GWADAR: The government’s revenue department in Quetta has initiated the process to demark land for the establishment of Saudi Aramco oil refinery worth $10 billion, informed Gwadar Development Authority (GDA) Director-General Shahzeb Khan Kakar.
The land allocation process for the project signed between the two countries is expected to be completed within a couple of months.
The mega refinery project will have a capacity of between 250,000 barrels per day (bpd) to 300,000 bpd.
While visiting Prime Minister Imran Khan last year, Saudi Crown Prince Muhammad bin Salman had signed seven investment agreements of worth $20 billion in the energy and petroleum sector.
The signed deals included a grant of $2 billion which was planned to be invested in Pakistan’s renewable energy sector by ACWA Power- a Saudi power producing company, $4 billion for Regasified Liquefied Natural Gas plants, a $1 billion Saudi Fund for Pakistan, $1 billion to be invested in petrochemical, food and agricultural projects each, and $2 billion investment for the minerals sector.
For news and blogs, visit Graana.com.
Islamabad: The Capital Development Authority (CDA) has earmarked PKR 200 million to settle outstanding land…
Lahore: Punjab Governor Sardar Saleem Haider Khan has promulgated two key ordinances aimed at modernising…
Islamabad: Pakistan’s tax authorities are intensifying efforts to detect undeclared wealth by monitoring social media…
Karachi: The State Bank of Pakistan (SBP) has indicated that it will maintain a cautious…
The Pakistan Engineering Council and the Capital Development Authority have agreed to collaborate on raising…
Feb 7 (Reuters): Saudi Arabia on Saturday unveiled a wide-ranging investment package for Syria covering…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
