Abu Dhabi government-owned International Petroleum Investment Company (IPIC) has delayed plans to set up a refinery in Pakistan, its chief executive officer said on Saturday.

Khadem Al-Qubaisi told reporters the planned project was delayed due to various "problems".

The board of IPIC had approved last year plans to build a $5 billion refinery with capacity of 250,000 barrels per day refinery in Pakistan.-Reuters