Special Investment Facilitation Council Spurs Growth in Pakistan’s Petroleum Sector

Islamabad: The Special Investment Facilitation Council (SIFC) has played a pivotal role in advancing Pakistan’s petroleum sector, leading to significant discoveries and increased reserves. Recently, the SIFC, in collaboration with the Oil and Gas Development Company Limited (OGDCL), announced the discovery of new gas reserves in the Sanghar district of Sindh.

According to Ministry of Information and Broadcasting, these developments are part of a broader surge in the sector, with a twenty-six percent increase in crude oil reserves and a two percent rise in gas reserves noted at the fiscal year’s end in 2024. The efforts of various oil and gas exploration companies under the guidance of SIFC have been instrumental in achieving these results.

The progress marks a crucial step towards enhancing energy security and economic stability in the country, reflecting the effective strategies implemented by the SIFC to bolster the petroleum industry.

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