LNG<\/a> and supply it to their private customers. This measure will encourage petroleum investment in Pakistan.<\/p>\n","protected":false},"excerpt":{"rendered":"Islamabad: The government has announced its overhaul of the energy sector in order to encourage investment, according to a news report. These changes involve easing the laws, approvals, and regulations related to the sector, and introducing incentives for investors. This will improve Pakistan\u2019s ranking in the Ease of Doing Business index, and encourage investor confidence. Read: Simplify business laws, regulatory framework: PM tells BOI The Minister for Energy Omar Ayub, and Special Assistant to the Prime Minister on Petroleum Nadeem Babar, announced these changes at a news conference on Thursday. Ayub also revealed that five international companies (Shell, ExxonMobil, Trafigura, Mitsubishi, and a French firm) have been chosen to set up a processing terminal for Liquefied Natural Gas (LNG). This terminal will function without any government interference or permission requirements, and only requires site allocation from the port authorities. Read: Govt minimises taxes to spur investment in new LNG terminals The companies will process the LNG and supply it to their private customers. This measure will encourage petroleum investment in Pakistan.<\/p>\n","protected":false},"author":58,"featured_media":44272,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[12784,12783],"persona":[],"class_list":["post-54794","post","type-post","status-publish","format-standard","has-post-thumbnail","tag-ease-of-doing-business","tag-energy-sector-reforms"],"acf":[],"yoast_head":"\n
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