Pakistan's five refineries ready to sign $6bn upgradation agreements next month

PSX Update • Aug 28, 2026

Pakistan's refining sector is set to receive an investment of nearly $6bn as all five oil refineries Pak Arab Refinery Limited (PARCO), Pakistan Refinery Limited (PRL), National Refinery Limited (NRL), Cnergyico and Attock Refinery Limited (ARL) reaf

August 28, 2026 (MLN): Pakistan's refining sector is set to receive an investment of nearly $6bn as all five oil refineries Pak Arab Refinery Limited (PARCO), Pakistan Refinery Limited (PRL), National Refinery Limited (NRL), Cnergyico and Attock Refinery Limited (ARL) reaffirmed readiness to sign agreements under the Brownfield Refinery Upgradation Policy, with the signings expected early next month. The upgrades ar...