ISLAMABAD: Finance Minister Mohammad Ishaq Dar on Wednesday said that oil constitutes a major portion of country’s imports and plays a critical role in the economy.
He said this while meeting with the representatives of oil marketing companies and oil refineries here at the Finance Ministry.
He said the government was engaging with oil companies as part of its policy to ensure that essential items like oil are available to the industry and for common use without any interruption.
The Minister was briefed that Pakistan imports crude oil and oil products to the tune of $ 15 billion and informed that the present stock of oil in the country was enough for 30 days.
Ishaq Dar said that it is important that we have a comprehensive data about the products and source of their imports for proper planning so that informed decision can be made about them.
He urged the representatives of oil marketing companies and refineries to advise the government on the present pattern of oil imports and its marketing and suggest measures to further improve them.