• Download the Constitution of Pakistan
  • Advertise
Friday, July 11, 2025
  • Login
NEWSLETTER
ECONOMY
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
ECONOMY
No Result
View All Result
Home Business

Chinese Companies Offer to Construct Oil Refinery in Pakistan

by Web Desk
August 4, 2021
in Business, Economy
Reading Time: 1 min read
0
Refinery
Share on FacebookShare on TwitterLinkedinWhatsapp

A syndicate of Chinese companies has offered to construct an oil refinery in Pakistan in a developmental proposition worth $15 billion.

China Petroleum Pipeline Engineering Company Ltd. (CCP) and the China Zhen Hua Import and Export Corporation are willing to pool $15 billion for the project, the Secretary of the Board of Investment (BOI), Fareena Mazhar, told reporters in a statement.

According to reports, the proposed oil refinery is expected to be established within the next four years.

The refinery will not be built in any of the nine Special Economic Zones (SEZs) appropriated for the China-Pakistan Economic Corridor (CPEC). However, after it is built, the project can get a zone status, and if planned properly, may even receive special tax exemptions and related benefits from the government.

Tags: Chinese CompaniesCPECOil RefineryPakistanSEZs
Web Desk

Web Desk

Related Posts

Pakistan, Russia sign Protocol to restore & modernize PSM

Pakistan, Russia sign Protocol to restore & modernize PSM

by News Publishing
July 11, 2025
0

Pakistan and Russia have signed a Protocol to restore and modernize Pakistan Steel Mills (PSM) in Karachi, reaffirming their long-standing...

PSX soars to new high of over 133,000 points in intraday trade

PSX soars to new high of over 133,000 points in intraday trade

by News Publishing
July 7, 2025
0

July 8, 2025: The Pakistan Stock Exchange (PSX) continued its remarkable upward trend on Monday, as the KSE-100 index surged...

Pakistan, Azerbaijan sign $2billion investment agreement

Pakistan, Azerbaijan sign $2billion investment agreement

by News Publishing
July 5, 2025
0

Pakistan and Azerbaijan have signed an agreement for investment worth two billion dollars in diverse sectors of Pakistan's economy. The...

Electricity Rate cut 2025

NEPRA Slashes Power Tariff by Rs1.16 Per Unit

by Anum Arif
July 2, 2025
0

In a major relief to power consumers across Pakistan, the National Electric Power Regulatory Authority (NEPRA) has approved a reduction...

Petrol price increased by Rs8.36 per litre for next fortnight

Petrol price increased by Rs8.36 per litre for next fortnight

by News Publishing
July 1, 2025
0

The Finance Division has announced a significant increase in fuel prices, citing volatility in global crude oil markets. Effective from...

PSX 2025

PSX Crosses 125,000 Points for First Time

by Anum Arif
June 30, 2025
0

The Pakistan Stock Exchange (PSX) achieved a historic milestone on June 30, 2025, as the benchmark KSE-100 Index crossed the...

Next Post
PUBG

PUBG announces $6 million prize pool for the global championship

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

About Us

Economy.pk is a source of economic, political, business, finance, health and sports updates.

Important Categories

  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin
  • YouTube
  • Linkedin
  • TikTok
  • WhatsApp
  • About
  • Advertise
  • Careers
  • Contact

© 2024 Economy.pk - Web Development by Digital Otters

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

© 2024 Economy.pk - Web Development by Digital Otters