FinMin reaffirms macroeconomic stability as Wafi Energy plans $100m investment

ISLAMABAD (APP) - Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb on Monday reaffirmed the government’s commitment to sustaining macroeconomic stability, strengthening foreign exchange buffers, and enhancing investor confidence.

He reiterated this during a meeting with a delegation of Wafi Energy Pakistan Ltd, which signaled a potential investment of up to USD 100 million in Pakistan over the next two to three years, a news release said.

The delegation, led by Javaid Akhtar Chief Finance Officer Asyad Group (Board Member), included Zubair Shaikh, Chief Executive Officer and Zarrar Mahmud Chief Finance Officer of Wafi Energy Pakistan Ltd.

The interaction provided an opportunity to review the company’s current operations, future investment outlook, and matters relevant to the oil marketing and energy sector.

During the meeting, the Finance Minister emphasized that sustained macroeconomic stability remained the cornerstone of the government’s economic strategy and was essential for maintaining investor confidence.

He noted that improvements in foreign exchange availability were a direct outcome of broader macroeconomic discipline and reforms, and that strengthening external buffers will enable smoother facilitation of legitimate business transactions, including dividend repatriation and cross-border payments.

The Finance Minister observed that improving macroeconomic indicators were already translating into greater confidence among both domestic and foreign investors, and underscored that such developments represent fundamental elements of a healthy investment climate.

It was noted that improved macroeconomic conditions and greater predictability in the operating environment have enabled the company to resume and scale up investment activity following recent business integration.

The delegation further informed that Wafi Energy Pakistan was considering potential investment of up to $100 million over the next two to three years to expand its retail footprint and storage capacity, with a focus on network growth, infrastructure development, and technology-driven improvements.

The delegation stated that these investments were aimed at strengthening supply resilience, improving service standards, and contributing to long-term growth of the energy sector in Pakistan.

The delegation highlighted that Wafi Energy Pakistan has already undertaken significant digitization initiatives across its operations as part of its broader modernization strategy, reflecting its commitment to transparency, efficiency, and regulatory compliance.