A nationwide fuel shortage looms as oil shipments are held up by a tax dispute
A large number of oil tankers are parked near Shireen Jinnah Colony in Karachi. — Online/Archive Oil cargoes remain stranded at Karachi ports. Five large petrol and diesel vessels are awaiting clearance. Sindh restores 100% IDC bank guarantee requirement. Pakistan faces the risk of nationwide fuel shortages as many oil cargoes remain stuck at ports following the Sindh government’s decision to reinstate the 100% bank guarantee requirement under the Sindh Infrastructure Development Certificate (IDC). The oil industry has warned that the move could disrupt the country’s fuel supply chain within days if the issue is not resolved promptly, The News




