US company offers to modernize oil refineries in Pakistan
A delegation from an American technology company met with Pakistan's Finance Minister, Muhammad Aurangzeb. During the meeting, the company presented a special plan to modernize oil refineries in Pakistan.
The Finance Minister welcomed the proposal. He stated that this project would increase Pakistan's own refining capacity. It will also help the country reduce its reliance on the import of petroleum products.
Government officials say that the use of modern technology in the energy sector is very important for the national economy. This project will not only improve oil production but also lead to progress toward self-reliance in the energy sector.
Pakistan has long relied on expensive imports to meet its energy needs. Such measures could help reduce the burden on the country's foreign exchange reserves.
Further discussions will be held to implement this project in the future. The government is emphasizing that every possible cooperation will be provided to bring foreign investment and modern technology into the energy sector.