text: PM Khan is on a visit to Qatar and is expected to request the authorities to supply $4 billion worth of liquefied natural gas (LNG) on deferred payment and decrease the rate of the commodities.
  The premier who is on a two-day official visit to Doha is expected to ask the authorities to extend deferred payment for one year, a government official said, reports an English daily.
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  Moreover, the PM is likely to request a concessional loan similar to the one provided by the United Arab Emirates and Saudi Arabia to bolster the country’s dwindling foreign exchange reserves.
  The previous PML-N administration had reached an agreement with Qatar for a supply of LNG which recommended a revision in prices after a duration of ten years.
  At that time, the policymakers were told to review the price of LNG after five years, but the suggestion was rebuffed.
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  The agreement between Qatar and Pakistan is on a government-to-government (G2G) basis and was reached without conducting a bidding process.
  The ruling Pakistan Tehreek-e-Insaf (PTI) government has severely criticized the deal reached by the previous PML-N administration.
  PM Khan is expected to ask Qatar for renegotiating the price and match it with reached with Italian company ENI, which could result in $4 billion saving in the total duration of the contract.