Pakistan's oil industry seeks COAS, SIFC assistance to recover over Rs91bn dues from the government for liquidity and foreign investment.
Oil industry in Pakistan seeks COAS, SIFC help to recover over Rs91bn dues from the government to improve liquidity and attract foreign investment. The industry faces challenges including Rs26bn in exchange losses, Rs65bn in refunded sales tax, and cash flow issues due to Inland Freight Equalization Margin (IFEM). The Prime Minister's Office has acknowledged these issues and urged the Petroleum Division to address them.
June 08, 2024
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