Wafi Energy investment in Pakistan may reach $100 million over the next 2–3 years as the Saudi-based company plans to expand retail networks, storage capacity, and digital infrastructure.
Saudi-based Wafi Energy Pakistan Ltd has shown strong confidence in the country’s economy. The company plans a Wafi Energy investment in Pakistan of up to $100 million over the next two to three years. This investment will focus on expanding retail outlets, increasing storage capacity, and upgrading infrastructure with modern technology.
The plan came to light during a high-level meeting between Finance Minister Muhammad Aurangzeb and a senior delegation of Wafi Energy Pakistan Ltd in Islamabad.
High-Level Meeting for Wafi Energy Focuses on Growth and Stability
The delegation included Javaid Akhtar, CFO of Asyad Group and board member of Wafi Energy Pakistan, along with Zubair Shaikh, CEO, and Zarrar Mahmud, CFO of Wafi Energy Pakistan.
During the meeting, both sides reviewed the company’s current operations, future plans, and key issues related to Pakistan’s oil marketing and energy sector. The discussion highlighted how improving economic conditions are creating space for new investments.
Macroeconomic Stability Encourages Foreign Investors
Finance Minister Aurangzeb stressed that macroeconomic stability remains the foundation of Pakistan’s economic strategy. He explained that better foreign exchange availability and stronger financial discipline now allow smoother business operations, including dividend payments and cross-border transactions.
He added that improving indicators already boost confidence among local and foreign investors. According to him, strong local participation often attracts even more foreign capital.
Retail Expansion and Infrastructure Development Ahead
The delegation shared that Wafi Energy investment in Pakistan will target retail network growth and storage expansion across the country. The company already runs a nationwide retail footprint and continues to invest in modernization and efficiency.
Moreover, Wafi Energy plans to strengthen supply resilience, improve service quality, and support long-term growth in Pakistan’s energy sector.
Digitization and Policy Stability Remain Key
Wafi Energy also highlighted its ongoing digitization initiatives, which aim to improve transparency, efficiency, and regulatory compliance. At the same time, the company kept on emphasizing the need for a stable and predictable policy environment, especially in a capital-intensive sector like oil marketing.
The delegation raised fiscal and taxation concerns and called for consistent policies in order to support long-term planning.
Government Reaffirms Support for Private Investment
In response, the finance minister reaffirmed the sheer dedications and commitment of the government to
- privatisation
- outsourcing
- private-sector-led growth
He also noted strong strategic engagement with Saudi Arabia, which continues to deepen economic ties.
All-inclusively, the proposed Wafi Energy investment in Pakistan is depicting growing international confidence in the country’s economic direction and reform agenda.