Energy policy predictability sought

Federal Petroleum Minister Ali Pervaiz Malik met OICCI leaders and foreign investor representatives in Karachi, according to The Express Tribune, to review progress in the petroleum sector. Discussions covered energy security, investment prospects and the ongoing reform agenda. Media representatives also took part in the session.

Malik said the government is working to boost exploration, upgrade the refining base and push sector reforms forward. He also described steps such as bonded storage and measures to maintain strategic petroleum reserves. His stated aim is a more competitive, investment-friendly sector that can meet Pakistan's long-term energy needs.

OICCI members stressed that policy continuity, a stable tax framework, transparency and adequate security matter for investor confidence. OICCI President Yousaf Hussain welcomed continued dialogue, while Chief Executive M Abdul Aleem said predictability in regulation and business conditions is essential for foreign investors' long-term decisions. The chamber said it will keep engaging the government and stakeholders on measures that support investment and sustainable growth.