Pakistan says Russia to sell discounted crude, Iran to send LPG aid for winter

Pakistan’s State Minister for Petroleum Musaddiq Malik holds a press briefing at the Press Information Department in Islamabad on December 5, 2022. (Photo courtesy: PID)
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Updated 05 December 2022
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Pakistan says Russia to sell discounted crude, Iran to send LPG aid for winter

  • Junior oil minister says Pakistan in talks with private Russian companies on possible LNG deal
  • Malik says Iran to provide additional two million pounds of LPG to Pakistan in next 10 days

ISLAMABAD: Pakistan’s state minister for petroleum Dr. Musadik Malik said on Monday Russia had agreed to sell petroleum products to Pakistan at discounted rates.

The announcement comes after Malik and the petroleum secretary flew to Russia last month to hold talks on several issues, with oil and gas supplies deals topping the agenda.

The trip comes amid a domestic gas supply crisis in the South Asian country, aggravated because of winter. Pakistan is also battling to contain a current account deficit swelled by energy payments, mostly for oil.

Speaking at a presser in Islamabad, Malik said Pakistan would now be able to receive crude oil, petrol and diesel at lower prices.

“Our visit to Russia turned out to be more productive than we had anticipated as the country has agreed to provide us with petroleum products at affordable rates,” Malik said.

He added that Pakistan was also negotiating with private Russian countries to strike a possible LNG deal as well as holding talks with Russia’s state-owned LNG plants.

The minister said the Pakistani delegation had also spoken with Russian authorities about projects related to the installation of gas pipelines.

Answering a question related to the ongoing gas supply crisis in the country, the junior oil minister said he had issued instructions to ensure the supply of gas to homes during morning hours and meal-preparation times.

He said state-owned Sui Southern Gas Company was trying its best to manage the load during the winter season.

“In remote areas of the country where SSGC cannot supply gas, the government is providing liquefied petroleum gas (LPG) there to meet the shortage,” he said, adding that as compared to December 2021, more gas was being supplied to different parts of the country this year.

“We are importing 20,000 tons of LPG per month to meet the country’s needs, while Iran has also announced that it would provide 2 million pounds of LPG to Pakistan ... in the next 10 days,” Malik said.

Pakistan’s Finance Minister Ishaq Dar last month said the country was considering buying discounted Russian oil, pointing out that neighbor India was purchasing oil from Moscow and Islamabad also had the right to explore the possibility.

Pakistan has been unable to procure Liquified Natural Gas (LNG) from the international market because spot prices remain out of its range and shipments under long-term deals remain insufficient to match rising demand.


Pakistan to invest $1 billion in AI by 2030 in push to modernize economy

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Pakistan to invest $1 billion in AI by 2030 in push to modernize economy

  • PM says government will introduce AI curriculum in schools nationwide
  • The transformation plan will help train 1 million non-IT professionals in AI

ISLAMABAD: Prime Minister Shehbaz Sharif on Monday announced that Pakistan would invest $1 billion in artificial intelligence (AI) by 2030, in a major step to modernize the South Asian nation’s digital economy.

Pakistan, a country of 240 million people, seeks to become a key participant in the global AI economy, amid growing interest from governments in the Global South to harness AI for productivity, skills development and innovation.

The South Asian nation has been actively developing its AI landscape and approved its National AI Policy in July last year, which was followed by the launch of the country’s sovereign AI cloud and a startup fund.

Speaking at the launch of the Indus AI Week 2026 in Islamabad, Sharif unveiled a multi-pronged roadmap intended to transform Pakistan from a provider of IT technicians into a global hub for AI expertise.

“I am pleased to announce that the Government of Pakistan is committed to invest $1 billion in AI by 2030, which will go a long way in building AI ecosystem in our country,” he told policymakers and international tech experts at Islamabad’s Jinnah Convention Center.

Sharif detailed several flagship initiatives to support this transformation, including a sweeping educational reform, at the event organized by the Information Technology (IT) Ministry, which will be running until Feb. 15, featuring strategic dialogues on sovereign AI and technical showcases.

“AI curriculum will be introduced not only in all federally controlled or run schools, but also in all schools of AJK, that is Azad Jammu and Kashmir, and Gilgit-Baltistan, as well as remote parts of Balochistan,” he said.

The government will provide 1,000 fully funded PhD scholarships in AI to postgraduates to bolster high-level research, according to the PM. It plans to launch a nationwide program to train 1 million “non-IT professionals in AI skills” to enhance productivity and improve livelihoods across traditional sectors of the economy.

Sharif emphasized that the focus would remain on high-impact sectors, including agriculture, mines and minerals, and the empowerment of Pakistan’s youth which makes up 60 percent of its 240 million population.

“We will, God willing, bring in programs to transform them from IT technicians to AI experts, which will lead to our agriculture production in terms of its yield, its quality, its efficiency, like never before,” he said.

Drawing parallels to previous digitization efforts in the Punjab province, such as land record digitization and the establishment of the first IT university in Lahore, Sharif framed the AI push as a “gamechanger” for national governance. He noted the Federal Board of Revenue is already undergoing a digital overhaul to curb smuggling and tax evasion.

“Pakistan is absolutely ready to accept the challenge and walk with our global partners absolutely with great commitment and dedication,” he said. “Our commitment is solid, unwavering. We will never look back.”