Minister for Petroleum Dr. Musadik Malik of Pakistan revealed the government's plan to implement a deregulation policy in the petroleum sector during the Global Oil and Gas Conference in Islamabad. This initiative aims to foster competition among oil companies by offering cheaper petrol while ensuring regulatory caps to safeguard consumer interests. Dr. Malik stressed the importance of leveraging local resources, promoting electrification, and embracing liberalization to propel sectoral growth. Furthermore, he highlighted upcoming approvals for a new gas policy and green and blue hydrogen projects, signaling Pakistan's commitment to sustainable development. The minister underscored the significance of scientific research and innovation in achieving sustainable progress without relying solely on imported machinery. Additionally, he called for national unity to transcend blame culture for the nation's advancement. The government's energy policy focuses on accessibility, affordability, and sustainability, with ongoing efforts towards privatization and modernization in the sector.