Islamabad: Important measures are being implemented to advance energy sector growth, enhance refinery capabilities, and attract investment through the effective facilitation and policy support provided by the Special Investment Facilitation Council (SIFC). The SIFC is addressing a significant tax issue affecting oil refineries in the forthcoming 2026-27 budget.
According to Radio Pakistan, the resolution of tax hurdles related to the Brownfield Refinery Upgradation Policy is expected to expedite the upgradation process. Economists suggest that these developments will bolster local investment and enhance foreign investor confidence.
The policy improvements and industrial upgrades are anticipated to substantially reduce reliance on imported fuel, achieve energy self-sufficiency, and contribute to economic stabilization. SIFC’s initiatives are reinforcing institutional support for investment promotion, industrial upgradation, and the enhancement of the business environment.