BREAKING NEWS
KP CM Sohail Afridi rejects governor’s rule threats • Nadia Khan faces criticism after questioning Preshay Adnan over gym attire • OpenAI scraps new AI model launch over safety concerns • Men face higher cancer rates than women, study finds • Pakistan earn first point in FIFA ASEAN Cup after 2-2 draw with Philippines • Tax return filing deadline tomorrow as late-filer category set to end • Floods and heavy rains kill 23 in Thailand • Ahsan Bhoon sends Rs5b defamation notice to Capt (R) Safdar • Salman Khan speaks out against AI-generated deepfake videos • Insomnia linked to 26% higher stroke risk, study finds • Google Chrome introduces feature to preserve tab position across devices • Four militants killed in security operation in DI Khan • Clashes erupt over partial demolition of 600-year-old Ujjain mosque in India • Pakistan thrash Oman 7-2, set up Asian Games semifinal against India • Pakistan plans $500mn ADB loan for pension reforms
Advertise with us >

Pakistan issues brownfield refinery policy, paving way for $5b upgrades

By Business Desk September 12, 2026 Business & Finance
Pakistan issues

ISLAMABAD: Pakistan has issued its brownfield refinery policy, paving the way for refinery upgrade projects worth an estimated $5 billion.

Under the policy, refineries must sign upgrade agreements by Oct. 1. Failure to do so will result in a further reduction in the deemed duty on high-speed diesel.

If refineries fail to sign the agreements by Nov. 15, the deemed duty will be completely abolished, according to the policy.

The policy also requires refineries to maintain inventories equivalent to 20 days of imported crude oil and 15 days of locally produced crude.