News Highlights

Miftah Ismail holds meeting on facility confirmation of LCs for oil imports

 June 13, 2022

Minister for Finance and Revenue Miftah Ismail held a meeting on facility confirmation of Letter of Credits for oil imports in Islamabad on Monday.

Minister of State for Foreign Affair Hina Rabbani Khar, Chairman FBR, Governor SBP, 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.

The Finance Minister discussed over the available options for resolution of this issue.

After, comprehensive deliberation on the pragmatic way outs, the chair directed the relevant authorities to expedite the process for resolving these issues.