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.
Ayesha Gul becomes first female SSP in Khyber Pakhtunkhwa's history
- 12 hours ago
Pakistan Business Forum urges govt to take concrete steps for agriculture sector
- 15 hours ago
Sit or play? Why Jordan Love's path to Packers starter remains unique in the NFL
- 2 hours ago
A self-driving car traffic jam is coming for US cities
- an hour ago
Two new polio cases confirmed in KP
- 14 hours ago
.jpg&w=3840&q=75)
Eleven bodies recovered from floodwaters in Alipur
- 15 hours ago
PM Shehbaz arrives in Qatar for Arab-Islamic Summit
- 14 hours ago
Artists call for ‘Free Palestine’ at Emmy Awards in Los Angeles
- 14 hours ago
Met office predicts hot, dry weather in most parts of country
- 14 hours ago
Karachi installs 891 cameras under phase one of safe city project
- 10 hours ago
Govt keeps petrol price unchanged, increases HSD by Rs2.78
- 6 hours ago
Trump says TikTok deal near as US, China agree on negotiated solution
- 11 hours ago
