Daily Times
July 1, 2021
The Senate’s Standing Committee on Petroleum was told on Wednesday that the new oil refining policy, which mainly focused on attracting maximum investment in this sector, would soon be presented before the Federal Cabinet for its approval.
The policy would allure huge investment in the oil refining sector by offering tax rebate to the local and foreign investors for up-gradation and establishment of new deep-conversion refineries, Secretary Petroleum Dr Arshad Mahmood informed the meeting, chaired by Senator Abdul Qadir.
It was the maiden meeting of the Senate panel after its reconstitution aimed at getting a detailed briefing on working and performance of the Petroleum division and its attached departments. At the outset of the meeting, the chairman highlighted the important role of the Petroleum Division in meeting the country’s ever-growing energy needs. He called for exploring innovative means and ways to replenish the shortage of energy by steppi
Oil refining policy to be presented to cabinet soon
Senate panel told policy will attract huge investment in refining sector
APP
July 01, 2021
ISLAMABAD:
The Senate Standing Committee on Petroleum was told on Wednesday that the new oil refining policy, which mainly focused on attracting maximum investment in the sector, would soon be presented to the federal cabinet for approval.
The policy would attract huge investment in the oil refining sector by offering tax rebate to the local and foreign investors for up-gradation and establishment of new deep-conversion refineries, Petroleum Secretary Dr Arshad Mahmood informed the meeting.
The maiden meeting of the Senate panel after its reconstitution aimed to get a detailed briefing on the working and performance of the Petroleum Division and its attached departments.
New oil refining policy to be submitted before Federal Cabinet soon: Senate body dailytimes.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytimes.com.pk Daily Mail and Mail on Sunday newspapers.
A meeting of the Senate Standing Committee on Petroleum was informed that about 2.2 million people were associated with oil smuggling in Balochistan. ─ Reuters/File
ISLAMABAD: A parliamentary committee on Monday asked the government to commit a major part of savings from its drive against smuggling of petroleum products through the Iranian border worth over Rs200 billion annually to livelihood projects to avoid any unrest arising out of closure of illegal business of the people involved.
A meeting of the Senate Standing Committee on Petroleum presided over by Senator Mohsin Aziz was informed that about 2.2 million people were associated with oil smuggling in Balochistan because of limited job opportunities.