PM Shehbaz Approves $10-14 Billion Oil Refinery Project In Pakistan

Prime Minister Shehbaz Sharif Chairs High-Level Meeting to Discuss Future Strategies

Minister of State for Petroleum, Dr Musadik Malik, announced that Prime Minister Shehbaz Sharif had approved a policy to establish a $10-14 billion oil refinery in Pakistan. Malik informed the media that the proposal had been under consideration for a while, but the PM had finalized and approved it on the day. He added that this was not just a dream, but a reality that would lead to the development of a new “energy city” in the country. 

Malik also stated that the government had put an end to a policy that allowed wealthy industrialists to produce expensive electricity with cheap gas. He further added that people’s electricity would be returned to them. The minister disclosed that another scheme had been approved, which would allow LPG or LNG sellers to deliver gas to people at their doorsteps. This policy would put an end to the monopoly of housing societies’ owners on the production and sale of expensive energy to residents. 

According to Malik, the policy would create economic opportunities and promote competition in society. He also said that the government had signed a comprehensive energy conservation plan aimed at saving energy, which would be made public in the coming days. 

Read More: Pakistan Making Progress In Overcoming Economic Challenges, Says PM Shehbaz Sharif

In other news, Imran Khan, the leader of Pakistan Tehreek-e-Insaf, warned of protests if the Supreme Court’s order to hold elections was not implemented. The government has been making efforts to ensure transparent and fair elections in the country. 

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