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Azerbaijan Ambassador offers $100 million credit to address Pakistan’s energy issues

Azerbaijan Ambassador offers $100 million credit to address Pakistan’s energy issues

ISLAMABAD (APP) – Ambassador of Azerbaijan Ali Alizada called on Federal Minister for Information and Broadcasting Chaudhry Fawad Hussain here on Friday and said that Azerbaijan was ready to offer $100 million credit to Pakistan to address its energy issues along with supplying of oil and oil products.The ambassador also showed his keen interest to […]

Azerbaijan offers Pakistan open oil credit facility

Azerbaijan offers Pakistan open oil credit facility

ISLAMABAD: Azerbaijan has offered Pakistan an open credit line of $100 million for the purchase of petroleum products without any sovereign guarantees, an offer, though small, will help ease some pressure on Pakistan’s fast dwindling foreign currency reserves.Pakistan is currently facing extensive pressure on its balance of payments and is going to negotiate a bailout package […]

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