Karachi, February 10, 2026 – Wafi Energy Pakistan Limited has announced plans to expand its international presence by establishing a wholly-owned subsidiary in the Dubai Free Zone. The move is part of the company’s strategy to grow its business operations beyond Pakistan and tap into global markets.
In a communication to the Pakistan Stock Exchange (PSX) on Tuesday, Wafi Energy said the board of directors approved the initiative during its February 10, 2026, meeting. The decision is subject to the approval of the State Bank of Pakistan (SBP) and compliance with all relevant statutory and legal requirements.
The proposed subsidiary will be set up in the Dubai Multi Commodities Center (DMCC), a leading free zone in the United Arab Emirates that offers robust infrastructure and support for international trade and business expansion.
To support the overseas operations, the board approved an investment of up to $500,000 in the new entity. The subsidiary will enable Wafi Energy to broaden its commercial activities, explore new business opportunities, and strengthen its global footprint.
Industry experts say this strategic move positions Wafi Energy for future growth and enhances its ability to compete in international markets. By establishing a presence in Dubai, the company aims to leverage the region’s business-friendly environment and expand its reach to new customers worldwide.