Pakistan to get furnace oil at half price
Updated at 2345 PST Saturday, February 12, 2011
KARACHI: Kuwait Petroleum is exporting 1 million ton furnace oil to Pakistan State Oil (PSO), charging 50 percent (approx) less premium for it and under the deal the first ship has already arrived in Pakistan, Geo News reported Saturday.
Kuwaiti Consul General Nasir Al-Mutairi talking to Geo News said the furnace oil will be supplied in a period of one year and then the deal could be extended for a longer period.
He said all the details of the agreement have finalized and it will soon be inked.http://thenews.jang.com.pk/NewsDetail.aspx?ID=11059
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Pakistan To Get Furnace Oil At Half Price
Started by
Tarbela
, Feb 12 2011 03:05 PM
11 replies to this topic
#1
Tarbela
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Posted 12 February 2011 - 03:05 PM
#2
must7
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Posted 13 February 2011 - 11:53 PM
Bravo ... more zakat ka maal coming our way 
, so that we can stay hooked on kundas !
, so that we can stay hooked on kundas !
#3
aziqbal
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Posted 14 February 2011 - 06:16 AM
Chalo lets see what this brings more poverty for the poor i guess
no one ever gets rich by living on handouts
no one ever gets rich by living on handouts
"The mosques are our barracks, the minarets our bayonets, the domes our helmets, and the believers our soldiers"
Recep Tayyip Erdogan, Davos Switzerland
Deeper than the oceans higher than the mountains
China-Pakistan Allied Forces brothers In Arms
'Shaheen teri parwaaz sey jalta hai zamana, Tu bazo-e-par sey issey aur hawa dey'-------JF17 Thunder
Know O Muslims, you have never seen a army of Rome as you see now, if Allah defeats them by your hand they shall never again stand against you
be steadfast in battle and defend your faith, beware of turning your backs on ur enemy for then your punishment will be the fire
be watchful and steady in ur ranks, and do not attack until i give the order
Battle of Ajnadayn-Khalid Bin Waleed
Recep Tayyip Erdogan, Davos Switzerland
Deeper than the oceans higher than the mountains
China-Pakistan Allied Forces brothers In Arms
'Shaheen teri parwaaz sey jalta hai zamana, Tu bazo-e-par sey issey aur hawa dey'-------JF17 Thunder
Know O Muslims, you have never seen a army of Rome as you see now, if Allah defeats them by your hand they shall never again stand against you
be steadfast in battle and defend your faith, beware of turning your backs on ur enemy for then your punishment will be the fire
be watchful and steady in ur ranks, and do not attack until i give the order
Battle of Ajnadayn-Khalid Bin Waleed
#4
Tipu-786
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Posted 14 February 2011 - 06:40 AM
gov will get on 50% and will it go to end user with 35- 50% less value or
Dedicated to neighboring india specially hindu's :
www.youtube.com/watch?v=XAnyRGy2iU4
" World peace solution is to cut India down to size!!"
#5
aziqbal
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Posted 14 February 2011 - 07:07 AM
Tipu goverment gets 99% whats left is thrown in the bin
people get 0%
and top of that Mr 10% takes his share from the people so infact they will end up giving back more so its loss not even gain
Mr 10% likes to charge Zardari tax and duty on all products even his prostitutes, I am suprised why at Islamabad airport why its called "duty free" it should be called "Zardari tax" even although the Islamabad duty free looks like a 1960s run down back ally corner shop
Zardari should be executed at by firing sqaud
people get 0%
and top of that Mr 10% takes his share from the people so infact they will end up giving back more so its loss not even gain
Mr 10% likes to charge Zardari tax and duty on all products even his prostitutes, I am suprised why at Islamabad airport why its called "duty free" it should be called "Zardari tax" even although the Islamabad duty free looks like a 1960s run down back ally corner shop
Zardari should be executed at by firing sqaud
"The mosques are our barracks, the minarets our bayonets, the domes our helmets, and the believers our soldiers"
Recep Tayyip Erdogan, Davos Switzerland
Deeper than the oceans higher than the mountains
China-Pakistan Allied Forces brothers In Arms
'Shaheen teri parwaaz sey jalta hai zamana, Tu bazo-e-par sey issey aur hawa dey'-------JF17 Thunder
Know O Muslims, you have never seen a army of Rome as you see now, if Allah defeats them by your hand they shall never again stand against you
be steadfast in battle and defend your faith, beware of turning your backs on ur enemy for then your punishment will be the fire
be watchful and steady in ur ranks, and do not attack until i give the order
Battle of Ajnadayn-Khalid Bin Waleed
Recep Tayyip Erdogan, Davos Switzerland
Deeper than the oceans higher than the mountains
China-Pakistan Allied Forces brothers In Arms
'Shaheen teri parwaaz sey jalta hai zamana, Tu bazo-e-par sey issey aur hawa dey'-------JF17 Thunder
Know O Muslims, you have never seen a army of Rome as you see now, if Allah defeats them by your hand they shall never again stand against you
be steadfast in battle and defend your faith, beware of turning your backs on ur enemy for then your punishment will be the fire
be watchful and steady in ur ranks, and do not attack until i give the order
Battle of Ajnadayn-Khalid Bin Waleed
#6
Baaz
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Posted 18 February 2011 - 03:31 AM
QUOTE (Tarbela @ Feb 12 2011, 04:05 PM) <{POST_SNAPBACK}>
Pakistan to get furnace oil at half price
Updated at 2345 PST Saturday, February 12, 2011
KARACHI: Kuwait Petroleum is exporting 1 million ton furnace oil to Pakistan State Oil (PSO), charging 50 percent (approx) less premium for it and under the deal the first ship has already arrived in Pakistan, Geo News reported Saturday.
