The business communities have welcomed the Petroleum Policy 2012 saying it will create positive aspects for overall economy of the country. Talking to APP, a businessman Zaheer Ahmed said that under the new policy, the government would increase the availability of gas by exploring new gas fields across the country.
There are abundant reserves of gas and oil available in Sindh, Balochistan and other part of the country and these all would be explored to end the existing energy crisis in the country, he said. Moreover, the better gas price and decrease in levy would attract foreign investment to materialise the target of maximum exploration, he said.
Quoting Dr Asim Hussain, Advisor to Prime Minister on Ministry of Petroluem and National Resources (MPNR), he said that the loadshedding would be ended by the coming winter which would be positive for the economic activities in the country. Appreciating the new petroleum policy, another businessman Shahid Ali said that the fertiliser sector would be the most beneficiary because the gas supply would be provided uninterruptedly. In the policy, the role of Economic Co-ordination Committee (ECC) was eliminated between exploration company and fertiliser sector which is positive for the sector, he added. The revision of well-head price would be benefit for the oil sector especially exploration companies in the country. He said that the petroleum policy 2012 would resolve the energy crisis in the country.