Islamabad, Feb 25: A newly introduced gas policy, backed by the Special Investment Facilitation Council (SIFC), is set to attract up to $5 billion in private sector investments, facilitating 35% private participation in Pakistan’s energy sector. The policy aims to establish a robust public-private partnership within the energy sector, promoting growth and ensuring the long-term sustainability of the nation’s energy infrastructure.
Muhammad Zaheer Alam, President of United Energy Pakistan, praised the policy as a crucial step toward the sector’s development. He emphasized that this initiative would significantly strengthen Pakistan’s energy framework, creating opportunities for both local and international stakeholders.
Ali Murtaza Abbas, Chairman of the Pakistan Institute of Petroleum, highlighted the success of Mari Petroleum’s gas discovery as a testament to the effectiveness of the SIFC’s efforts in driving forward key energy projects. This achievement, he noted, marks a positive turning point for the sector.
OGDCL CEO Ahmed Hayat also expressed confidence that the new policy would stimulate greater provincial participation in gas trading, enhancing the role of regional players in the country’s energy market. The policy is expected to not only stabilize the local gas supply but also generate employment opportunities and contribute to broader economic growth.
As Pakistan continues to refine its energy policy, this new framework is anticipated to bolster the country’s energy infrastructure, paving the way for a more resilient and integrated energy market.
