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PM Shehbaz to depart for Baku as Islamabad eyes LNG cargoes

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1 year ago

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  • PM’s visit comes as Pakistan aims to get LNG from Baku.
  • Premier to hold wide-ranging talks with the Azerbaijani president.
  • PM Shehbaz’s entourage would also include relevant ministers.

Prime Minister Shehbaz Sharif, invited by President Ilham Aliyev, will travel to Azerbaijan today (Wednesday) as Islamabad aims to obtain spot liquefied natural gas (LNG) deliveries from Baku.

In a recent development, Pakistan released two tenders for spot liquefied natural gas (LNG) shipments after nearly a year, coinciding with the announcement of a monthly LNG cargo agreement with Azerbaijan.

Pakistan has encountered difficulties in procuring spot cargoes of liquefied natural gas (LNG) due to its dependence on gas for power generation and limited foreign exchange reserves, aggravated by the spike in global prices resulting from Russia’s invasion of Ukraine.

Petroleum Minister Musadik Malik, on Tuesday, announced that Azerbaijan had agreed to provide Pakistan with a monthly LNG cargo at a more affordable price. Although specific details of the supply agreement were not disclosed, Malik confirmed that a contract had been signed with Azerbaijan and that the deliveries would commence in the near future.

This situation resulted in widespread power outages. However, Asian spot LNG prices have significantly declined this year, dropping from the record highs of $70/mmBtu in August to below $10.

Meanwhile, the prime minister’s entourage would also include ministers representing the priority areas of cooperation with Azerbaijan.

During his visit, the premier will hold wide-ranging talks with the Azerbaijani president on key areas of cooperation, including trade, investment, and energy.

Meanwhile, regional and global issues of mutual concern and cooperation in multilateral forums will also be discussed.

“Pakistan-Azerbaijan relationship is embedded in commonalities of faith, culture and history, and strengthened by mutual trust and convergence of views on regional and global matters,” the FO statement read.

The minister added that the frequent leadership-level exchanges highlight the bonds of friendship between the two countries and contribute to closer multifaceted cooperation for the mutual benefit of the people of Pakistan and Azerbaijan.

On the other hand, the Economic Coordination Committee (ECC) will meet today (Wednesday) with Finance Minister Senator Ishaq Dar to take up the issue of approval for the import of distressed LNG for the third time from an Azerbaijan firm SOCAR, based in the UK.

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Session of the Balochistan Assembly: The Assembly denounces recent acts of terrorism

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5 days ago

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In a resolution, the Balochistan Provincial Assembly vehemently denounced the terrorist acts on August 26.

Deputy Speaker Ghazala Gola presided over the assembly session, which took place in Quetta.

The resolution, proposed by Mir Ali Madad Jatak, vehemently denounced the despicable terrorist assaults that targeted defenseless individuals.

The Resolution required that anyone responsible for terrorist incidents face consequences from the law.

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Rana Sanaullah claims that CJP Qazi Faez Isa rejected the extension.

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6 days ago

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Neither the constitutional amendment nor the extension of the Chief Justice have the necessary number of votes. As a constitutional modification is the purview of Parliament, we ought to have done it if we had the necessary numbers.

It’s evident that CJP Qazi Faez Isa won’t take no for an answer. He said it would be acceptable to extend the age limit for everyone when he discussed this with the Attorney General and the Law Minister.

Rana Sanaullah stated that in terms of politics, they are working with Maulana Fazlur Rehman rather than supporting him.

Regarding his role in appointing the Army Chief and obtaining desired posts, Lt. Gen. (retired) Faiz Hameed has been accused. Furthermore, he is charged with utilizing PTI for these objectives. He could not have acted alone if these charges are true, according to Sanaullah; the PTI founder would have also been involved.

Continue reading: Govt promises tough action over CJP Isa smear campaign.

“WhatsApp conversations between the two on May 9th may surface after retirement, and individuals who helped them communicate may later speak out,” the statement reads.

“Former COAS Qamar Javed Bajwa never asked for an extension in our presence,” Rana Sanaullah stated in response to a query posed during the interview. It was never mentioned by Shehbaz Sharif that the former COAS had requested a delay.

In addition, he refuted reports that Ijaz Amjad, the father-in-law of Qamar Javed Bajwa, and former prime minister Nawaz Sharif met in London.

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PM meets with Interior Minister and CM Balochistan.

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2 weeks ago

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Take all necessary action to enhance Balochistan’s law and order situation, per Prime Minister Shehbaz Sharif’s directive.

During his visit to Islamabad, he spoke with Balochistan Chief Minister Mir Sarfraz Bugti and Interior Minister Mohsin Naqvi.

The PM received a thorough briefing on the security and general state of affairs in Balochistan from the Chief Minister of that province.

The prime minister spoke on the occasion, calling the terrorist assaults in Balochistan that occurred yesterday cowardly and unjustifiable.

By risking their lives, he claimed that our courageous Security Forces had thwarted the terrorists’ plans.

A directive to detect terrorists and take decisive action against them was also issued by the prime minister.

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