June 11 (Reuters) - Pakistan's Prime Minister Shehbaz Sharif on Sunday said the first cargo of discounted Russian crude oil arranged under a new deal struck between Islamabad and Moscow had arrived in Karachi.
"Glad to announce that the first Russian discounted crude oil cargo has arrived in Karachi and will begin oil discharge tomorrow," Sharif tweeted.
loading"This is the first ever Russian oil cargo to Pakistan and the beginning of a new relationship between Pakistan and Russian Federation," he added.
The discounted crude offers a relief to Pakistan, which is facing a payments crisis and is at risk of defaulting on its debt.
The country's imports of crude are expected to reach 100,000 barrels per day after the first cargo arrives on Monday.
Persons:
Shehbaz Sharif, Sharif, Shubhendu Deshmukh, Jan Harvey, Ros Russell
Organizations:
Pakistan's, Sunday, Russian Federation, Reuters, Energy, Thomson
Locations:
Islamabad, Moscow, Karachi, Pakistan, Russian, Russia, India, China, Ukraine, Afghanistan, Iran, Rishab, Bengaluru, Shahid