Govt backs EVTL continuity at Port Qasim

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MG News | March 04, 2026 at 02:24 PM GMT+05:00

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March 04, 2026 (MLN): The government has indicated support for the continued and stable operations of Engro Vopak Terminal Limited (EVTL) at Port Qasim.

The assurance comes as discussions over its future operating arrangements unfold amid regional energy market volatility and mounting supply-chain pressures.

The development came during a meeting between Pakistan’s finance authorities, the Ambassador of the Kingdom of the Netherlands, and senior representatives of Engro Corporation and EVTL, according to the press release.

The talks centered on the terminal’s role in Pakistan’s industrial and energy supply chains and the need to maintain operational continuity at critical infrastructure

Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb, who chaired the meeting, was briefed by the Engro delegation on EVTL’s operations and its contribution to handling chemical imports for downstream industries.

The delegation also highlighted the company’s significant share in marine liquefied petroleum gas (LPG), which supports household energy consumption.

EVTL is a joint venture between Netherlands-based Royal Vopak and Engro Corporation, and has been operating at Port Qasim since 1996.

The terminal forms a key part of Pakistan’s liquid bulk storage and handling network, linking international suppliers with domestic industrial users.

During the discussion, the delegation highlighted the importance of specialized storage infrastructure in sustaining industrial output and supply-chain stability, particularly in light of evolving regional developments that could affect energy markets and logistics flows.

The finance minister said the government remains engaged with relevant stakeholders to ensure adequate availability of petroleum products and to address potential supply challenges.

He also reiterated the importance of maintaining a transparent and efficient framework for foreign investment in strategic sectors.

The Netherlands has a longstanding commercial presence in Pakistan across energy, chemicals and logistics, and remains one of Pakistan’s important trading partners within the European Union.

The meeting shows ongoing engagement aimed at sustaining foreign investor confidence and safeguarding critical energy infrastructure at a time when Pakistan is working to stabilize its external position and secure industrial supply chains.

Copyright Mettis Link News

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