HUB: Following inking of the trade agreement between Washington and Islamabad, three months ago, Pakistan received the first oil cargo of one million barrels at Cnergyico’s Single Point Mooring (SPM) facility here in Balochistan on Wednesday (29th October, 2025).
Utilising the weapon of Tariffs, President Donald Trump has been twisting arms of those countries who had been purchasing oil from Russia. He also insinuated that enriching Moscow, the buyers of crude oil were financially helping Russia to continue war against Ukraine.
“Under the agreement, there will be a reduction in tariffs, particularly on Pakistani exports to the US, and a fresh start in economic cooperation between the two countries,” the Ministry of Finance official statement had read.
“The two sides will focus on energy, minerals, information technology, cryptocurrency, and other key areas, the statement added.
Elaborating, US President Donald Trump took to the Truth Social to proclaim the Pak-US agreement. After delivering the first cargo of oil, Cnergyico has announced that the 2nd US Crude Oil Cargo would dock here on mid November, and a third one next year.
