ISLAMABAD - Iran has agreed to provide furnace oil to Pakistan on deferred payments for three months to help Islamabad ensure an uninterrupted fuel supply for power generation and mitigate its economic woes, sources in the Water and Power Ministry here said. The decision came at a meeting between Pakistani and Iranian officials at the Iranian embassy in Islamabad.
According to officials of the ministry Pakistan wanted the oil import facility on deferred payments over two to three years because of its balance of payment crisis. But the Iranian side said an approval from the competent authority in Teheran was needed for any such extension. Pakistan also sought an Iranian grant in the shape of furnace oil for three months and was awaiting TeheranÂ’s response.
| I rather like this. Iran gets bled some more, and the Paks squander more resources. It's a win-win situation. |
|