Significant cut in oil, gas prices likely after implementation of Russia deal

ISLAMABAD: The finalisation and implementation of deals achieved during the Russia-Pakistan Inter-Governmental Commission (IGC) would result in a significant reduction in the prices of oil and gas in the country.

This was shared during a meeting between Danila Ganich, Ambassador of Russia to Pakistan and Federal Minister for Economic Affairs Sardar Ayaz Sadiq, here on Wednesday.

Both sides expressed good sentiments during the meeting to each other and reaffirmed their commitment to augmenting advanced collaborations between Pakistan and Russia for the good of economies, cultural exchange and mutual assistance to achieve a significant comparative advantage.

The Minister for Economic Affairs greeted the Russian ambassador and highlighted the bilateral, economic and historic ties between Pakistan and Russia. The federal minister stated that both sides had always enjoyed outstanding bilateral relations based on mutual respect, trust and interest.

The Minister for Economic Affairs appreciated the progress achieved during IGC and shared that those deals were in the interest of both countries.

Copyright Business Recorder, 2023