Minister of State for Energy Mossadegh Malik says that Pakistan will buy one-third of its fuel from Russia.
Speaking at the event in Karachi, Mossadeq Malik said that when you protect the local industry, it brings cheaper products to the market.
The Minister of State said that the automobile industry has been protected for 50 years, but we cannot even export the wheel or the indicator light of the vehicle. If we impose 200% duty on the imported vehicle, then the local market vehicle is sold.
The federal minister said that the secret of the success of the country is hidden in the productivity, we have not done anything for the country in 70 years, what does Pakistan export? Pakistan does not have the sting in any single thing.
Mossadegh Malik said that we give cheap gas from Saudi Arabia and Bahrain to our fertilizer sector. 600 billion factories were set up in Pakistan by taking advantage of the cheap loan scheme, but we do not have gas to run these factories.
The federal minister said that we have abolished the circular date of local gas, we have made separate tariffs for the rich and the poor in the gas sector, the rich will pay four times more than the bill for the same gas.
The Minister of State said that in 40 days, a cheap fuel deal will be made with Russia, Pakistan will buy one-third of its fuel from Russia.