The country’s refineries have informed government officials that their lenders will not provide loans for necessary upgrades until all obstacles, including the removal of sales tax exemptions on petrol (MS), High-Speed Diesel (HSD), and light diesel oil (LDO), are addressed.
This concern was communicated by the managing directors of Pak-Arab Refinery Company, Pakistan Refinery Limited, National Refinery Limited, Attock Refinery Limited, and Cnergyico Pk Limited during a meeting of the Working Group of the Special Investment Facilitation Council. The meeting also included top officials from the Federal Board of Revenue (FBR), Finance Ministry, Planning Commission, SIFC coordinator, and Petroleum Division.
