Kuwait Extends Oil Credit Facility for Pakistan for Two More Years

Islamabad: Kuwait has extended its oil credit facility for Pakistan for an additional two years, as communicated by Kuwait’s Ambassador to Pakistan during a meeting with Minister for Petroleum Ali Pervaiz Malik in Islamabad. The Minister for Petroleum expressed gratitude to Kuwait for this special concession, which is provided by Kuwait Petroleum to Pakistan State Oil (PSO).

According to Radio Pakistan, the meeting between the Kuwaiti Ambassador and the Minister for Petroleum also included discussions on strengthening bilateral cooperation in the energy sector. Minister Malik highlighted Prime Minister Shehbaz Sharif’s appreciation for the people and leadership of Kuwait, acknowledging the support from Kuwait as crucial for the structural reforms enacted by the Prime Minister.

The Kuwaiti Ambassador commended Pakistan’s significant economic progress under Prime Minister Sharif’s leadership, noting improvements in economic stability and the investment climate. He expressed confidence in Pakistan’s growth trajectory and reaffirmed Kuwait’s commitment to deepening economic and energy partnerships between the two nations.

Minister Malik thanked the Ambassador for Kuwait’s ongoing support and emphasized Pakistan’s dedication to fostering stronger ties with Gulf nations, especially in energy and trade. The meeting concluded positively, with both parties agreeing to build upon the strong relationship between Pakistan and Kuwait.