Ogra, SBP meet to enhance credit limit to oil industry

Ogra, SBP meet to enhance credit limit to oil industry

Ogra, SBP meet to enhance credit limit to oil industry

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ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) Chairman Masroor Khan, and Member (Oil) Zain-ul-Abideen Qureshi met the senior official of the State Bank of Pakistan (SBP) to discuss credit limits to the oil industry, a statement said.

The meeting where Ogra officials met SBP Governor Reza Baqir, Deputy Governor and his team, discussed matters pertaining to enhancement of credit limits to the oil industry.

Dr Baqir confirmed that the oil industry credit lines have been revisited by allowing the industry to meet the import petroleum products in the country.

The Ogra management appreciated the cooperation of the central bank declaring it as a good step towards facilitation of the oil industry.

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