SIFC to address the challenges facing refineries
Islamabad: The Special Investment Facility Council (SIFC) called on an emergency meeting to quickly meet the challenges facing the oil industry, which has stopped work on $ 6 billion refining projects. Petroleum marketing companies (OMCS) face losses for months due to sales tax exemption. Caused a loss of 34 billion Rs in them during the last financial year-2024-25. Although the government later resulted in a mechanism to recover the loss, the issue of sales tax exemption remained unresolved. Now, the SIFC Apex Commission has called on an emergency meeting on September 18 to examine the challenges facing the oil industry.












