News Snapshot:
Amidst most of the gloom shrouding the prospects of the country’s economic landscape (and of course of the unending political circus too), perhaps the only sanguine news of late came regarding the broader ‘conceptual agreements’ between Islamabad and Moscow about the expected import of Russian crude oil to Pakistan. Various modalities, particularly regarding the mode of payment in the ‘currencies of friendly countries’, most probably in Chinese RMB, are still to be finalized along with matters concerning insurance, logistics and overall volume and the extent of discount Moscow can offer. After a “consensus on the technical specification [is] achieved, the...
