A delegation comprising government officials and Pakistani businessmen reached Russia on Tuesday to buy oil at a lower price.

According to a private news channel report, the delegation led by the Federation of the Pakistan Chamber of Commerce and Industry (FPCCI) President Irfan Iqbal will participate in the Saint Petersburg World Economic Summit in which Russian President Vladimir Putin will be the chief guest.

The channel reported that three to four representatives of the Pakistani government are also included in the delegation which reached Moscow on June 14.

The reports suggest that the delegation will try to buy Russian crude oil at lower rates for private companies, as was offered to the previous government led by former Prime Minister Imran Khan.

The Pakistan Tehreek-e-Insaf (PTI) Chairman has said on several occasions that his government was going to buy Russian crude oil at a 30 percent discounted rate before being thrown out of power through a “foreign-funded” conspiracy.


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