Russia offered Pakistan 30% discount on oil and wheat. PM IK.

[Genghis khan1]

Someone check Bajwa foreign assets.

 

[flameboard]

I've read Russian Oil requires a different type of refinery. Wouldn't have been beneficial in the short term. Wheat though I think we produce enough of it.

It would be easy to have them provide a solution to the refinery issue as well

 

[Enigma SIG]

It would be easy to have them provide a solution to the refinery issue as well

Again. The problem is not on their side. The problem is internal to Pakistan. I think we should be renaming the country Selloutistan.

 

[PakAlp]

I posted this in another thread as well, but makes more sense here

Copied from SM, any merits to this theory?
In my opinion, if there was a rubble oil deal then it would not have irked the US alone but Saudia as well. Btw MBS telephoned Shehbaz and invited him to visit Riyadh at the earliest.


Nasira Javed Iqbal (Daughter-in-law of Allama Sir Muhammad Iqbal and retired judge of LHC):
I will tell you what crime you committed Dear IK. I have been asking why IK had to be removed immediately rather than wait for 16 months to complete the term. So here is the answer.
To understand this first let’s cover two concepts

1) What is Petrodollar. It’s an agreement signed between King Faisal and President Nixon in 1974.
Saudi responsibility was to convince all OPEC countries to sell oil in US dollars and not accept any other currency or gold. All proceeds from sale will be deposited in US banks or Federal Reserve. (Then there is a lengthy formula how the OPEC county do withdrawals. We can go over it some other time) This increase the demand for USD because for any country to buy oil they first have to buy USD. This arrangement keeps USD strong.

In return Saudi currency was pegged at 1 USD = 3.75 SR, the Saudi economy may do good or bad the conversation rate will remain same. They will not face devaluation. Second US guaranteed that House of Saud will remain in power, no regime change.
US responsibility was to make sure none of the opec countries opt out of this arrangement. Iraq and Libya renegade and we all know what happened.

2) What is Indian rupee-ruble trade singed between India and Soviet Union (subsequently Russia) of 1953.
For Indian purchases from Russia they will pay in Indian Rupee. This increases the demand for Indian rupee and the currency remain strong.
For Russian purchases from India they will pay in Ruble. This increases the demand for ruble and the currency remain strong.
An Indian bank will open a branch in Russia and a Russia bank will open a branch in India to facilitate trade. There are safeguards built in so neither country do not cheat (we can go over these some other time).

This arrangement bypasses SWIFT. Please note, it is very important to understand that this deal occurred in 1953 before the petrodollar deal in 1974.

IK was the first Pakistani PM to do a Pakistani Rupee-Chinese Yuan deal in 2019. This deal covered semiconductor, transformers, broadcasting equipment. US was not happy, but let it go because it never included oil.

IK was in the process of doing a Pakistani Rupee-Russia Ruble deal for oil in 2022. Remember Petrodollar deal is dated 1974. This is a no, no. US cannot accept this because if other countries follow suit USD will weaken and US economy will come down to EU level. No more superpower.

If IK would have succeeded in doing within next 16 months, even at the expense of loosing the next election Pakistan would have come out of slavery. Hence he had to be removed immediately. He left US no choice.

IK should be thankful that he is not sitting with Saddam Hussain and Qadhdhafi in heaven. US has given him a second chance, but if he is determined not to avail then only God knows what will happen to him or Pakistan.

If IK is successful in getting this through in his second term, this constant devaluation of Rupee (1 USD = 180 PKR) will stop, Pakistan will start paying IMF and conversion rate recover.

Pakistan is at a crossroads:
Can end up with Iraq & Libya
Can end up with Sri Lanka
Can end up with freedom.

They will never allow Gold/Silver as currency or allow puppet governments to move away from dealing without Usa dollars. One form of modern day slavery.

Again. The problem is not on their side. The problem is internal to Pakistan. I think we should be renaming the country Selloutistan.

