ISLAMABAD: Pakistan is set to establish its first deep-conversion greenfield refinery project in Hub, Balochistan, involving an investment of $4.5 billion and the creation of around 2,000 jobs. SPEC Refinery Pvt Ltd Chairman Zafar Sheikh held a meeting with Commerce Minister Jam Kamal to review progress on the project, which is being described as a major step towards strengthening the country’s energy security. An official statement said the delegation briefed the commerce minister on the project’s progress and highlighted its strategic importance in reducing reliance on imported refined petroleum products, enhancing energy security, and promoting industrial development.