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Islamabad: Important steps are being taken to promote energy, refinery upgradation, and investment due to effective facilitation and policy support of the Special Investment Facilitation Council (SIFC). The SIFC is playing a key role in resolving a major tax issue for oil refineries in the upcoming budget 2026-27.
According to Radio Pakistan, the upgradation process will accelerate once tax hurdles related to the Brownfield Refinery Upgradation Policy are removed. Economists suggest that the expansion of local investment and upgradation will increase the confidence of foreign investors.
As a result of policy improvements and industrial upgradation, dependence on imported fuel will be significantly reduced, energy self-sufficiency will be achieved, and the economy will stabilize. SIFC’s efforts are strengthening institutional support for investment promotion, industrial upgradation, and improvement in the business environment.