Zardari Govt. Turns Down Uranium Deal For Pakistan
The Zardari government cited budgetary constraints to refuse uranium from Kazakhstan. But the real story is that the government has accepted aid in exchange for what appears to be a freeze on Pakistan’s advanced nuclear and strategic programs. These were Washington’s conditions. And it is part of a wider pattern.
By AHMED QURAISHI
ISLAMABAD, Pakistan—After cutting down funding for Pakistan’s strategic and nuclear programs by more than a third, the government of President Asif Ali Zardari has refused to sanction the purchase of fuel for nuclear plants, turning down a rare opportunity to buy uranium from the international market.
Pakistani officials won’t confirm the report, which is being made public here for the first time. But sometime around late 2008, interlocutors from Pakistan and Kazakhstan apparently reached an agreement under which uranium-rich Kazakhstan agreed to sell nuclear fuel to Pakistan.
A government source referred to a Central Asian nation without naming it during an off-the-record conversation. She was most probably referring to Kazakhstan.
Kazakhstan has the world’s largest reservoirs of uranium and will soon become its biggest producer. Pakistan is the world’s seventh declared nuclear power and has an ambitious civilian nuclear energy program meant to help fuel Pakistan’s economic growth. The country’s biggest stock exchange at Karachi has been one of the best performing markets in Asia for the most part of this decade, fetching high profit margins for Pakistani and foreign investors. Pakistan cannot continue growth without more energy.




