Forget the complete lack of dignity that Islamabad has embraced by reducing its role to that of a watchdog, in exchange for petrodollars
, these services blatantly contradict Pakistan's own interests.
The U.S.-Saudi economic arrangement came to be known as the petrodollar
For decades, almost every corner of the economy has depended on lavish flows of petrodollars
, so the austerity is bad news for Saudi corporate earnings.
But the foreign ministry official insisted that Iran, pursuing its policy of economic resistance, is planning to rely less and less on petrodollars
That means we're still at risk, he said, adding that petrodollars
or foreign inflows from oil-exporting countries had been partly driving the local market in recent years.
Saeidi said all the new vessels will be operational by 2020 and that the funds for purchasing them will be provided from billions of petrodollars
that have been frozen in international banks and are expected to be released once the sanctions are lifted.
Those measures -- which finally brought Iran to the table to discuss curbs to its nuclear work -- cut its exports by more than half and cost it billions a month in lost petrodollars
The president assured all Iranians that his administration "is able to run the country properly at this oil price." He said falling prices would help the government wean the country's economy off petrodollars
In June, Rouhani warned that Muslim states which funnel petrodollars
to jihadist fighters wreaking havoc in Iraq will become their next target.
The massive influx of petrodollars
into the GCC throughout the decade created a seismic shift in power for global finance.
TEHRAN - Iran's President Hassan Rouhani warned on Sunday that Muslim states which funnel petrodollars
to jihadist Sunni fighters wreaking havoc in Iraq will become their next target.Rouhani did not name any country, but officials and media in mainly Shiite Iran have hinted that insurgents from the Islamic State in Iraq and the Levant (ISIL) are being financially and militarily supported by Saudi Arabia and Qatar."I advise Muslim countries that support the terrorists with their petrodollars
to stop," Rouhani said in remarks reported by the website of Iran's state broadcaster."Tomorrow you will be targeted...