The World Bank has officially recognized the successful resolution of Pakistan’s persistent Liquefied Natural Gas (LNG) surplus challenge, a major development discussed during a high-level meeting Thursday between Federal Minister for Petroleum, Ali Pervaiz Malik, and the bank’s Country Director, Bolormaa Amgaabazar.

During the discussions on ongoing and future reforms, Ms. Amgaabazar acknowledged the difficulty of the task and noted the Minister’s personal commitment to ensuring the sustainability of the nation”s gas sector.

The international financial institution reaffirmed its continued support for the Petroleum Division in advancing systemic changes. Ms. Amgaabazar also expressed a readiness to work collaboratively on reforms in the Liquefied Petroleum Gas (LPG) sector and to assist in the capacity building of the Oil and Gas Regulatory Authority (OGRA).

It was noted that the World Bank is already working closely with the ministry to formulate a comprehensive roadmap for the gas sector. This plan includes measures aimed at improving the performance and efficiency of the Sui gas companies, with a potential focus on unbundling the state-owned enterprises.

Minister Ali Pervaiz Malik thanked the Country Director for acknowledging the government’s efforts, emphasizing that input from international partners is highly valuable in shaping effective and durable policy reforms. He reiterated the government”s strong dedication to the long-term viability of the gas sector through structural and institutional adjustments.

Mr. Malik also praised the World Bank”s analytical work, describing it as deep, strategic, and forward-looking.

Furthermore, the Minister highlighted that improving Pakistan”s Air Quality Index (AQI) remains a key government priority. He stated that efforts are underway to enhance fuel standards, which will ultimately require significant upgrades to the country”s refineries.

Both parties concluded by reaffirming their commitment to continued collaboration in support of Pakistan’s energy sector reforms and its sustainable development goals.