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petrol oil 400ISLAMABAD: Pakistan needs an effective research body for petroleum conservation on the pattern of Petroleum Conservation Research Association (PCRA) which is working in some of the neighbouring countries.

 

This was stated by Chief Executive Officer (CEO) of Lahore- based private company Shoaib Ashfaq Qureshi while talking to APP while giving details regarding innovative technology based products.

 

He said Petroleum Conservation Research Association (PCRA) could identify the potential and make recommendations for achieving conservation of petroleum products in various sectors of the economy.

 

Shoaib Ashfaq Qureshi said PCRA will be responsible for research and development activities for the development of fuel- efficient equipment and devices and organize multi-media campaigns for creating mass awareness for the conservation of petroleum products in a quite appreciable manner.

 

He said PCRA can organize and conduct fuel oil utilization studies, energy audits, boiler modernization scheme, introduction of equipment bank concept, use of energy vans, development of oil consumption norms, model depot projects, driver training programmes, demonstration clinics, workshops and hold exhibitions.

 

Shoaib Ashfaq Qureshi said it is high time that Pakistan should establish a national level research body without delay.

 

He said if Pakistan is seriously considering to import oil from India for meeting its ever-growing domestic requirements, there is no harm is following the good example of PCRA and have a research body on top most priority more or less on PCRA pattern as the country direly needs petroleum products conservation in order to keep the oil import bill under check, control and reasonable limits

 

He said it is high time that Pakistan should start taking steps to save measures both in the public and private sectors without any further delay as the country is meeting its 85 per cent requirements through oil imports from other countries and the oil import bill has already crossed staggering figures of 13 billion dollars.

 

He said if many developed and developing countries around the world are adopting fuel saving measures then why Pakistan should be lagging behind in this respect while it is relying heavily on oil imports from other countries which is not something to be appreciated in any manner.

 

He said besides encouraging use of fuel saving gadget which reduces consumption up to 25 per cent, there are several other steps like better traffic signals management, creating awareness among the people regarding purchase of cars according to their requirements and income level besides learning from other countries experiences over the years as what they have done and doing for achieving fuel efficiency in transport sector.

 

Copyright APP (Associated Press of Pakistan), 2012


 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 11, 2014
Reserves $13.415 bln