Pakistan has introduced a new gas policy aimed at increasing gas production and attracting major investments in the energy sector. This policy, supported by the Special Investment Facilitation Council (SIFC), will allow 35% private sector involvement, opening doors for fresh investments and technological advancements in the energy industry.
A Step Towards Energy Growth
The primary goal of this policy is to create a strong partnership between the public and private sectors, ensuring stability and growth in Pakistan’s energy sector. With this initiative, the government aims to bring in up to $5 billion in investment, strengthening the country’s energy supply and making it more sustainable in the long run.
Industry experts have welcomed this move, seeing it as a crucial step in modernizing Pakistan’s energy sector. Muhammad Zaheer Alam, President of United Energy Pakistan, stated that this policy will bring new opportunities for the industry and help bridge the gap in gas supply.
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Key Achievements and Provincial Participation
One of the recent achievements in gas exploration has been the successful discovery by Mari Petroleum, a milestone achieved with the assistance of SIFC. This shows the effectiveness of the council in facilitating energy sector development.
Ahmed Hayat, CEO of Oil & Gas Development Company Limited (OGDCL), emphasized that the policy will also encourage provincial participation in gas trading. This will help integrate regional stakeholders into the broader energy market, ensuring better distribution and utilization of resources.
Economic Benefits and Job Creation
The new gas policy is not just about increasing gas supply; it will also play a key role in economic growth. By boosting investment in the sector, it will generate new job opportunities, contributing to Pakistan’s overall economic stability.
With a more structured approach to gas production, the country is expected to see improvements in local supply, reducing dependence on imports and ensuring a more stable energy future.
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