Wafi Energy Pakistan Ltd has announced plans to invest up to $100 million over the next two to three years to expand its retail fuel network and storage capacity, while calling for a consistent and transparent fiscal regime to sustain investor confidence.
The announcement came during a meeting between Federal Minister for Finance and Revenue Muhammad Aurangzeb and a company delegation led by Javaid Akhtar, Board Member of Wafi Energy Pakistan and CFO of Asyad Group, along with CEO Zubair Shaikh and CFO Zarrar Mahmud.
According to an official statement, discussions focused on the company’s operations, growth strategy and broader issues facing the oil marketing sector. The delegation informed the minister that improved macroeconomic conditions have enabled the company to resume expansion following recent business integration and modernization efforts, including digitization initiatives across its network.
The finance minister reaffirmed the government’s commitment to macroeconomic stability, stronger foreign exchange reserves and investor facilitation. He emphasized that stable economic indicators are essential for smooth business operations, including dividend repatriation and cross-border transactions.
Wafi Energy highlighted that its proposed investment would support infrastructure upgrades, technology-driven improvements and supply chain resilience. However, it stressed the need for clarity and predictability in regulatory and taxation policies to encourage long-term capital deployment.
Aurangzeb assured the delegation that concerns raised would be reviewed through institutional channels, reiterating that reforms, privatization and digitization remain central to the government’s economic agenda.
