Revised Pakistan Oil Refining Policy on the cards
The Cabinet Committee on Energy (CCoE) is all set to consider revised Oil Refining Policy 2021, along with incentives proposed by the Petroleum Division. Back on September 13, 2021, the CCoE in its meeting considered the summary submitted by the Petroleum Division, and has approved the Pakistan Oil Refining Policy. According to the meeting, PD […]
132KV line for Gawadar’s Power demands
Federal Minister of planning Development and special initiatives Asad Umar held the 4th meeting of Pak- China relations steering committee under his chairmanship in which he was informed about the fact that an initial 132 KV line was being constructed to meet the power related needs of Gawadar. The problems experienced by the investors in […]
Rs100 billion investment expected by the Central Business District
The Prime Minister Imran khan was informed that an investment of approximately a 100 billion rupees is expected by the central business district during a meeting related to the Ravi Urban Development Authority and the CBD projects under construction in Lahore. Prime Minister Imran khan also highlighted the significance of green spaces to be produced […]
Plan to convert FOTCO to fuel Jetty
Since Pakistan imports around 19 million tons of crude oil and petroleum products annually and all these imports are planned at the two ports of Karachi i.e. KPT and PQA/FOTCO. Keeping these localities over observation, the Petroleum Division has reportedly proposed conversion of FOTCO to a purely furnished products/fuels jetty along with the shifting of […]
OMAP to settle all the balls at federal court
A letter encoding the appeal to allow procuring oil products both from local refineries (as per allocated quota) and international market has been written to the PM by Oil Marketing Association of Pakistan (OMAP). In the letter written by Chairman OMAC Tariq Wazir Ali, has informed the federal government about that the high-volume business cannot […]