Wafi Energy plans major investment in Pakistan

February 2, 2026 (MLN): Wafi Energy Pakistan Ltd is considering an investment of up to $100m over the next two to three years to expand its retail network and storage capacity in Pakistan, demonstrating confidence in the country’s economic outlook.

The investment seeks to strengthen supply resilience, improve service standards, and support long-term growth in the country’s energy sector.

The development occurred alongside improvements in macroeconomic indicators, including increased foreign exchange availability and rising investor confidence

Wafi Energy cited enhanced operating conditions and greater predictability in the business environment as key factors enabling the planned expansion, according to the press release. 

The company also highlighted ongoing digitization and modernization initiatives across its operations, reflecting a commitment to efficiency, transparency, and regulatory compliance.

The potential investment was discussed during a meeting with Federal Finance Minister Senator Muhammad Aurangzeb.

The Finance Minister emphasized that sustained macroeconomic stability and strengthened external buffers are essential for investor confidence and smooth facilitation of cross-border transactions, including dividend repatriation.

He also noted that local investor participation plays an important role in attracting foreign inflows.

The meeting reviewed Wafi Energy’s current operations, with officials highlighting its nationwide retail network and ongoing investments in efficiency and technology.

They also discussed the importance of a stable, transparent, and predictable policy framework to support long-term investment decisions, including fiscal and taxation considerations.

Senator Aurangzeb underlined the role of public-private partnerships and structured finance in delivering large-scale infrastructure projects, citing successful experiences at the provincial level.

He also reaffirmed the government’s commitment to privatization and outsourcing as a core policy direction, noting that future transactions will follow transparent, competitive processes.

The Finance Minister acknowledged ongoing high-level strategic engagements with international partners, including Saudi Arabia, as platforms to strengthen economic cooperation and investment ties.

He reiterated that reforms, privatization, digitization, and investment facilitation form interconnected pillars of the government’s broader economic agenda.

He also assured that issues raised by the delegation would be addressed through institutional mechanisms to support long-term growth and investor confidence.

The planned $100 million expansion by Wafi Energy is expected to contribute to the modernization of Pakistan’s energy sector and improve operational efficiency.

It is also likely to attract further foreign and regional investment, reinforcing market optimism amid ongoing macroeconomic improvements.

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