US Firm Proposes Refinery Modernization for Pakistan; FM Meets US Officials

US Firm Proposes Refinery Modernization for Pakistan; FM Meets US Officials

Pakistan's Finance Minister Senator Muhammad Aurangzeb met Honeywell Technologies in Washington to explore a plan for modernizing and expanding the country's refinery sector. This initiative aims to boost domestic capacity, reduce reliance on imported petroleum products, and enhance energy security. Discussions included potential financing from the US Exim Bank, DFC, and other international banks. Such improvements in Pakistan's energy sector could strengthen its economic outlook and potentially support the PKR against the USD, indirectly impacting local gold prices.

بحوالہ / Source: www.dawn.com