Ready to buy Russian oil at same rate India is purchasing: Ishaq Dar

[farok84]

https://twitter.com/x/status/1582791781179015168

Hi,

The questions is, why did it take more than 6 months for the PDM government to arrive to this very obvious conclusion? How much precious dollars Pakistan have lost due their indecisiveness in past 6 months? Who is responsible for the economical loss, the higher cost of Power Generation and the blunt the poor masses have faced, in terms of higher petrol/ diesel prices, higher electricity bills (in terms of fuel cost adjustment), higher commodity prices (due to higher transportation cost), who is responsible?

https://twitter.com/x/status/1583010101497311232

 

[Wood]

Hi,

Can you please expand on it?

1. Have you considered Pakistan's product imports and the impact of even a modest 10% discount on them will have? Would that not be sufficient to cover for fuel subsidies?

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2. What will be the effect of discounted products (Fuel Oil) on power generation and subsequent Fuel Charges Adjustment that the end consumer have to pay?

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3. Will that not help Pakistan reduce import bills and curtail precious USD outflow, and the effective exchange rate?

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This is simpleton view. To effectively bulldoze PTI's narrative, they will first have to physically buy, until then, they are simply reinforcing PTI's narrative of PDM being US lapdogs, who cannot take sovereign decisions without prior approval of US. The whole independence/ sovereignty narrative that PTI has been able to derive, which appeals and resonates with Pakistan's social psyche, gets further cemented with statements like these.

"While replying to a question in Washington, Dar hoped that the West would have no objection to the import of Russian oil at a discounted rate due to Pakistan’s financial hardship triggered by the recent catastrophic floods."

Ah, we have another 'charts' man. If the discount on oil is $10, then how does a $20 subsidy get offset? Do any of these charts matter in this context? Only simpletons will try to argue that they do.

PTI or Imran Khan never had any deals with Russia. He only expressed intent and PDM has done the same multiple times. In your quote from Mr. Dar, he has said that he 'hopes west will not object' and not 'if the west does not object'. There is a big difference between the two as the former is a diplomatic way of saying that Pakistan is considerate of western reservations but will continue to do what is good for its economy. Imran Khan on the other hand was not savvy enough to use words that will convey Pakistan's sovereign interest without jeopardizing the relationship with Pakistan's most import export market.

 

[farok84]

Ah, we have another 'charts' man. If the discount on oil is $10, then how does a $20 subsidy get offset? Do any of these charts matter in this context? Only simpletons will try to argue that they do.

PTI or Imran Khan never had any deals with Russia. He only expressed intent and PDM has done the same multiple times. In your quote from Mr. Dar, he has said that he 'hopes west will not object' and not 'if the west does not object'. There is a big difference between the two as the former is a diplomatic way of saying that Pakistan is considerate of western reservations but will continue to do what is good for its economy. Imran Khan on the other hand was not savvy enough to use words that will convey Pakistan's sovereign interest without jeopardizing the relationship with Pakistan's most import export market.

Hi,

Are the charts showing wrong data? What should be the basis of a discussion? Shouldn't it be official data? Or do you prefer a subscribed opinion over it?

You are assuming that the discount is $10 (per bbl) and subsidy is $20 (per bbl). Do you have any data to back your claim or it is just your preferred notion?

 

[FOOLS_NIGHTMARE]

https://twitter.com/x/status/1583126929494134785