Stories

Govt eyes major gas policy reforms

The interim government has decided to make major changes in Pakistan’s two gas exploration and production policies, aiming to reverse an exodus of foreign firms and lessen reliance on expensive imported fuels that have consumed more than $23 billion in less than a decade.

A meeting of the Council of Common Interests, the country’s highest constitutional body dealing with issues jointly owned by the Centre and the provinces, is expected to be convened soon to approve amendments in the Petroleum Policy 2012 and the Tight Gas Exploration and Production Policy of 2011.