PFC chief for establishing strategic oil, gas reservesPublished on: November 9, 2026 11:26 AM
Pakistan, Nov. 9 -- Pakistan Furniture Council (PFC) Chief Executive Officer Mian Kashif Ashfaq on Sunday stressed the urgent need to establish strategic oil and natural gas storage facilities on a priority basis to ensure uninterrupted energy supplies to industries amid prevailing geopolitical tensions in the Middle East. Chairing a meeting of the council's Board of Directors here, he said the development of strategic oil reserves and underground gas storage infrastructure had become an immediate national security requirement rather than a long-term objective. He said establishing bonded storage hubs and expanding terminal capacity would enable Pakistan to maintain energy reserves for several months, absorb international market shocks, a...
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