Pakistan has formally moved out of the economic vulnerability phase and will start making payments to multilateral lenders on time while seeking bilateral debt restructuring that will help improve the timing of liquefied natural gas deliveries while the Asian nation has also just started importing cut-price Russian oil.

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Indian liquefied natural gas imports started 2023 on a brighter note with LNG deliveries increasing by almost 8 percent as falling cargo costs encouraged industrial buyers in West Asia to purchase more gas.

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Pakistan is preparing to fast-track work on the PakStream Gas Pipeline (PSGP) project that will be constructed by Russia to help deliver LNG imports received at Port Qasim near the south coast city of Karachi to the northern Pakistani province of Punjab.

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