New gas policy eyes $5b investment with SIFC support

A new policy aimed at enhancing gas production has been introduced with the support of the Special Investment Facilitation Council (SIFC), paving the way for 35% private sector investment in the energy sector, Express News reported. The primary objective of this policy is to ensure a robust public-private partnership in the energy sector, thereby fostering growth and sustainability. The initiative is expected to attract up to $5 billion in investments, significantly strengthening Pakistan’s energy landscape. Muhammad Zaheer Alam, President of United Energy Pakistan, described the new policy as a crucial step toward the development of the energy sector. Similarly, Ali Murtaza Abbas, Chairman of the Pakistan Institute of Petroleum, highlighted the successful gas discovery by Mari Petroleum as a key achievement, made possible through SIFC’s assistance. OGDCL CEO Ahmed Hayat emphasised that the policy is likely to enhance provincial participation in gas trading, further integrating regional stakeholders into the energy market. Pakistan’s evolving energy policy is expected to stabilize local gas supply, creating new employment opportunities and contributing to broader economic growth.

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