UAE halts sales of Naphtha from Pakistan after getting cosy with India

[abhay]

UAE halts sales of Naphtha from Pakistan after getting cosy with India

• Business
• Khawaja Daud
• September 1, 2015 3:36 pm

ISLAMABAD (Staff Report) The United Arab Emirates (UAE) has stopped purchasing Petroleum Naphtha from Pakistan after a $80 billion deal with India, Trade Minister Khurram Dastagir has confirmed.

UAE and India have recently spread their tie-up in the energy sector as well as the petroleum sector.

It has resulted in decline of exports and increase in trade deficit. However, we are exporting several other items to UAE, the minister told the Pakistani media on Tuesday.

According to the ministry, petroleum group and coal had a share of 1.8 per cent in exports in July, with a total of three billion rupees.

Last year, Pakistan exported 3490 metric ton petroleum crude worth 320 million while 9425 MT Excel Top Naphtha was exported for Rs920m and 9900 MT Petroleum Top Naphtha for Rs970m.

During the first month of this fiscal, Petroleum Crude of more than Rs2 billion was exported to UAE but only 7117 MT Excel Top Naphtha worth Rs580m could be exported due to 36 per cent decline in exports.

The export of Top Naphtha has reduced to absolutely zero.

http://en.dailypakistan.com.pk/busi...-from-pakistan-after-getting-cosy-with-india/

 

[JuanM67]

It is about time we treat these sodomite kingdumb of child molesters with extreme prejudice. They oppose Gwadar port, now being friendly with the terrorist Endian modi, we must retaliate.

These gas station owners need to be brought down to Earth. Traitor to their heritage, pimps of Americans.

 

[abhay]

 

[Vitamin_C]

​Its a non issue.

 

[kingkong71]

It is about time we treat these sodomite kingdumb of child molesters with extreme prejudice. They oppose Gwadar port, now being friendly with the terrorist Endian modi, we must retaliate.

These gas station owners need to be brought down to Earth. Traitor to their heritage, pimps of Americans.

You are 110% right, the law and order situation in Baluchistan is created by the nexus of India and UAE, they are against Gawadar because if Gawadar gets the business, Dubai will lose huge amount of business, and who thinks that these power hungry Arabs are friends of Muslims.

 

[Will_Bite]

It is a knee jerk small scale reaction to Pakistan's no to participation in Yemen, nothing else.

Pakistan simply needs to broaden its manufacturing sector, and capitalize on its new found friendship with Russia, as Russia is a far far far bigger market than all of middle east combined. India is getting cozy with the middle east by default.

 

[Kamboz]

These arrogant shepherds don't think of us as humans. I had a few encounters while passing through Dubai and the attude of the guy at the immigration counter absolutely arrogant.