The Special Investment Facilitation Council (SIFC) has introduced a groundbreaking energy policy, paving the way for billions in private investment and sustainable growth in Pakistan’s energy sector.
Under the new policy, gas production is expected to rise significantly, with 35% private sector participation, ensuring greater efficiency and energy security. Officials project that the policy will attract $5 billion in investment, marking a major leap forward for the industry.
The policy is expected to generate employment opportunities, creating a ripple effect in Pakistan’s economic development. Experts believe this initiative will strengthen public-private partnerships, stabilize local energy production, and reduce dependence on foreign energy sources.
President of United Energy Pakistan, Muhammad Zaheer Alam, hailed the initiative as a crucial step toward energy development. Similarly, Ali Murtaza Abbas, Chairman of the Pakistan Institute of Petroleum, called the discovery of new gas reserves a historic achievement.
The policy also aims to enhance provincial participation in gas sales and distribution, said OGDCL CEO Ahmed Hayat. The move is expected to ensure fair distribution of energy resources and foster greater cooperation between federal and provincial authorities.
With this policy, Pakistan’s local gas supply will stabilize, reducing the need for costly foreign reserves and securing long-term energy sustainability.
Industry leaders have commended SIFC’s role in facilitating vital policy reforms, which are set to attract investment, create jobs, and strengthen Pakistan’s energy future.