Four significant oil and gas businesses have been chosen for asset management and strategic initiatives under the Pakistan Sovereign Wealth Fund thanks to the assistance of the Special Investment Facilitation Council (SIFC). By taking this action, the petroleum industry hopes to draw in foreign direct investment and grow the country’s economy.
Pakistan Petroleum Limited, Pakistan State Oil, Pakistan Refinery Limited, and Oil and Gas Development Company Limited (OGDCL) are among the selected firms. These organizations have made significant contributions to enhancing the nation’s economic environment.
Pakistan’s reserves of gas climbed by 2% and crude oil by 26% by the end of the fiscal year 2024, according to latest data.
