Govt reviews energy security, investment plans with OICCI, PSO

Federal Petroleum Minister Ali Pervaiz Malik met industry leaders in Karachi on Friday, according to Mettis Global, which cited a press release. One session was with the Overseas Investors Chamber of Commerce and Industry (OICCI), while the other was with the management of Pakistan State Oil (PSO). The government said it is working to expand exploration, upgrade refining infrastructure and move reforms forward across the petroleum sector.

At the OICCI meeting, the minister briefed participants on energy security steps, including bonded storage and strategic petroleum reserves. Chamber members said consistent policy, a stable tax framework, transparency and adequate security all matter for investor confidence. OICCI leadership added that a predictable regulatory climate and timely settlement of pending industry issues could support investment in the sector.

In a separate session at PSO House, the minister focused on national energy security, supply chain resilience, expanding storage and digital transformation. He credited PSO with keeping fuel supply uninterrupted and with helping maintain stability in the petroleum supply chain, and pledged continued government backing for infrastructure upgrades. He also stressed the need for greater strategic storage capacity and wider use of digital tools to raise efficiency.