Karachi May 17 2023: Pakistan has finalized refinery policy to lure investment of USD 12-14 billion for installation of new refineries in Pakistan to overcome energy shortages says Senator and Minister of State for Petroleum Dr. Musadik Malik.
“Government is going to unfold details of new refinery policy in few days when political tension ease” says the minister.
The benefit of purchasing Russian oil at discount to international prices will be passed on to the masses. Government is also in favor of petrol subsidy scheme but this has not been welcomed by the international agencies. Government is still persuading international agencies for its implementation but till then it has been deferred.