ISLAMABAD: Prime Minister Imran Khan has rejected rumors of growing tensions in its ties with Saudi Arabia and said the Arab nation was a “key ally” with whom Pakistan had “no differences.”
The PM’s remarks in a television interview come on the heels of a visit by the Pakistani army chief to Riyadh this week.
Earlier this month, foreign minister Shah Mahmood Qureshi sparked controversy with statements over the Organization of Islamic Countries (OIC) being lukewarm on Pakistan’s territorial dispute with archrival India over Kashmir.
“Saudi Arabia is our key ally. Saudi Arabia has helped us in every difficult moment and even this time, they [helped us] in the most difficult possible time,” he said, referring to 2018 when Saudi Arabia offered Pakistan $3 billion in foreign currency support and a further loan worth up to $3 billion in deferred payments for oil imports to help stave off a current account crisis.
“These rumors you hear that our ties have gone bad with the Saudis, they are absolutely false,” the prime minister said in an interview to a local news channel. “Our ties with the Saudis are great, we are constantly in touch with the Saudis.”
Commenting on the foreign minister’s comments that the Organization of Islamic Cooperation was dragging its feet on the Kashmir issue, the PM said:
“They have their own foreign policy, they are their own countries, they have to make their own decisions. Pakistan has its own point of view.”
He added: “Saudis have their own foreign policy. We can’t think that because we want something, Saudis should also do it.”
Pakistan has long demanded that the OIC convene a high-level foreign minister’s meeting to highlight alleged rights violations in the part of Kashmir controlled by India. But the forum has only held low-level meetings so far.
Commenting on a recent normalization deal between Israel and the United Arab Emirates, the PM said Pakistan’s stance was “very clear.”
“We will never recognize Israel until Palestinians don’t get their rights,” he said, “they don’t get a just settlement.”
Saudi Arabia is a 'key ally,' no differences with Pakistan — PM Khan
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Saudi Arabia is a 'key ally,' no differences with Pakistan — PM Khan
- OIC countries entitled to their own foreign policy and Pakistan its own point of view, prime minister says in TV interview
- Reiterates Pakistan’s ‘very clear’ stance on Israel, will never recognize Israel until Palestinians get “just settlement”
Pakistan to sell excess gas in international markets from Jan.1— petroleum minister
- Pakistan was reportedly exploring ways to reduce $378 million in annual losses from supply glut caused by excess fuel imports
- Move to sell excess LNG in international markets will limit $3.56 billion losses caused since 2018-19, says petroleum minister
ISLAMABAD: Pakistan will sell its excess liquefied natural gas (LNG) in international markets from Jan. 1, Petroleum Minister Ali Pervaiz Malik said, revealing the move would limit losses caused from a years-long supply gut.
Local and international media outlets had reported in July that Pakistan was exploring ways to sell excess LNG cargoes amid a gas supply glut that government officials said was costing domestic producers $378 million in annual losses. News reports had said Pakistan had at least three LNG cargoes in excess that it imported from Qatar and has no immediate use for.
Speaking to reporters during a press conference on Sunday, Malik said there was an excess of imported gas in Pakistan as the use of this fuel for power generation had reduced in the country during the past few months. He said Islamabad had been forced to sell the gas to local consumers, due to which the circular debt in the gas sector from 2018 till now had ballooned to around Rs1,000 billion [$3.56 billion].
“From Jan. 1 we will sell this excess fuel in international markets to reduce our burden and limit our losses of this Rs1,000 billion [$3.56 billion],” Malik said.
He said this move would also allow Pakistan’s state-owned enterprises in the sector to operate on their full capacity and generate profits and employment.
Malik also spoke of foreign oil companies that were ready to invest millions in the country in the near future.
The minister cited the recent visit of Turkish energy minister to Pakistan which had resulted in the state-owned Turkish Petroleum signing deals to carry out onshore and offshore drilling activities in Pakistan.
“Turkish Petroleum will also open its office in Islamabad, where 10 to 15 Turkish nationals will be working,” Malik said.
He also said that a delegation of the State Oil Company of Azerbaijan Republic (SOCAR) visit Pakistan this week, adding that it was also expected to collaborate with local companies for oil and gas exploration.
The minister said SOCAR was also opening its office in Pakistan.
“It will also invest millions of dollars in the construction of an oil pipeline from Machike to Thalian in collaboration with the PSO (Pakistan State Oil) and FWO (Frontier Works Organization),” Malik said.
