Pakistan, Aug. 10 -- Pakistan has decided to introduce a new policy framework for importing petroleum products. The framework aims to attract international oil suppliers and strengthen the country's energy security. Under the proposed system, foreign suppliers can bring petroleum products into Pakistan. They can then store the products in customs-bonded storage facilities.

Read More: Govt slashes fuel prices, raises power tariff by Rs 0.75 per unit

The new Import Policy 2026 through customs-bonded storage will provide clear rules for international suppliers. The policy will allow suppliers to maintain stocks in Pakistan without immediately paying domestic duties and taxes. This arrangement could provide greater flexibility to foreign co...