Minister of State for Petroleum Musadik Malik says the government has decided to introduce Bonded Bulk Storage Policy to streamline storage facility of petroleum products in the country.

Addressing a news conference in Lahore on Tuesday, he said new policy will also encourage the businessmen to establish storage facility of petroleum products.

The Minister of State said we have ended the monopoly in storage sector to improve uninterrupted supply situation of petroleum products.

He said bidding process for drilling of sixteen to twenty-four wells in sea has also been initiated.

Musadik Malik said that circular debt of gas sector has been reduced to zero.

He said the incumbent government is making all out efforts to bring economic stability to put country on path of development.