Iran built their side of Gas pipeline but we fail to build ours. Why should we care who placed sanctions on Iran? They never harmed us, why have we failed to fulfil the agreement with Iran?
We could make billions in savings, and also IPC pipeline which will use Pakistani territory for pipeline to China.

 

[INS_Vikrant]

Had pak accepted offer, imagine pipeline running from Russia going through central Asia through Pakistan into india. Would have been win for all of us.

 

[313ghazi]

Had pak accepted offer, imagine pipeline running from Russia going through central Asia through Pakistan into india. Would have been win for all of us.

Pakistan did accept the offer, until the military/judicial coup.

 

[Cheepek]

Russia gave this offer to everyone who wanted to buy Urals.
Pakistan gets oil from Saudis on deferred payments and also have a 3 year financing facility for oil and other petro products worth $4.5B from ITFC signed in 2021.

Can you import Urals by paying cash upfront knowing fully well it's still ~$80?

 

[Beast]

Quick Lesson for introspection: Vietnam war. Farmers fought against a world power and forced them to retreat.

Now Vietnam is one of the biggest economies in Asia

Are you sure? Vietnam is still one of the poorest in Asia. Their economy barely cross USD 350 billion considered they have a 100 million population.

 

[Indos]

I've read Russian Oil requires a different type of refinery. Wouldn't have been beneficial in the short term. Wheat though I think we produce enough of it.

Yup, it needs upgraded refinery just like Indonesia at the mean time cannot process Russian oil but we can get them in May as our state owned oil and gas company, Pertamina, has been upgrading their current refineries since before the war happen.

Regardless of that, you can still buy Russian refined oil, so it doesnt need to be refined in Pakistan, just let Russian refine it with of course some refined margin given to Russian refinery

I predict some portion of gasoline sold in Pakistan, not all coming from refineries in Pakistan, some are imported refined oil already

 

[Azadkashmir]

Pakistan should do so, if many developing nations buy Russian energy so it will be difficult for Western nations, particularly USA to pressure us in buying Russian energy and commodities.

true rubles will rise it became the next petrodollar = petrorouble. this will give russia military projection power. this is why i want pak to have mir system payment added, plus start minting coins gold n silver. slowly wean off the dollar.

 

[Indos]

true rubles will rise it became the next petrodollar = petrorouble. this will give russia military projection power. this is why i want pak to have mir system payment added, plus start minting coins gold n silver. slowly wean off the dollar.

Russia is predicted to have 350 billion USD from export energy alone in this 2022. Yup since Russia forces some countries to use Rubel, there will be huge demand on Rubel along this year, while other countries can still use other currency like Yuan or others

 

[Azadkashmir]

Russia is predicted to have 350 billion USD from export energy alone in this 2022. Yup since Russia forces some countries to use Rubel, there will be huge demand on Rubel along this year, while other countries can still use other currency like Yuan or others

while with china barter can be great deal. they are world factory.

 

[TNT]

I posted this in another thread as well, but makes more sense here

Copied from SM, any merits to this theory?
In my opinion, if there was a rubble oil deal then it would not have irked the US alone but Saudia as well. Btw MBS telephoned Shehbaz and invited him to visit Riyadh at the earliest.


Nasira Javed Iqbal (Daughter-in-law of Allama Sir Muhammad Iqbal and retired judge of LHC):
I will tell you what crime you committed Dear IK. I have been asking why IK had to be removed immediately rather than wait for 16 months to complete the term. So here is the answer.
To understand this first let’s cover two concepts

1) What is Petrodollar. It’s an agreement signed between King Faisal and President Nixon in 1974.
Saudi responsibility was to convince all OPEC countries to sell oil in US dollars and not accept any other currency or gold. All proceeds from sale will be deposited in US banks or Federal Reserve. (Then there is a lengthy formula how the OPEC county do withdrawals. We can go over it some other time) This increase the demand for USD because for any country to buy oil they first have to buy USD. This arrangement keeps USD strong.

