The recent decline in oil prices at international level augurs well for Pakistan’s economy which spends $15 billion on oil import. Currently oil prices are $47 per barrel and as reported, in good news Government has succeeded in an arrangement with Saudi Arabia, who will sell us oil at $40 per barrel. This much decline in oil prices will almost half the import expenditure and will give our economy enough of saved money to be utilised in other profitable, productive and development projects. It is hoped that Government will keep doing its sincere efforts to make best of beneficial opportunities at international level for growth of economy and betterment of our country.

FARVAT MALIK,

Lahore, January 15.