Pakistan’s prime minister has ordered a nationwide audit of customs bonded warehouses as the country moves forward with a plan to allow Gulf oil producers to store foreign-owned petroleum products for domestic sale or re-export. The directive, issued by Prime Minister Shehbaz Sharif, includes an independent third-party audit covering three years of warehouse operations and physical verification of stored stocks. The move comes as Pakistan seeks to enhance its role in regional energy trade with Gulf nations. (arabnews.pk)
The audit is part of broader efforts to modernize customs procedures and improve transparency in the handling of imported oil products. Officials say the new scheme will facilitate smoother trade by enabling Gulf producers to store their goods in Pakistani warehouses before distribution. This could help reduce logistical bottlenecks and support the country’s energy security goals. The plan is still under development, with details expected to be finalized in the coming months.
