, Kuwait said it would discuss the matter with concerned authorities and let Pakistan know later.
    Kuwait is the only country that supplies oil to Pakistan on a two-month deferred payment plan, an arrangement secured during the 2008 financial crisis. Other Middle Eastern countries, including Saudi Arabia, export oil on 30-day credit term.
    When contacted, however, Petroleum Minister Dr Asim Hussain said he had no knowledge of such requests.
    Earlier, Iran had been supplying 45,000 barrels of crude oil to Pakistan on a three-month deferred payment plan until January 2011. UN-imposed sanctions, however, brought a halt to these due to difficulties in opening Letter of Credits from global banks for oil imports from Iran.
    Since then, Iranian oil is largely smuggled to Pakistan. Officials say people of Baluchistan meet most of their requirements with smuggled oil.
    Cash crunch at PSO
    With almost Rs200 billion due to pay local and international fuel suppliers as of January 6, 2012, the largest public sector oil marketing company, Pakistan State Oil (PSO), is in dire straits.
    Of that amount, PSO owes almost Rs114 billion to international fuel suppliers, including Kuwait Petroleum Corporation (KPC). “PSO is facing an emergency-like situation and has no money to pay for oil supplies,” sources said.
    “The situation has been aggravated due to nonpayment of dues by power sector and some other clients; PSO’s receivables have piled up to Rs185.2 billion,” sources added.
    The company is mainly dependent on oil imports since oil refineries in the country are operating at 70% capacity due to circular debt, sources added.

    ‘Brotherly’ countries turn down Pakistan’s request – The Express Tribune
     
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  3. Blackwater

    Blackwater Veteran Member Veteran Member

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    So Mr. Thakedar of Islami dunyia has been refused oil by his servants:laugh::laugh::laugh::wave::wave:
     
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  4. Blackwater

    Blackwater Veteran Member Veteran Member

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    Kab tak bheekh doge in bheekhariyo ko, kab tak??
     
  5. rock127

    rock127 Maulana Rockullah Senior Member

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    Is this related to recents curbs on $$$$$ by US somehow?
     
  6. Blackwater

    Blackwater Veteran Member Veteran Member

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    All whether Chini papa should supply oil to pak. will they or not ?????:shocked::shocked::shocked:
     
  7. Yusuf

    Yusuf GUARDIAN Administrator

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    They want 1 year credit on black gold which is selling at premiums?

    I appreciate the audacity of Pakis. Biggest and shining example of beggars CAN be choosers. They have created new heights.
     
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  8. Blackwater

    Blackwater Veteran Member Veteran Member

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    i think pak must get Guinness book of world records on "How to beg long and efficiently":taunt::taunt::rofl::rofl::rofl:
     
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  9. Bhadra

    Bhadra Defence Professionals Defence Professionals Senior Member

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    No good for Pakistan. They may explore oil on Gilgit and skardu under the snow !
     
  10. KS

    KS Bye bye DFI Veteran Member

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    Cheesy title from Express Tribune...:lol:
     
  11. Blackwater

    Blackwater Veteran Member Veteran Member

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    There are only two type of peoples in the world who has extracted money from Arabs Efficiently so far.

    1) Prostitute

    2) Pakistan

    :thumb::thumb::thumb::scared1::scared1:
     
    Last edited by a moderator: Jan 9, 2012
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  12. Blackwater

    Blackwater Veteran Member Veteran Member

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    For that u need brain.Sorry pak brains are busy in watching animal porn and learn begging Skillls. Pls don't disturb them:namaste::namaste::tsk::tsk::tsk:
     
  13. ejazr

    ejazr Stars and Ambassadors Stars and Ambassadors

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    Even the 1998 "free oil" wasn't free but set for deferred payment which they kept extending year after year since then until Musharraf era. Since then, no new facility has been provided.

    Given that the Saudis themselves are using more and more oil for their internal needs, they can't continue to give free bailouts to other countries.
     
  14. Bhadra

    Bhadra Defence Professionals Defence Professionals Senior Member

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    Alas !
    When British partitioned India in 1947, the two richest and most fertile areas of India, namely, East Bengal and Punjab were given to Pakistan. India had nothing but dry lands. Till about eightees, they were faring well and better than India. Bangladesh is still trying to stand on her feet.

    Pakistan is under curse. The curse of their own Vahabi brand of Islam which does not allow them to live or die. For Pakistanies their brand of Islam is akin to Karna being for Druyodhana. Overreach and over reach everywhere have killed them all. Like it got Karna and Druyodhana destroyed.

    Not satisfied with their earlier relative prosperity, the desire to have more and more have ruined them.
     
  15. sob

    sob Moderator Moderator

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    Why do they need Crude Oil. As far as I remember they had promised to eat Grass and to grow Grass they do not need petrol.

    Silly buggers...
     
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  16. rock127

    rock127 Maulana Rockullah Senior Member

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    At the moment they started sending the terrorists in Kashmir the decline of this so called country Pakistan started.Now the same terrorism cancer has caught it's own master aka Pakistan and now see the result.... jo dusro ki kabr khodtein hein vo khud he usme dafan hio jatein hein.
     
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  17. Blackwater

    Blackwater Veteran Member Veteran Member

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    Country which has no oil ,no gas,no electricity,no law and order must not posses nukes. World should take nukes from this infected country if they want to live in peace..
     
  18. warlock2

    warlock2 New Member

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    There so called Brotherly countries are busy signing Deals with India. I must right decision by Kuwait and SA. Don't know why we want to sell Electricity to them.
     
  19. Dovah

    Dovah Untermensch Senior Member

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    Pakis are such morons. "If you don't give us free oil we ain't friends no more?" What do they bring to the table? This is hardly brotherhood ,more like father-son.
     
  20. ganesh177

    ganesh177 Regular Member

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    Pakisan looks like a poor little girl who needs protection and safe hand on there head by the big brothers they have imagined that are for them all the time.

    Be a man.(Rusell peters voice)
     
  21. Blackwater

    Blackwater Veteran Member Veteran Member

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    pakistan looks so beautiful in this video:laugh::laugh::taunt::scared1:
     
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