<p data-testid="paragraph-0">Pakistan's Prime Minister Shehbaz Sharif on Sunday said the first cargo of discounted Russian crude oil arranged under a&nbsp;new deal&nbsp;struck between Islamabad and Moscow had arrived in Karachi.</p>

<p data-testid="paragraph-1">"Glad to announce that the first Russian discounted crude oil cargo has arrived in Karachi and will begin oil discharge tomorrow," Sharif tweeted.</p>

<p data-testid="paragraph-2">"This is the first-ever Russian oil cargo to Pakistan and the beginning of a new relationship between Pakistan and Russian Federation," he added.&nbsp;</p>

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<p dir="ltr" lang="en">I have fulfilled another of my promises to the nation. Glad to announce that the first Russian discounted crude oil cargo has arrived in Karachi and will begin oil discharge tomorrow.<br />
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Today is a transformative day. We are moving one step at a time toward prosperity, economic…</p>
— Shehbaz Sharif (@CMShehbaz) <a href="https://twitter.com/CMShehbaz/status/1667915539241398272?ref_src=twsrc%5Etfw">June 11, 2023</a></blockquote>
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<p>A port official said on Sunday evening that the oil was in the process of being unloaded.</p>

<p><strong>ALSO READ |&nbsp;</strong><a href="https://www.wionews.com/south-asia/pakistan-imran-khan-gets-bail-in-murder-case-says-lawyer-602350">Pakistan: Imran Khan gets bail from Islamabad high court in lawyer’s murder case</a></p>

<p data-testid="paragraph-4">Reuters first&nbsp;reported on the deal&nbsp;in April. The discounted crude offers a relief to Pakistan, which is facing a payments crisis and is at risk of defaulting on its debt.</p>

<p data-testid="paragraph-5">Pakistan's purchase gives Russia a new outlet, adding to Moscow's growing sales to India and China, as it redirects oil from western markets because of the Ukraine conflict.</p>

<p data-testid="paragraph-5"><strong>WATCH |&nbsp;Decoding Pakistan's latest budget</strong></p>

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/decoding-pakistans-latest-budget-602692/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

<p data-testid="paragraph-6">Energy imports make up the majority of Pakistan's external payments. The country's imports of crude are expected to reach 100,000 barrels per day after the first cargo arrives on Monday.</p>

<p data-testid="paragraph-7">There has been no confirmation of how payment would be made, but&nbsp;Pakistan recently announced&nbsp;a plan to allow barter trade with Russia, Afghanistan and Iran, which analysts said could reduce the need for dollars and the risk of cross-border smuggling of energy products.</p>

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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.

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. "This is the first-ever Russian oil cargo to Pakistan and the beginning of a new relationship between Pakistan and Russian Federation," he added. I have fulfilled another of my promises to the nation. Glad to announce that the first Russian discounted crude oil cargo has arrived in Karachi and will begin oil discharge tomorrow. Today is a transformative day. We are moving one step at a time toward prosperity, economic… — Shehbaz Sharif (@CMShehbaz) June 11, 2023 × A port official said on Sunday evening that the oil was in the process of being unloaded. ALSO READ | Pakistan: Imran Khan gets bail from Islamabad high court in lawyer’s murder case Reuters first reported on the deal in April. The discounted crude offers a relief to Pakistan, which is facing a payments crisis and is at risk of defaulting on its debt. Pakistan's purchase gives Russia a new outlet, adding to Moscow's growing sales to India and China, as it redirects oil from western markets because of the Ukraine conflict. WATCH | Decoding Pakistan's latest budget Energy imports make up the majority of Pakistan's external payments. The country's imports of crude are expected to reach 100,000 barrels per day after the first cargo arrives on Monday. There has been no confirmation of how payment would be made, but Pakistan recently announced a plan to allow barter trade with Russia, Afghanistan and Iran, which analysts said could reduce the need for dollars and the risk of cross-border smuggling of energy products. You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here. WATCH WION LIVE HERE

First discounted Russian crude oil cargo arrives in Karachi, says Pakistan PM

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First discounted Russian crude oil cargo arrives in Karachi, says Pakistan PM