ISLAMABAD – Prime Minister Imran Khan is likely to bag $4 billion deal forPakistan from Qatar.
PM Khan is on a visit to Qatar and is expected to request the authoritiesto supply $4 billion worth of liquefied natural gas (LNG) on deferredpayment and decrease the rate of the commodities.
The premier who is on a two-day official visit to Doha is expected to askthe authorities to extend deferred payment for one year, a governmentofficial said, reports an English daily.
Moreover, the PM is likely to request a concessional loan similar to theone provided by the United Arab Emirates and Saudi Arabia to bolster thecountry’s dwindling foreign exchange reserves.
The previous PML-N administration had reached an agreement with Qatar for asupply of LNG which recommended a revision in prices after a duration often years.
At that time, the policymakers were told to review the price of LNG afterfive years, but the suggestion was rebuffed.
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The agreement between Qatar and Pakistan is on a government-to-government(G2G) basis and was reached without conducting a bidding process.
The ruling Pakistan Tehreek-e-Insaf (PTI) government has severelycriticized the deal reached by the previous PML-N administration.
PM Khan is expected to ask Qatar for renegotiating the price and match itwith reached with Italian company ENI, which could result in $4 billionsaving in the total duration of the contract.
