ISLAMABAD, Pakistan: The federal government has decided to reduce the number of approvals required for establishing a petrol pump from 25 to 7.
While addressing a Press Conference in Islamabad on Thursday, the Prime Minister’s Special Assistant on Petroleum Nadeem Babar said that the government has decided to abolish various unnecessary regulations to facilitate investment in petroleum sector of the Country. He said that various initiatives including policy reforms are being introduced to ensure ease of doing business in petroleum sector.
Unveiling key decisions in five areas of petroleum sector, the special assistant on petroleum said that at present 24 to 30 approvals are required in exploration and production, and 10 of them are being removed.
Nadeem Babar said that about 25 approvals are required for establishing a petrol pump which too are being cut to 7. He said that approvals for storage of petroleum products are also being decreased from 19 to 6. He added that tax exemptions will be offered for installation and up-gradation of refineries.
While giving detail of facilitation being introduced in pipeline and gas area, he said that gas consumers will have 15 days bill payment period.
The special assistant said that a public awareness campaign about usage of domestic gas in the winter will be launched in September. He said that a Mobile App and Portal will be launched for registration and redressal of public complaints against gas companies. He said that provision of gas connection for industry within 30 days will be ensured.
With regard to the Liquefied Petroleum Gas (LPG), Nadeem Babar said that a new policy has been prepared to increase domestic production of LPG and decrease its import. He said that a pricing mechanism will also be introduced about LPG.
Nadeem Babar said that if any company intends to install Liquefied Natural Gas (LNG) terminal in the Country and it does not want to sell it to the government, it will not require any approval from the government.
وزیر اعظم عمران خان کی صدارت میں اجلاس
اجلاس میں وزارت پٹرولیم کی طرف سے اٹھائے گئے اقدامات کا جائزہ
اقدامات پٹرولیم کے شعبےمیں سرمایہ کاری آسان بنانے سے متعلق ہیں pic.twitter.com/HE8BT5U08b— PTV News (@PTVNewsOfficial) August 29, 2019
