پاکستانی آئل ریفائنریز 6 ارب ڈالر کی اپ گریڈیشن پر متفق، توانائی کی سیکیورٹی میں اضافہ

Pakistan's five oil refineries, including PARCO and PRL, have reaffirmed commitment to sign agreements under the Refinery Upgradation Policy early next month, unlocking approximately USD 6 billion in investment. This upgrade aims to enable domestic production of Euro 5-compliant fuels, reducing reliance on imported petrol and diesel and strengthening the country's energy security. The government emphasizes timely implementation to modernize the sector and facilitate investments. This significant investment could improve Pakistan's balance of payments by reducing fuel imports, potentially offering long-term support for the Pakistani Rupee against the US Dollar and influencing local gold prices.

بحوالہ / Source: www.brecorder.com