Cabinet approves new oil refining policy; PM pushes Euro-V fuel, Gulf investment

Pakistan's cabinet has approved amendments to the Oil Refining Policy, with Prime Minister Shehbaz Sharif urging swift implementation for the Euro-V fuel rollout. The policy aims to attract investment in brownfield refinery projects, with PM Sharif ordering Gulf roadshows to promote these opportunities. This move is expected to enhance local refining capacity and reduce reliance on imported refined products. Such measures, if successful, could ease pressure on Pakistan's import bill and potentially support the Rupee against the US Dollar, indirectly influencing local gold prices.

بحوالہ / Source: tribune.com.pk