Govt planning eco-friendly petroleum products: Qamar
Economy positive for last couple of years
ISLAMABAD: Federal Minister for Water and Power and Privatisation, Syed Naveed Qamar has said that clean environment is priority of the government and the newly completed low-sulphur content petroleum project of PakArab Refinery Company (PARCO) will greatly contribute towards a greener environment in the country.
He said this while presiding over 128th board meeting of Pak Arab Refinery (PARCO) held Wednesday.
Syed Naveed Qamar is Chairman of the PARCO Board and the meeting was also attended by the Directors of the Government of Pakistan and Abu Dhabi.
He said that the government has planned environment friendly petroleum products and all the refineries have been asked to meet the EURO-II requirements, which is an
on International standard. He appreciated the PARCO for completing this environment friendly project.
The board reviewed the operational, financial and HR progress of the company.
The management announced the successful commissioning of the Diesel Hydro Desulphurisation (DHDS) project which was completed well before time and within the allocated budg- et.
This pioneering project will make PARCO the only refinery in Pakistan producing environment friendly fuel.
It may be noted here that the DHDS project aims at meeting the international standards by reducing sulphur content in High Speed Diesel. The DHDS plant at Mahmood Kot, Muzzafar Garh is equipped with a maximum capacity of 26,000 barrels per day, and reduces sulphur contents in High Speed Diesel from 7,000 parts per million to 500 parts per million which is an EURO-II requirement.
The future plans of the company were also discussed and an update on the new Asphalt Production project presented. The meeting noted with satisfaction the continued progress of the company and appreciated the PARCO team.-APP ISLAMABAD: Despite several domestic and internationalchallenges, the country's economy is gradually moving towards building basis on sound footings as suggested by the economic indicators.
Not only the country's foreign exchange reserves reached an all time high of $17.38 billion because of huge remittances sent by overseas Pakistan, the other economic indicators have shown positive growth during the period, sources in the Ministry of Finance said while commenting on the three-year performance of the current government.
The government has been focusing on `New Growth Strategy' with an aim to raise growth above its historical average of 4.9 percent, source said adding main argument in the new growth frame work is that growth should be market-led and not government-led.-APP
ISLAMABAD: Federal Minister for Water and Power privatisation, Syed Naveed Qamar presiding over 128th board meeting of Parco.-APP
ISLAMABAD: A group photograph of Afghan Parliamentary Delegation with Deputy Chairman Senate, Jan Muhammad Khan Jamali and Deputy Speaker National Assembly Faisal Karim Kundi at Parliament House.-APP