Finance Minister Muhammad Aurangzeb on Monday reiterated its commitment to economic stability and investor facilitation as Wafi Energy Pakistan Ltd signaled a potential investment of up to $100 million in the country over the next two to three years.
The assurance came during a meeting between Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb and a delegation of Wafi Energy Pakistan Ltd at the Finance Division. The delegation was led by Javaid Akhtar, Chief Finance Officer of Asyad Group and board member of Wafi Energy Pakistan, alongside Chief Executive Officer Zubair Shaikh and Chief Finance Officer Zarrar Mahmud.
During the meeting, the finance minister Muhammad Aurangzeb said that maintaining macroeconomic stability remains central to the government’s economic strategy and is critical for restoring and sustaining investor confidence. He noted that improvements in foreign exchange availability were the result of ongoing fiscal discipline and reforms, adding that stronger external buffers were helping ease legitimate business transactions, including dividend repatriation and cross-border payments.
Aurangzeb observed that improving economic indicators were beginning to reflect in renewed interest from both local and foreign investors. He said domestic investment plays an important role in building broader confidence and encouraging international capital inflows.
Wafi Energy Pakistan informed the minister that improved macroeconomic conditions have positively impacted its operations. The company shared plans to expand its retail network and storage capacity as part of a broader growth strategy, reflecting confidence in Pakistan’s medium-term economic outlook.
The delegation briefed the minister on the company’s nationwide retail presence and ongoing efforts to modernize operations. It said greater predictability in the business environment has allowed the company to resume and expand investment activity following recent integration processes.
According to the delegation, Wafi Energy Pakistan is considering an investment of up to $100 million over the next two to three years, focusing on network expansion, infrastructure development and technology-driven improvements. The planned investment aims to enhance supply resilience, improve service quality and support long-term growth in the energy sector.
The company also highlighted progress on digitization initiatives across its operations, aimed at improving efficiency, transparency and regulatory compliance.
During the meeting, Wafi Energy raised concerns related to the operating environment of the oil marketing sector, stressing the need for stable and predictable policies to support long-term investment in a capital-intensive industry. Fiscal and taxation matters were also discussed, with the delegation emphasizing that clarity and consistency remain essential for business planning.
The finance minister reaffirmed the government’s policy direction on privatization and outsourcing, stating that the private sector is better equipped to manage commercial assets. He said future privatization efforts would be carried out through transparent and competitive processes, in line with government policy.
Aurangzeb also highlighted digitization as a national priority, noting uneven adoption across the sector. He said relevant ministries and regulators would review sector-specific issues to ensure improved transparency and oversight.
The minister further referred to ongoing economic engagement with international partners, including Saudi Arabia, and said such platforms remain important for strengthening investment and trade ties.