The government is working to address major difficulties affecting the petroleum industry in order to attract more international investment in the sector, according to Deputy Prime Minister and international Minister Muhammad Ishaq Dar.
This was said by him as the chair of the committee that was established to discuss the issues facing the industrial and petroleum sectors in Islamabad during its first meeting.
The Deputy Prime Minister underlined the government’s unwavering will to do everything within its power to give foreign businesses all the facilities they require in order to draw in additional investment.
Improvements to the offshore exploration finance system were the topic of discussion during the meeting.
Concerning circular debt in the power sector, Ishaq Dar instructed the relevant authorities to address it first. He additionally gave the go-ahead to create a framework for putting the most recent changes to the Petroleum Policy of 2012 into action.
Along with that, he gave the interior division instructions to create a one-window system for handling security-related matters.
