Import of used-machinery for up-gradation of refineries mulled over 3574 3734 PakRealEstateTimes.Com

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Import of used-machinery for up-gradation of refineries mulled over

03-11-2009, 08:12 AM

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Import of used-machinery for up-gradation of refineries mulled over

ISLAMABAD: The ministry of petroleum and natural resources is mulling over the proposal for the import of use-machinery for the up-gradation of refineries.

Sources told Geo News that a summary in this respect has been prepared, which would be submitted in the third week of Economic Coordination Committee meeting. The summary suggested facilitating setting up refinery plant with used-machinery and up-gradation of the old plant, which included allowing tax rebate for up-gradation with used-machinery.

Sources said that such measures aim at increasing the existing capacity of the refineries and production of high-tech petroleum products.

http://geo.tv/3-10-2009/36938.htm

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