4 billion US dollar oil refinery to be build by friendly country in Pakistan
ISLAMABAD - A US$ 4 billion oil refinery is being build by UAE in Pakistan.
As per the media report US$ 4 billion is being invested by the United Arab Emirates to build coastal refinery near Hub power plant.
UAE investment company Mubadala has started its work with Pakistan’s energy company Pak-Arab Refinery Limited (Parco). He was addressing the business community of Pakistan at a gathering organised by Pakistan Business Council Dubai.
Abdul Razak Dawood said that the government does not have sufficient resources to build ‘Pakistan Pavilion’ in Dubai Expo 2020 and asked the Pakistani business community to contribute for the building of the pavilion.