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PARCO’s Coastal Oil Refinery to Enable Country Achieve Production of Petroleum Products Locally: PM

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ISLAMABAD, Dec 7 (APP):Prime Minister Imran Khan on Monday said that the completion of oil refinery project by Pak Arab Refinery Limited (PARCO) besides improving the capacity would also enable the country achieve its capability of producing oil products at local level.

He described the addition of PARCO Refinery as “good omen” for the country’s petroleum sector.

The prime minister expressed these views while presiding over a meeting about the establishment of Coastal Oil Refinery by PARCO.

Minister for Power Umar Ayub Khan, Special Assistant to PM Nadeem Babar and senior officials attended the meeting.

The meeting was told that work on the construction of terminal to be started within the next six months, the work on the establishment of refinery will be started after one year.

PM for necessary measures to bring about further improvement in power sector

Prime Minister Imran Khan on Monday stressing for all necessary measures to bring about further
improvement in power sector directed that all the stakeholders should fulfill their responsibilities within the stipulated time.

He further directed for the formulation of a system under which the subsidy was available only for the poor and deserving
people.

The Prime Minister was presiding over a review meeting regarding power sector reforms.

Federal Ministers Hammad Azhar, Senator Shibli Faraz, Asad Umar, UmarAyub Khan, Advisors Abdul Razzak Dawood, Hafeez Sheikh, Special Assistants Nadeem Babar, Tabish Gohar and senior officers were in
attendance.

The meeting was briefed in detail about the administrative matters relating to power sector, cost of power
generation and distribution system.

SOURCE: APP