A high-level meeting chaired by Finance Minister Senator Muhammad Aurangzeb in Islamabad today reaffirmed the government’s commitment to advancing gas-sector reforms through a phased and consultative approach.

Speaking on the occasion, the Finance Minister emphasised the importance of aligning all stakeholders around a practical and implementable reform architecture.

The meeting reviewed the proposed restructuring and deregulation roadmap for Pakistan's gas sector, focusing on financial sustainability, operational efficiency, consumer welfare and greater private-sector participation.

The proposed reforms aim to establish a financially sustainable, efficient and competitive gas market that supports businesses, encourages private investment and protects consumer welfare.

The meeting discussed a phased transition towards greater competition, supported by effective regulation, improved operational performance and a more sustainable approach to gas pricing and supply.

The meeting also discussed the expected outcomes of the reform framework, including enhanced energy security, increased private-sector investment, reduced fiscal and sovereign risks, greater business-to-business transactions, more stable and sustainable gas pricing, improved access to competitively priced gas for exporters, and lower system losses through stronger efficiency benchmarks and performance-based incentives.

The meeting reaffirmed the government's commitment to advancing gas-sector reforms in a phased and consultative manner to strengthen financial sustainability, improve operational efficiency, attract investment and develop a more competitive gas market while safeguarding consumer interests.