Wafi Energy plans up to $100 million investment to expand Pakistan operations

Wafi Energy Pakistan on Monday announced that it is considering a potential investment of up to $100 million over the next two to three years to expand its retail and storage infrastructure, modernise operations, and pursue technology-driven improvements, including digitisation initiatives.

Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb met a delegation of Wafi Energy Pakistan Ltd at the Finance Division and reaffirmed the government’s commitment to macroeconomic stability, stronger foreign exchange buffers, and enhanced investor confidence.

The finance minister said improved economic indicators and strengthened external buffers are already restoring confidence among domestic and international investors, enabling smoother financial transactions and a more predictable business environment.

The Wafi Energy Pakistan delegation expressed confidence in Pakistan’s economic outlook and reiterated that the company is considering an investment of up to $100 million over the next two to three years to expand its retail and storage infrastructure, modernise operations, and advance technology-driven initiatives, including digitisation. 

The delegation also emphasised the need for a stable, transparent, and predictable policy framework to support long-term investment in the energy sector and welcomed continued engagement with the government to align reforms with industry requirements.

The finance minister reaffirmed the government’s focus on reforms, privatisation, digitisation, and public-private partnerships, adding that sustained strategic engagement with international partners would continue to strengthen economic cooperation and investor confidence.