Kuwaiti Consul General Nasir Al-Mutairi talking to Geo News said the furnace oil will be supplied in a period of one year and then the deal could be extended for a longer period.
He said all the details of the agreement have finalized and it will soon be inked.http://thenews.jang.com.pk/NewsDetail.aspx?ID=11059
Updated at 2345 PST Saturday, February 12, 2011
KARACHI: Kuwait Petroleum is exporting 1 million ton furnace oil to Pakistan State Oil (PSO), charging 50 percent (approx) less premium for it and under the deal the first ship has already arrived in Pakistan, Geo News reported Saturday.
Kuwaiti Consul General Nasir Al-Mutairi talking to Geo News said the furnace oil will be supplied in a period of one year and then the deal could be extended for a longer period.
He said all the details of the agreement have finalized and it will soon be inked.http://thenews.jang.com.pk/NewsDetail.aspx?ID=11059
Guy's
Read the above properly. It says 50% reduction in the 'premium' and NOT the price of oil. So the saving is not that much.
#7
Tarbela
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Posted 18 February 2011 - 09:28 AM
QUOTE (Baaz @ Feb 18 2011, 04:31 AM) <{POST_SNAPBACK}>
Guy's
Read the above properly. It says 50% reduction in the 'premium' and NOT the price of oil. So the saving is not that much.
Read the above properly. It says 50% reduction in the 'premium' and NOT the price of oil. So the saving is not that much.
What does that mean.
I think 50% of the market value, not concessional rates. right,,,
#8
ISI2003
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Posted 18 February 2011 - 11:25 AM
QUOTE (aziqbal @ Feb 14 2011, 07:16 AM) <{POST_SNAPBACK}>
Chalo lets see what this brings more poverty for the poor i guess
no one ever gets rich by living on handouts
no one ever gets rich by living on handouts
Pakistan; with aspirations for greatness, but the political/economic system of a perpetually third world nation
relief is good, if its just gonna help you out, not be the mainstay of the survival
does Pakistan have a vision of development, for the next 30 years; great nations, IMHO, all have such a plan, and those that don't get caught up in the turmoil of crisis after crisis
50 years ago, japan had economic and political disputes within
but they forged a social contract with its people
now look at them, the longest living, per capita one of the highest living standards
here is a good documentary on "Japan Inc."
http://www.youtube.com/watch?v=HUi_6_z-6Gc
"The most excellent Jihad is that for the conquest of self." (Bukhari)
"Acquire knowledge, it enables its prosessor to distinguish right from wrong; it lights the way to heaven. It is our friend in the
desert, our company in solitude and companion when friendless. It guides us to happiness, it sustains us in misery, it is an ornament amongst friends and an armor against enemies." (widely attributed to the Prophet Mohammed (pbuh))
"Acquire knowledge, it enables its prosessor to distinguish right from wrong; it lights the way to heaven. It is our friend in the
desert, our company in solitude and companion when friendless. It guides us to happiness, it sustains us in misery, it is an ornament amongst friends and an armor against enemies." (widely attributed to the Prophet Mohammed (pbuh))
#9
Tarbela
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Posted 06 March 2012 - 08:55 AM
Iran is offering deffer payment for oil.
#10
tank131
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Posted 14 March 2012 - 08:50 PM
It is not actually zakat...it is much sadder than than. This is the payment for Pak Army becoming the mercenary of the Arab Kings. It is the $$$ of the west and the iron fist of the Pakistani Army which has kept the leaders in Bahrain in power this last year, it is these acts for which Pakistan gets the premium. Its the annual pay of the mercenary servant.
#11
Caesar
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Posted 16 March 2012 - 04:28 AM
tank131, on 14 March 2012 - 08:50 PM, said:
It is not actually zakat...it is much sadder than than. This is the payment for Pak Army becoming the mercenary of the Arab Kings. It is the $$$ of the west and the iron fist of the Pakistani Army which has kept the leaders in Bahrain in power this last year, it is these acts for which Pakistan gets the premium. Its the annual pay of the mercenary servant.
Agreed. How very very sad that these fu...ing generals have turned this military into a 'Military for Rent'. When these SOBs are happy to kill their own people and collect money for it than killing foreigners is walk in the park for these bastar.ds.
Humanity's past on this planet is based on the biggest Lie in History--and the same Lie will destroy humans in future! The Truth is infront of us and yet we refuse to accept it, we refuse to see it, we refuse to listen to it. Humans are intelligent and yet the dumbest beings ever!
#12
Baaz
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Posted 06 April 2012 - 06:40 PM
tank131, on 14 March 2012 - 08:50 PM, said:
It is not actually zakat...it is much sadder than than. This is the payment for Pak Army becoming the mercenary of the Arab Kings. It is the $$$ of the west and the iron fist of the Pakistani Army which has kept the leaders in Bahrain in power this last year, it is these acts for which Pakistan gets the premium. Its the annual pay of the mercenary servant.
This is complete bulls****. Grow up......
What they are talking about is 50% of the PREMIUM not the price of the furnace oil. Normally, mainly developing countries, pay the market price + a premium for the oil. The amount of premium is dependant upon the quantity required and the duration of the contract ie. number of months. Countires like Pakistan only buy a small amount and take delivery once a quarter and hence are charged a premium. In this case with Kuwait, Pakistan is only buying 1 million ton over a year - this a small quantity and hence has to pay market price + Premium. Now the Kuwaiti Government has decided to reduce the premium by 50% hence we have to now pay the market price + 50% of normal Premium. The premium ranges from 2% market price to 8% depending on the quantity. For example we will pay the market price + 8% premium which has now been reduced to market price +4% premium. Now tell me what money are you talking about?????? Nobody is giving us any money.
Please stop making these silly childish comments and wasting bandwidth. There are plenty of other issues to discuss.
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