Kuwait has extended its oil credit facility to Pakistan for an additional two years, reinforcing Pakistan’s energy security and demonstrating strong support amid the country’s ongoing economic reform efforts.
The announcement was made following a meeting on Wednesday between Pakistan’s Federal Minister for Petroleum, Ali Pervaiz Malik, and Kuwaiti Ambassador Nassar Abdulrahman J. Almutairi. Minister Malik welcomed the decision and expressed appreciation for Kuwait’s continued assistance, noting that support from Kuwait and other allied nations has played a crucial role in Pakistan’s economic stabilization efforts.
Ambassador Almutairi confirmed that the Kuwait Petroleum Corporation has extended the facility—provided to Pakistan State Oil (PSO)—for a further two years.
The credit arrangement enables Pakistan to import oil from Kuwait on deferred payment terms, alleviating short-term financial strain on the national economy. Previously renewed on an annual basis, the new two-year extension marks a notable enhancement of the long-standing energy cooperation between the two countries.
Pakistan currently imports approximately two million tons of oil annually from Kuwait, positioning the Gulf nation as a major energy supplier to the country.
