Pakistan Allows Foreign Suppliers to Store Fuel in Bonded Warehouses

Pakistan has approved a plan allowing petroleum products to be imported on foreign suppliers' accounts through customs-bonded storage facilities, in a move aimed at strengthening the country's fuel security.

Key points

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• The Economic Coordination Committee (ECC) approved the proposal of the Petroleum Division on Monday.
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• Under the arrangement, foreign suppliers will be able to store petroleum products in approved bonded facilities in Pakistan while the products remain under the customs-bonded regime.
• The initiative is part of the government's plan to strengthen Pakistan's energy security, develop strategic petroleum reserves and build a more resilient petroleum supply chain.

Notably, the Economic Coordination Committee (ECC) approved the proposal of the Petroleum Division on Monday. Govt Approves Restructuring Plan For 3 Major DISCOs Ahead Of Sale.

In practice, the initiative is part of the government's plan to strengthen Pakistan's energy security, develop strategic petroleum reserves and build a more resilient petroleum supply chain.

Notably, the proposal covers products including crude oil, petrol, high-speed diesel, jet fuel, furnace oil, LPG and LNG. Stay Connected with ProPakistani.

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In short, pakistan Allows Foreign Suppliers to Store Fuel in Bonded Warehouses is the central thread here, and readers can expect follow-up reporting as the picture becomes clearer.