FM directs relevant authorities to improve liquidity of petroleum sector

By MG News | April 29, 2023 at 04:37 PM GMT+05:00

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April 29, 2023 (MLN): Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar on Saturday urged the relevant authorities in Petroleum Division, Sui Companies, and PSO to make necessary efforts to improve their liquidity as early as possible, the press statement issued by Finance Division revealed.

"It is the priority of the government to address the issues of liquidity and performance of SOEs of the energy sector to enhance the economic growth of the country," he said while chairing a meeting on reforms in Energy Sector at Finance Division today.

The meeting conversed about the ongoing issues in the Energy sector and discussed viable proposals to introduce reforms in the energy sector in order to improve cash flow, specifically in the gas sector, the statement added.

SAPM on Finance Mr. Tariq Bajwa, SAPM on Revenue Mr. Tariq Pasha, Secretary Finance, Secretary Petroleum, Auditor General of Pakistan, MD SSGCL, MDs and CEOs of Sui Companies, and senior officers from Finance and Petroleum Division attended the meeting.

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