Kuwait approves two-year oil credit for Pakistan in energy partnership boost

Kuwait approves two-year oil credit for Pakistan in energy partnership boost

Kuwait has extended its oil credit facility to Pakistan for an unprecedented two years, marking a deepening of bilateral cooperation in the energy sector. The announcement was made during a meeting between Kuwaiti Ambassador Nassar Abdulrahman J Almutairi and Pakistan's Federal Minister for Petroleum Ali Pervaiz Malik in Islamabad on Wednesday. According to a statement from the Petroleum Division, this is the first time Kuwait has granted Pakist…

PSO Set to Receive Major Payment as Government Moves Forward with Circular Debt Clearance Plan

Karachi April 18, 2025: In a significant move towards resolving the country’s longstanding power sector circular debt, the Central Power Purchasing Agency Guarantee Limited (CPPA-G) has signed a term sheet with a consortium of banks to raise PKR 1.25 trillion. This financial arrangement is expected to benefit major energy sector stakeholders, with Pakistan State Oil (PSO) among the primary recipients. According to data compiled by Optimus Capita…

Pakistan secures two-year extensions on Kuwait oil credit facility

Kuwait has extended its oil credit facility to Pakistan for an additional two years, reinforcing Pakistan’s energy security and demonstrating strong support amid the country’s ongoing economic reform efforts. The announcement was made following a meeting on Wednesday between Pakistan’s Federal Minister for Petroleum, Ali Pervaiz Malik, and Kuwaiti Ambassador Nassar Abdulrahman J. Almutairi. Minister Malik welcomed the decision and expressed appr…

PSX Regains Momentum As Fitch Upgrade, Oil Slide Lift Sentiment - Pakistan Live News

Broker is busy in trading at Pakistan Stock Exchange (PSX) in Karachi on Thursday, April 3, 2025. — PPI The bourse regained its bullish momentum on Thursday, reversing the previous session’s losses as investors responded positively to a series of economic developments, including Fitch’s credit rating upgrade and falling global oil prices. The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index surged to an intraday high of 117,216.02, gainin…

Kuwait Extends Oil Credit Facility to Pakistan for Two Years, Strengthening Energy Ties – Pashto News and Current Affairs Channel

ISLAMABAD: Kuwait has officially extended its oil credit facility to Pakistan for another two years, providing essential support to the country’s energy sector and economic reforms. The announcement came during a meeting held on Wednesday in Islamabad between Petroleum Minister Ali Pervaiz Malik and Kuwaiti Ambassador Nassar Abdulrahman J Almutairi, as reported by The News. Minister Malik warmly welcomed the decision and expressed sincere thanks…

Kuwait renews oil credit facility for Pakistan with extended two-year support - Islamabad Post

ISLAMABAD, APR 17 (DNA): Kuwait has extended its oil credit facility to Pakistan for another two years, offering crucial support for the country’s energy needs and economic reforms. The decision was confirmed during a meeting between Petroleum Minister Ali Pervaiz Malik and Kuwaiti Ambassador Nassar Abdulrahman J Almutairi in Islamabad on Wednesday, The News reported. Minister Malik welcomed the extension and expressed gratitude for Kuwait’s con…