ISLAMABAD: Wafi Energy Pakistan Ltd is considering investing up to $100 million in Pakistan over the next two to three years, as improving macroeconomic stability and stronger foreign exchange buffers help restore investor confidence, Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb said on Monday.
According to a statement issued by the Ministry of Finance, the finance minister held a meeting with a delegation of Wafi Energy Pakistan Ltd at the Finance Division to review the company’s current operations, investment plans and broader issues facing the oil marketing and energy sector. The delegation was led by Javaid Akhtar, Chief Finance Officer of Asyad Group and a board member of Wafi Energy Pakistan Ltd, and included Zubair Shaikh, Chief Executive Officer, and Zarrar Mahmud, Chief Finance Officer, Wafi Energy Pakistan Ltd.
Aurangzeb said sustaining macroeconomic stability remained central to the government’s economic strategy and was critical for maintaining and deepening investor confidence. He noted that recent improvements in foreign exchange availability reflected the impact of reforms and macroeconomic discipline, adding that stronger external buffers would enable smoother facilitation of legitimate business transactions, including dividend repatriation and cross-border payments.
The minister said improving economic indicators were already translating into greater confidence among domestic and foreign investors, describing these trends as essential to a healthy investment climate. He added that stronger participation by local investors helped reinforce foreign inflows and overall market confidence.
Discussions also covered the role of public-private partnerships and structured finance in delivering large-scale infrastructure projects. Aurangzeb said provincial-level experiences had demonstrated the potential of such models and underlined the need for deeper engagement with the banking sector to support infrastructure development.
The Wafi Energy delegation said the company had benefited from improved operating conditions amid greater macroeconomic stability and intended to expand its retail network and storage capacity. It said improved predictability in the operating environment had revived investment activity following recent business integration and had increased interest among international and regional stakeholders in Pakistan’s energy sector.
Wafi Energy Pakistan Ltd operates an extensive nationwide retail network and continues to invest in modernisation and efficiency. The company informed the minister that it was evaluating investments of up to $100 million to support network expansion, infrastructure development and technology-driven upgrades aimed at strengthening supply resilience, improving service standards and contributing to the long-term growth of Pakistan’s energy sector. The delegation also highlighted ongoing digitisation initiatives to enhance transparency, operational efficiency and regulatory compliance.
Industry-related issues were discussed, with the delegation stressing the importance of a stable, transparent and predictable policy framework for long-term investment in the capital-intensive oil marketing sector. Fiscal and taxation-related concerns were also raised, with calls for clarity and consistency to support business planning.
Reaffirming the government’s commitment to privatisation and outsourcing, Aurangzeb said the private sector was better placed to manage commercial assets efficiently and noted strong investor interest in recent privatisation initiatives. He added that digitisation was a national priority and that sector-related matters would be reviewed with relevant ministries and regulators as part of the government’s broader reform and investment facilitation agenda.