In return Saudi currency was pegged at 1 USD = 3.75 SR, the Saudi economy may do good or bad the conversation rate will remain same. They will not face devaluation. Second US guaranteed that House of Saud will remain in power, no regime change.
US responsibility was to make sure none of the opec countries opt out of this arrangement. Iraq and Libya renegade and we all know what happened.

2) What is Indian rupee-ruble trade singed between India and Soviet Union (subsequently Russia) of 1953.
For Indian purchases from Russia they will pay in Indian Rupee. This increases the demand for Indian rupee and the currency remain strong.
For Russian purchases from India they will pay in Ruble. This increases the demand for ruble and the currency remain strong.
An Indian bank will open a branch in Russia and a Russia bank will open a branch in India to facilitate trade. There are safeguards built in so neither country do not cheat (we can go over these some other time).

This arrangement bypasses SWIFT. Please note, it is very important to understand that this deal occurred in 1953 before the petrodollar deal in 1974.

IK was the first Pakistani PM to do a Pakistani Rupee-Chinese Yuan deal in 2019. This deal covered semiconductor, transformers, broadcasting equipment. US was not happy, but let it go because it never included oil.

IK was in the process of doing a Pakistani Rupee-Russia Ruble deal for oil in 2022. Remember Petrodollar deal is dated 1974. This is a no, no. US cannot accept this because if other countries follow suit USD will weaken and US economy will come down to EU level. No more superpower.

If IK would have succeeded in doing within next 16 months, even at the expense of loosing the next election Pakistan would have come out of slavery. Hence he had to be removed immediately. He left US no choice.

IK should be thankful that he is not sitting with Saddam Hussain and Qadhdhafi in heaven. US has given him a second chance, but if he is determined not to avail then only God knows what will happen to him or Pakistan.

If IK is successful in getting this through in his second term, this constant devaluation of Rupee (1 USD = 180 PKR) will stop, Pakistan will start paying IMF and conversion rate recover.

Pakistan is at a crossroads:
Can end up with Iraq & Libya
Can end up with Sri Lanka
Can end up with freedom.

There is no doubt the US will do everything to save USD and its hegemony. What enrages us and broke our heart is the very institution that is supposed to save Pakistan ended up being a lackey of US.
Hamey apno ney loota, ghairo mey kaha dam tha...

As IK said in karachi jalsa... I was the PM then who were they asking to remove the PM?? These hidden snakes need to be exposed now and their role eliminated.

 

[OverandOut]

The deal looks very similar to what India got. ( They proved themselves as a strong and sovereign country not infested with Traitors and sellouts).

Coupled with oil refinery investment and gas pipeline deal.

This would have solved nearly all our problems in this sector as well as helped us save a lot of forex.

30% is no joke in energy sector. It was a deal of a lifetime for a country like Pakistan. ( Much much more valuable than GSP + status).

IK announced slashing oil prices just after visiting Russia and if you had an ounce of brain cell you could easily connect the dots and surely enough this deal comes to light.
Russian will always wish for Pakistan to be on its side and she knows that this would be a severe blow to American interest.
On pdf though, even the senior members were like IK has lost it and he’s gonna deplete our reserves.
And not surprisingly, combined with the IK self respecting stance was just too much and so he was ousted that too wih support from army, ppp, plmn and the whole lot!!! Now you say they are Patriotic!!?
Jo be esa kehey uspe tars khao aur kaho timharay hal pe mera dil rota hai ke tum etnay andhey ho. Aur ager isi haal main tum humain nuksan pohncao aur hum tumhary khilaf na chalin?
I mean iraq and libiya tried the same deal but they got wreaked. Surprisingly IK hasn’t seen the same fate as saddam and gaddafi or indeed not so surprising that Allah has a plan.
IK life is definitely in danger but im sure he only fears Allah.
Obviously if something were to happen then as you say,”tatti panhaky pe lagay gi.”

 

[AZADPAKISTAN2009]

It is yet to be seen how China will view this "KALA coat " actions in long term interest of CPEC