The agreement signed between Pakistan Refinery Limited and United Energy Group of China was also witnessed by Caretaker Prime Minister Anwaar-ul-Haq Kakar and Caretaker Minister for Energy Muhammad Ali in Beijing.


Beijing: Pakistan and China on Wednesday signed a Memorandum of Understanding for investment worth 1.5 billion dollars in the petroleum industry.
The agreement signed between Pakistan Refinery Limited and United Energy Group of China was also witnessed by Caretaker Prime Minister Anwaar-ul-Haq Kakar and Caretaker Minister for Energy Muhammad Ali in Beijing today.
Under the agreement, petrol and high-speed diesel obtained from Pak Refinery Ltd will not only replace expensive imported fuel but the total production capacity of the refinery will also increase from two hundred fifty thousand metric tons to one point six million metric tons.
It will also help increase the production of high-speed diesel from six hundred thousand metric tons to two million metric tons.

Karachi sea claims another life despite safety warnings
- 5 hours ago

Security forces eliminate two Indian-sponsored terrorists in Balochistan
- 9 hours ago

Strong quake rocks Balochistan's Musakhel district
- 11 hours ago
‘Sardar Ji 3’ breaks records with historic Rs45m opening in Pakistan
- 8 hours ago
President Zardari finalizes IHC judges’ seniority list
- 8 hours ago
Govt unveils app to cut electricity theft, ensure fair billing
- 10 hours ago

20 children die at Pakpattan DHQ: Investigation complete, report due July 2
- 5 hours ago
Russia launches largest air assault on Ukraine; F-16 jet destroyed
- 9 hours ago
PM Shehbaz invites Chaudhry Nisar to rejoin PML-N
- 8 hours ago
Gas prices to rise from July 1, OGRA issues notification
- 9 hours ago

NDMA issues flood alert as heavy rains expected across Pakistan
- 10 hours ago
WhatsApp introduces built-in document scanner for Android users
- 9 hours ago