Brotherly' countries turn down Pakistan's request

[thakur_ritesh]

it seems more a case of the arabs trying to tighten the screws around Pakistan on latters relations with iran, something the arabs would like to see clipped. i see a definite iran angle in all this, but the problem for the arabs would be, till the time ppp is heading the government in pakistan, pakistanis wont be keen on leaving the iranian hand.

why dont the pakistanis negotiate with the UAE?

makes me recall of a similar sarcastic take by either dawn or tribune on arab world's donations when pakistan was flooded in 2010 and it was only when the pakistani media got quite critical of the donations made by arabs, that the donations started to flow in from that part of the world.

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)

i would imagine, that is the psyche that prevails in pakistan. they feel the need of a god father, be it in the form of amricans, chinese, arabs, or who so ever so that they can feel secure from the "evil hindoos" on this side of the border, though it is another thing when they pass the problem faced, they curse the very people who helped them, but if that was not to happen, how would they be pakistanis?

one needs to read condi rice's recent book, and it suggests how the mush's administration was running to washington back in 2001 when india had amassed its armed forces at the IB, just to make sure the amrericans pressed india hard enough to make sure no attack on pakistan took place.

same was true when kargil happened.

mumbai 26/11, and the panic reaction by the pakistanis to a hoax call by pranab mukherjee was again no different, they were calling up washington frantically late into night.

lets go back to '71 and pakistanis were doing the same all over.

well its good in a way, they more they depend on others, they more they get exploited, and who wants a strong pakistan anyways?

 

[rock127]

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

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

Brotherly what? Saudi mullah love moolah more than religious love.It come backs to money at the end of the day.

 

[rock127]

<font color="#333333"><span style="font-family: Georgia;"><strong>ISLAMABAD: </strong><font color="#222222"><span style="font-family: inherit;"><strong>All rhetoric of brotherhood notwithstanding, two 'friendly' Arab countries have refused to supply oil to Pakistan on long-term credit.</strong><img class="inlineimg" title="Taunt" border="0" alt="" src="http://defenceforumindia.com/images/smilies/smiley-taunt.gif" smilieid="473"><img class="inlineimg" title="Taunt" border="0" alt="" src="http://defenceforumindia.com/images/smilies/smiley-taunt.gif" smilieid="473"><img class="inlineimg" title="Taunt" border="0" alt="" src="http://defenceforumindia.com/images/smilies/smiley-taunt.gif" smilieid="473"><img class="inlineimg" title="ROFL" border="0" alt="" src="http://defenceforumindia.com/images/smilies/roflb.gif" smilieid="467"><img class="inlineimg" title="ROFL" border="0" alt="" src="http://defenceforumindia.com/images/smilies/roflb.gif" smilieid="467"><img class="inlineimg" title="ROFL" border="0" alt="" src="http://defenceforumindia.com/images/smilies/roflb.gif" smilieid="467"></span></font><br>
</span></font><br>
<span style="font-family: Georgia;">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.</span><br>
<span style="font-family: Georgia;">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.</span><br>
<span style="font-family: Georgia;">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.</span><br>
<span style="font-family: Georgia;">"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.</span><br>
<span style="font-family: Georgia;">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.</span><br>
<span style="font-family: Georgia;">Pakistan had also requested Kuwait to extend its credit terms for oil payments to six months, from the current two-month deferral period.</span><br>
<span style="font-family: Georgia;">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.</span><br>
<span style="font-family: Georgia;">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.</span><br>
<span style="font-family: Georgia;">When contacted, however, Petroleum Minister Dr Asim Hussain said he had no knowledge of such requests.</span><br>
<span style="font-family: Georgia;">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.</span><br>
<span style="font-family: Georgia;">Since then, Iranian oil is largely smuggled to Pakistan. Officials say people of Baluchistan meet most of their requirements with smuggled oil.</span><br>
<span style="font-family: Georgia;"><strong>Cash crunch at PSO</strong></span><br>
<span style="font-family: Georgia;">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.</span><br>
<span style="font-family: Georgia;">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.</span><br>
<span style="font-family: Georgia;">"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.</span><br>
<span style="font-family: Georgia;">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.<br>
<br>
<a href="http://tribune.com.pk/story/318703/oil-on-deferred-payment-brotherly-countries-turn-down-pakistans-request/" target="_blank">'Brotherly' countries turn down Pakistan's request – The Express Tribune</a></span>

<br><br>Brotherly what? Saudi mullah love moolah more than religious love.It come backs to money at the end of the day.