Extend the validity period of petroleum product licenses
Reform IDF355
DescriptionExtending the validity period of petroleum product licenses to three years has been proposed to reduce the regulatory burden on businesses and align with international practices followed in Singapore and India, where petroleum storage licenses are valid for up to three years.
DepartmentDepartment of Explosives (DE)
Jurisdiction / LocationFederal - Entire Pakistan
SectorPetroleum
Start Date24-06-2025
Target Deadline24-09-2025
Date Enacted
Implementation StatusIn Progress
Progress 50%
CCORR DirectionSimplify
Cost Savings PKR (Mil.)
Evidence