Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Business

KSA gave $2b oil for free after nuclear tests: Pakistan buys oil from S Arabia, Gulf states on int’l price, says Dar

byCustoms Today Report
17/04/2015
in Business
Share on FacebookShare on Twitter

ISLAMABAD: Refuting the speculations, Federal Finance Minister Ishaq Dar has said that Saudi Arabia does not give Pakistan free oil, adding, “We buy oil from Saudi Arabia and Gulf states, including United Arab Emirates, Kuwait and Oman, on international price.”

While giving an interview to BBC, Ishaq Dar said only once in history Saudi Arabia gave free oil worth $2 billion and that was after Pakistan’s nuclear tests. He said that attack on Saudi Arabia will be considered attack on Pakistan and then Islamabad would have no option except practically getting involved in the war. He said that Prime Minister Nawaz Sharif, taking initiative, visited Turkey and also asked the Iranian Foreign Minister to bring the Houthis on negotiation table.

You might also like

LPG prices rise sharply as OGRA sets October rates

01/10/2026

McDonald’s Pakistan celebrates 28 years, recognises partners

30/09/2026

Talking about Pakistan’s current role in Yemen conflict, he said that Pakistan is providing intelligence and logistic support to Saudi Arabia which is also being provided by Turkey, Britain and America. He brushed aside the impression that Pakistan’s decision of not sending its troops to Yemen would damage Islamabad’s relations with Gulf States.

Brushing aside the rumours about Saudi Arabia’s secret help in Pakistan’s nuclear and defence project, Dar said Riyadh provided Islamabad no secret help. “Saudi Arabia gave us free oil of $2 billion after nuclear tests and we are always grateful to this favour,” he said, adding that Saudi Arabia also gifted $1.5 billion after PML-N government came into power in 2013.

Related Stories

LPG prices rise sharply as OGRA sets October rates

byCT Report
01/10/2026

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has announced a significant increase in liquefied petroleum gas (LPG) prices for...

McDonald’s Pakistan celebrates 28 years, recognises partners

byCT Report
30/09/2026

ISLAMABAD: McDonald’s Pakistan has marked 28 years of operations in the country by recognizing the local businesses and organizations that...

SECP proposes higher borrowing limits for microenterprises & housing loans

byCT Report
29/09/2026

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has proposed raising the maximum loan limit for microenterprise and housing...

Attock Refinery plans new 50,000 bpd deep-conversion refinery alongside $600m upgrade

byCT Report
28/09/2026

ISLAMABAD: Attock Refinery Limited (ATRL) is considering setting up a new 50,000 barrels-per-day (BPD) deep-conversion refinery alongside its planned $600...

Next Post

Sony Xperia Z2, Xperia Z2 Tablet to get Android Lollipop Update soon

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.