Pakistan approved a tax-neutral policy for Saudi commercial oil storage.

Pakistan has introduced a tax-neutral bonded policy allowing Saudi companies to set up commercial oil reserves without local tax liabilities, aiming to attract foreign investment.

Possible impact on PSX shares

• PSO Pakistan State Oil Company Limited▲ Could be positive

  Commercial reserves by Saudi firms could enhance petroleum supply security and ease procurement logistics for Pakistan's largest fuel marketer.

  Price when this was written: Rs 358.50 · Live price, chart and results

• APL Attock Petroleum Limited▲ Could be positive

  Establishing tax-free commercial reserves may improve domestic fuel availability, potentially benefiting oil distributors like APL.

  Price when this was written: Rs 546.00 · Live price, chart and results

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Business Recorder: Pakistan offers tax-free oil storage facilities to KSA