Finance Minister Senator Muhammad Aurangzeb has reaffirmed the government’s commitment to sustaining macroeconomic stability, strengthening foreign exchange buffers, and improving investor confidence as Wafi Energy Pakistan Ltd indicated a potential investment of up to $100 million in Pakistan over the next two to three years.
The assurance came during a meeting between the finance minister and a delegation of Wafi Energy Pakistan Ltd at the Finance Division on Monday. The delegation was led by Javaid Akhtar, Chief Finance Officer at Asyad Group and board member of Wafi Energy Pakistan, along with CEO Zubair Shaikh and CFO Zarrar Mahmud.
During the meeting, the finance minister said that macroeconomic stability remains the cornerstone of the government’s economic strategy and is essential for maintaining investor confidence. He noted that improvements in foreign exchange availability are the result of broader economic discipline and reforms, which are helping facilitate legitimate business transactions, including dividend repatriation and cross-border payments.
He added that improving economic indicators are already translating into stronger confidence among domestic and foreign investors and that local investor participation plays a key role in attracting foreign inflows.
Discussions also covered the use of public-private partnership models and structured finance for infrastructure development. Aurangzeb said such frameworks have proven effective at the provincial level and should be encouraged further with stronger engagement from the banking sector.
The delegation told the finance minister that Wafi Energy Pakistan has benefited from improved operating conditions and plans to expand its retail and storage footprint as part of a broader growth strategy. It said the company operates a nationwide retail network supported by investments in modernization, efficiency, and digitization.
Wafi Energy informed the government that it is considering an investment of up to $100 million over the next two to three years to expand its retail network and storage capacity, focusing on infrastructure development, technology-driven improvements, and supply resilience in Pakistan’s energy sector.
The company also highlighted its digitization initiatives aimed at improving transparency, efficiency, and regulatory compliance.
The delegation raised issues related to the oil marketing sector’s operating environment, stressing the need for a stable, transparent, and predictable regulatory and fiscal framework to support long-term investment decisions.
In response, the finance minister reiterated the government’s commitment to privatization, outsourcing, and digitization, saying the private sector is better positioned to manage commercial assets efficiently. He added that future privatization transactions would follow transparent and competitive processes in line with the prime minister’s directives.
Aurangzeb also referred to Pakistan’s strategic engagement with international partners, including Saudi Arabia, noting that such cooperation helps strengthen economic and investment ties.
He assured the delegation that concerns raised during the meeting would be reviewed through relevant institutional mechanisms to support long-term growth and investor confidence.
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