Diesel imports in September cost $140 million
Islamabad: Despite having excess oil reserves that provide a 45-day supply, Pakistan is expected to see an outflow of $140 million due to the import of high-speed diesel (HSD) scheduled for September. According to sources, importing 50,000 metric tons of HSD costs an average of about $38 million. With September imports estimated at 183,000 metric tons, they will lead to an outflow of $140 million. The approval of the International Monetary Fund (IMF) loan program has already been delayed due to Pakistan’s external financing gap, so the government should be quite prudent in spending its foreign exchange reserves. The approximate


