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Feature: Pakistan's new refinery expansion policy to pave way for sharp reduction in fuel imports

Feature: Pakistan’s new refinery expansion policy to pave way for sharp reduction in fuel imports
Pakistan’s refining capacity is expected to rise sharply in coming years as the pace of current upgrades and construction picks up ahead of the approval of the country’s new refinery policy, paving the way for the South Asian consumer to sharply reduce its dependence on imports for gasoline and other oil products.
The expectations come amid a string of refinery upgrade works, with the 155,000 b/d Byco refinery and 50,000 b/d Pakistan refinery taking fresh steps to upgrade refining units to be able to produce higher quality motor fuels. Plans for the new 120,000 b/d Trans Asia refinery have also made progress, with an agreement between Pakistan Flow Petroleum Ltd and the UAE’s Al Ghurair Investments being signed in mid-April, industry sources and refinery officials told S&P Global Platts. ....

Hong Kong , Shankar Talreja , Yousuf Saeed , Abdul Azeem , Yawar Uz Zaman , Head Of Research At Darson Securities Ltd , Oil Companies Advisory Council , Power China International Group , Pakistan State Oil , Pakistan Flow Petroleum Ltd , Infrastructure Hong Kong Oriental Times Corporation Ltd , South Asian , Trans Asia , Ghurair Investments , Darson Securities Ltd , Spectrum Securities , Hong Kong Oriental Times Corporation Ltd , Topline Securities , Oil Companies Advisory , ஹாங் காங் , ஷங்கர் தலிரெஜா , யௌசுப் சயீத் , அப்துல் ஷீம் , பவர் சீனா சர்வதேச குழு , பாக்கிஸ்தான் நிலை எண்ணெய் , உள்கட்டமைப்பு ஹாங் காங் ஓரியெஂடல் முறை நிறுவனம் லிமிடெட் ,

Feature: Pakistan's new refinery expansion policy to pave way for sharp reduction in fuel imports

Feature: Pakistan's new refinery expansion policy to pave way for sharp reduction in fuel imports
spglobal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from spglobal.com Daily Mail and Mail on Sunday newspapers.

Hong Kong , Shankar Talreja , Yousuf Saeed , Abdul Azeem , Yawar Uz Zaman , Head Of Research At Darson Securities Ltd , Oil Companies Advisory Council , Power China International Group , Pakistan State Oil , Pakistan Flow Petroleum Ltd , Infrastructure Hong Kong Oriental Times Corporation Ltd , South Asian , Trans Asia , Ghurair Investments , Darson Securities Ltd , Spectrum Securities , Hong Kong Oriental Times Corporation Ltd , Topline Securities , Oil Companies Advisory , ஹாங் காங் , ஷங்கர் தலிரெஜா , யௌசுப் சயீத் , அப்துல் ஷீம் , பவர் சீனா சர்வதேச குழு , பாக்கிஸ்தான் நிலை எண்ணெய் , உள்கட்டமைப்பு ஹாங் காங் ஓரியெஂடல் முறை நிறுவனம் லிமிடெட் ,

Steel imports surge 18pc to $2.1bln in Jul-Jan

Business
February 21, 2021
KARACHI: Pakistan imported $2.1 billion worth of iron, steel and scrap during the first seven months of the current fiscal year, depicting 18 percent year on year growth mainly due to fast recovery in demand after lifting of lockdown, analysts said.
The country imported $1.8 billion of iron, steel and scraps during the corresponding period a year earlier, according to the Pakistan Bureau of Statistics.
Analyst Ahmed Rauf at Sherman Securities said restrictions on movement between February and June 2020 due to COVID-19 led to sharp declines in steel and scrap inventories of local manufacturers.
“Subsequently, after the lifting of restrictions, scrap and steel imports rose in 3QCY20 as steel producers looked to increase their inventories. Moreover, government’s initiative to increase construction sector activity also increased demand for steel in the country,” Rauf said. Tahir Abbas, director Research at Arif Habib agreed that co ....

Mehroz Khan , Abdul Azeem , Tahir Abbas , Research At Arif Habib , Pakistan Bureau Of Statistics , Research At Spectrum Securities , Pakistan Bureau , Ahmed Rauf , Sherman Securities , Arif Habib , Spectrum Securities , Pearl Securities , அப்துல் ஷீம் , தாஹிர் அப்பாஸ் , ஆராய்ச்சி இல் ஆரிப் ஹபீப் , பாக்கிஸ்தான் பணியகம் ஆஃப் புள்ளிவிவரங்கள் , ஆராய்ச்சி இல் ஸ்பெக்ட்ரம் பத்திரங்கள் , பாக்கிஸ்தான் பணியகம் , ஷெர்மன் பத்திரங்கள் , ஆரிப் ஹபீப் , ஸ்பெக்ட்ரம் பத்திரங்கள் , முத்து பத்திரங்கள் ,

Construction sector borrows Rs88bln in Jul-Dec

Business
February 14, 2021
KARACHI: Construction sector borrowed Rs88 billion from banking institutions during the first half of the current fiscal year of 2020/21, showing 44 percent growth over the preceding same period, as the tax incentives and lower interest rate encouraged participation in real estate, analysts said on Saturday.
Companies attached to residential sector borrowed Rs41 billion in the six months ended December 31, 2020 compared to Rs29 billion, showing 41 percent growth, the analysts said, citing the central bank’s data. Borrowing for non-residential sector showed a rise of 51 percent to Rs47 billion.
Topline Securities Deputy Head of Research Shankar Talreja said the borrowing of the construction sector is likely to gain more momentum going forward due to increase in economic activity and subsidised markup scheme of the State Bank of Pakistan (SBP). ....

Sri Lanka , Abdul Azeem , Tahir Abbas , Arif Habib , Securities Deputy Head , Research Shankar Talreja , State Bank , Spectrum Securities , ஸ்ரீ லங்கா , அப்துல் ஷீம் , தாஹிர் அப்பாஸ் , ஆரிப் ஹபீப் , பத்திரங்கள் துணை தலை , ஆராய்ச்சி ஷங்கர் தலிரெஜா , நிலை வங்கி , ஸ்பெக்ட்ரம் பத்திரங்கள் , கடன் வாங்குகிறது ,