Islamabad (Commerce Desk): Pakistan has offered Saudi companies the opportunity to establish commercial oil storage facilities in the country under a tax-neutral bonded storage policy.
Federal Minister for Petroleum Ali Pervaiz Malik met with Saudi Arabia's newly appointed Ambassador to Pakistan, Dr. Rajeh bin Thami Al-Baqami. They discussed ways to enhance bilateral cooperation and investment in the minerals, petroleum and energy sectors.
During the meeting, Pakistan offered Saudi companies facilities to store oil in the country. A proposal was also presented for establishing a major petroleum storage and refining complex in Hub, Balochistan.