Pakistan's Finance Minister welcomed a proposal from US Honeywell Technologies to upgrade the country's refinery sector. The initiative seeks to boost domestic refining capacity and reduce dependence on imported petroleum, addressing challenges like outdated technology and high furnace oil production. Discussions included potential financing from US EXIM Bank and DFC. This move could improve Pakistan's trade balance, potentially easing pressure on the USD/PKR exchange rate and impacting the broader economic outlook.
بحوالہ / Source: www.brecorder.com