POL industry in Pakistan has shown robust growth reflected
in their extra-ordinary profits earned by all major oil
marketing companies during the current fiscal 2002-2003.
This outstanding performance by the oil sector is attributed
to the policy of deregulation, liberalization and
privatization of the oil sector. Noticeable increase in the
margin of the oil dealers from 0.5 percent to 4 percent,
permission to grant license to the oil marketing companies
played a key role in the growth of the oil marketing sector.
Pakistan State Oil, which is about to be privatized shortly,
is going to enhance the role of private sector to a great
extent. Experts are of the opinion that
would be the event in the history of oil regime in Pakistan
because so far it was ruled by the public
Attractive financial results and enhanced role of private
sector is expected to attract more foreign investment in