PRL enters upgrade agreement with govt to modernize refinery

PSX Update • Sep 25, 2026

Pakistan Refinery Limited (PSX: PRL) has signed an Upgrade Agreement with the Government of Pakistan through Inter State Gas Systems (Private) Limited (ISGS), under the Pakistan Oil Refining Policy for Upgrade of Existing/Brownfield Refineries, 2023,

September 25, 2026 (MLN):  Pakistan Refinery Limited (PSX: PRL) has signed an Upgrade Agreement with the Government of Pakistan through Inter State Gas Systems (Private) Limited (ISGS), under the Pakistan Oil Refining Policy for Upgrade of Existing/Brownfield Refineries, 2023, as amended in August 2026. The agreement was signed on September 24, 2026, following approval from the Economic Coordination Committee (...