Islamabad: A high-level delegation from Russia including minister for energy will reach Pakistan today to attend 8th session of Pakistan Russia Inter-Governmental Commission (IGC) on Trade, Economic, Scientific and Technical cooperation to be held on January 18-20 here.

Delegation will negotiate on discounted oil and liquified natural gas deals during their visit, sources informed. Report said that purchase of crude oil and petroleum products at 30 percent discount from Russia will be discussed and talks on purchase of gas will also be held.

If Pakistan is able to secure deals at discounted rates, this would allow cash-strapped country save to tune of $ 2 billion on an annual basis, report added.

Russian delegation will be headed by its Minister for Energy, N G Shulginov while Minister for Economic Affairs Sardar Ayaz Sadiq will lead Pakistani team.

Technical teams of both countries will discuss matters related to trade and investment, agriculture, energy, Customs, industry, education, science and technology, information and communication technologies, communication (roads and postal service), railways and finance.

Published in The Daily National Courier, January, 17 2023

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