SIFC’s Steps to Revive JJVL Important for Energy Sector

Islamabad: The revival of Jamshoro Joint Venture Limited (JJVL), facilitated by the Special Investment Facilitation Council (SIFC), has marked a major milestone in Pakistan’s energy sector. The restoration of JJVL is among SIFC’s notable achievements over the past three years, bringing a key national asset back into operation.

According to Radio Pakistan, the closure of the JJVL plant had deprived the country of 317,000 tons of locally produced LPG, resulting in losses amounting to ninety-four billion rupees. The restoration of this facility is expected to significantly bolster the nation’s energy resources.

Iqbal Zafaruddin Ahmed, Chairman of the Associated Group, emphasized that the revival would not have been possible without SIFC’s support and guidance. He highlighted that the project will help save the country about two hundred million dollars in foreign exchange annually, underscoring the economic benefits of the plant’s reactivation.