Pakistan implements energy storage reforms and export diversification plans

Pakistan is implementing several economic and energy sector reforms. The Economic Coordination Committee (ECC) has approved new policy guidelines allowing foreign suppliers to import and store petroleum products, such as crude oil, petrol, diesel, and LNG, in customs-bonded warehouses. This initiative aims to bolster national energy security and create a regional storage hub to mitigate risks from international supply disruptions.

In the energy sector, the International Monetary Fund (IMF) has urged the government to accelerate electricity and gas tariff adjustments to curb the accumulation of circular debt. Simultaneously, the Faisalabad Electric Supply Company (FESCO) has approved revised pay scales and allowances for its employees and pensioners, effective July 1, 2026.

On the trade front, the Commerce Minister has ordered the development of country-specific plans to diversify exports and overcome market access, banking, and logistics barriers. The government is targeting growth in sectors including textiles, agriculture, pharmaceuticals, and light engineering to reduce vulnerability to shifts in global demand.