Pakistan, Aug. 11 -- Pakistan is set to open its petroleum storage sector to international oil suppliers through a customs-bonded framework that would permit local sales as well as re-exports.

The move is aimed at positioning Pakistan as a regional petroleum storage and trading hub while enhancing energy security and supply-chain resilience.

The Policy Guideline on Import on Foreign Suppliers' Account through Customs Bonded Storage Facilities-2026 offers international suppliers a mechanism to maintain inventories in Pakistan without immediately triggering domestic duties and taxes, while giving them greater flexibility to decide whether to supply the domestic market or re-export their stocks.

The Petroleum Division has sent the 168-pag...