Bilawal Bhutto Zardari: Pakistan facing economic crisis is looking for new possibilities, Foreign Minister Bilawal Bhutto reached Russia, will talk on the issue of oil

Pakistan, described by the World Bank as South Asia’s “most vulnerable economy”, has been battling skyrocketing inflation for the past few quarters. Adding to the woes of the country is the shortfall in foreign exchange reserves, which have hit an all-time low of $3.1 billion, according to official data shared on January 28. Foreign Minister Bilawal Bhutto is on a tour of Russia amidst the deteriorating situation in Pakistan. The External Affairs Minister is on a two-day visit to the Russian Federation at the invitation of his Russian counterpart, Sergei Lavrov. On his arrival at the Moscow airport, the External Affairs Minister was received by senior officials of the Russian Foreign Ministry, Pakistan’s Ambassador to Russia Shafqat Ali Khan and embassy officials. The two foreign ministers are scheduled to meet today for official talks.

According to the Foreign Office, the Foreign Minister is visiting the Russian Federation at the invitation of his Russian counterpart, Sergei Lavrov. The two foreign ministers are scheduled to meet for official talks. The foreign minister’s visit comes almost a week after Pakistan and Russia, facing a severe economic crisis, reached an agreement on the supply of Russian crude oil and other oil products. The energy and petroleum ministers of the two countries said after a joint ministerial meeting that the two sides reached an agreement following the conclusion of the Pakistan-Russia Intergovernmental Commission on Trade, Economic, Scientific and Technological Cooperation. Pakistan will finalize the framework for the purchase of Russian oil in March this year and pay for its energy imports in the friendly currency.

Earlier, Prime Minister Shehbaz Sharif received a special message from Russian President Vladimir Putin, who views Pakistan as a key partner of Russia in South Asia and the Islamic world and calls for deepening bilateral ties as well as trade and investment. We reiterate our country’s keen interest in increasing In a special message, the Russian Energy Minister said that President Putin “referred to Pakistan as an important partner of Russia in South Asia and the Islamic world”. [और] Reiterated Russia’s strong interest in deepening bilateral ties.

foreign minister @BBhuttoZardari has arrived in Moscow on an official visit. The FM was received by senior officials of Russian Foreing Ministry, Pakistan’s Ambassador to Russia, Mr. Shafqat Ali Khan @shafqatAmbPak and officials of the Embassy.@mfa_russia @PakinRussia pic.twitter.com/JdELstMw4i

— Spokesperson 🇵🇰 MoFA (@ForeignOfficePk) January 29, 2023