Commerce Minister Oil Marketing Giants Eye Expansion With 'Oil City' Plan'
Sumaira FH Published September 14, 2024 | 02:30 PM
ISLAMABAD, (UrduPoint / Pakistan Point News - 14th Sep, 2024) The Oil Marketing Association of Pakistan, led by its Senior Vice Chairman Tariq Mehmood on Saturday met with Federal Minister for Commerce Jam Kamal Khan to explore the expansion and development of the fuel oil industry in Balochistan.
The discussions focused on increasing the presence of licensed fuel stations across the province, aiming to provide quality products and better services for the local population,said a press release issued here.
During the meeting, Tariq Mehmood emphasized the need for a gradual rollout of licensed fuel stations in Balochistan, stating that this would ensure high-quality fuel products for the region and improve overall consumer experience.
He called for increased facilitation to the people through these regulated stations.
Federal Minister Jam Kamal Khan suggested that each oil company should have at least two to three fuel stations in each district of the province to boost business activities and create employment opportunities.
Such initiatives would support Balochistan's economic growth, he added.
Jam Kamal Khan contacted Chief Minister of Balochistan, Sarfraz Ahmed Bugti, during the meeting to seek his support.
The Chief Minister appreciated the idea and assured full backing from the provincial government.
Jam Kamal Khan also reaffirmed the federal government’s full support for the Oil Marketing Association's plans.
Jam highlighted that the shift toward licensed fuel stations would benefit both consumers and sellers by ensuring quality control and fostering a competitive business environment.
"We should gradually move towards a framework of licensed fuel stations, which would create a win-win situation for all involved, ensuring consumers receive high-quality products while boosting business opportunities for station owners," the minister remarked.
In closing, the Federal Minister assured his availability and support for any initiatives aimed at increasing business volume and contributing to the country’s economic development.
Jam Kamal expressed optimism about the future of the fuel oil industry in Balochistan and its potential to drive regional growth.
Related Topics
Recent Stories
Pakistan suffer with fall of Rizwan on second day of Multan Test against England
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 16 October 2024
Today Gold Rate in Pakistan 16 October 2024
Oil prices fall on easing Middle East fears
ASML shares dive after disappointing Q3 bookings
Sri Lanka level T20 series with record-breaking West Indies win
Iran summons Hungarian ambassador to denounce EU sanctions
1 Elderly woman dead, 18 others injured in traffic accident
Two held for decanting LPG
Iran summons Hungarian ambassador to denounce EU sanctions
Italy's Leonardo, Germany's Rheinmetall team up on tanks
Oct 15 marks 60th anniversary of diplomatic ties between Pakistan, Romania: FO
More Stories From Business
-
EXCHANGE RATES FOR CURRENCY NOTES
2 hours ago -
Foreign exchange rates
2 hours ago -
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 16 October 2024
3 hours ago -
Today Gold Rate in Pakistan 16 October 2024
4 hours ago -
Govt keeps petrol prices unchanged at Rs 247.03 per litre
12 hours ago -
Oil prices fall on easing Middle East fears
13 hours ago
-
KP Chief Minister Sardar Ali Amin Khan Gandapur directs for implementation of minimum monthly wages
16 hours ago -
SCCI calls for joint initiatives to improve Pak-Iran trade
17 hours ago -
Lahore Chamber of Commerce and Industry (LCCI) urges govt to notice FBR raids
17 hours ago -
PDWP approves five development schemes worth Rs 8.471b
17 hours ago -
Food security can be ensured by promoting pulses cultivation: Dr Khalid
18 hours ago -
DC warns strict action against lethargic elements in anti-dengue teams
18 hours ago