11-24-2008, 02:46 PM
<b>Pakistan not keen on Saudi oil facility</b>
<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->ISLAMABAD : Pakistan is less enthusiastic about the Saudi oil facility because the drastic drop in oil prices in the international market has eased pressure on the countryâs forex reserves. âThe unbearable pressure on Pakistan, with its foreign reserves plummeting extremely low, has evaporated due to the huge fall in oil prices,â a senior official told The News on Sunday.
He recalled the time when Pakistan was paying around $1,800 million for its monthly oil import bill and one barrel was costing as much as $144. Now the country is paying just $800 million a month for the same, according to a source, who argued the price decline had taken off the pressure on Pakistan<!--QuoteEnd--><!--QuoteEEnd-->
Pakistani spin on "Saudi Refusal!"
Cheers <!--emo&:beer--><img src='style_emoticons/<#EMO_DIR#>/cheers.gif' border='0' style='vertical-align:middle' alt='cheers.gif' /><!--endemo-->