ISLAMABAD (Eshfak Mughal):- The Pakistan has been entered in the zone where default position is not far away as the country is facing difficulties in opening of LCs for oil import to meet the local demand.
Federal Minister for Finance and Revenue Mr. Miftah Ismail held a meeting on facility confirmation of LCs for oil imports at Finance Division on Monday. Minister of State for Foreign Affair Ms. Hina Rabbani Khar, Chairman FBR, Governor State Bank of Pakistan, Chairman OGRA and senior officers participated in the meeting.
The meeting discussed issues regarding opening of LCs for oil imports and steps for resolving the issues for smooth supply of energy chain in the country, said in the statement of Finance Minister issued followed by the meeting.
The Finance Minister discussed over the available options for resolution of this issue. After, comprehensive deliberation on the pragmatic way outs, the Finance Minister directed the relevant authorities to expedite the process for resolving these issues.