Ali Pervez Malik meets separately with PSO leadership and OICCI.

In Karachi, Petroleum Minister Ali Pervez Malik met separately with the leaders of Pakistan State Oil (PSO) and the Overseas Investors Chamber of Commerce and Industry (OICCI) to discuss energy security, investment opportunities, and ongoing petroleum sector reforms.

Prominent media representatives, foreign investors, and industrial sector leaders attended the OICCI summit.

According to Ali Pervez Malik, the government is attempting to create a petroleum industry that is both competitive and attractive to investors in order to meet the nation’s long-term energy needs. He stated that downstream markets, refining, and exploration were undergoing adjustments.

The minister stated that the government’s initiatives to improve energy security included strategic petroleum reserves and bonded storage.

In order to boost investor confidence, the OICCI stated that stability, continuity, and transparency in the tax and regulatory environment were crucial. It further stated that ongoing communication between the government and business could facilitate the resolution of real-world problems and encourage investment.

In order to draw in foreign investment, the OICCI president stated that continuity and stability in the commercial and regulatory environment were crucial.

The fuel supply chain, strategic storage, and national energy security were all topics of discussion during the meeting with PSO leadership.

Ali Pervez Malik valued PSO’s efforts to guarantee a continuous fuel supply throughout the nation.

He emphasised the necessity of strengthening the supply chain and expanding strategic storage capacity. The minister also urged the petroleum industry to employ more digital technology in order to boost productivity and guarantee prompt problem-solving.