Global commodities trader Gunvor Group has shown a strong interest in investing in Pakistan’s petroleum sector, according to a press release issued by the Press Information Department.

Gunvor Group Chairman Torbjorn Tornqvist, along with Mehmet Celepoglu, Vice President of Oceania & Southeast Asia Total Energies, met with Prime Minister Shehbaz Sharif to discuss potential investments in the country’s energy sector.

During the meeting, Prime Minister Sharif highlighted that Pakistan’s economy, having achieved stability, is now on a trajectory of growth and development. He noted that rapid reforms are being implemented to boost investment and business activities, with economic policies already yielding positive results. The prime minister emphasized the government’s commitment to removing barriers to foreign investment in Pakistan.

Tornqvist expressed Gunvor Group’s keen interest in investing in Pakistan’s petroleum sector and informed the prime minister that the group has already signed an agreement to acquire a 50 percent stake in Total Parco.

The Gunvor Group chairman praised the positive steps being taken under Prime Minister Sharif’s leadership to encourage investment in the country.

Prime Minister Sharif directed the relevant authorities to provide all necessary facilities to the Gunvor Group to facilitate their investment. The meeting was also attended by federal ministers Ahad Khan Cheema, Dr. Musadik Malik, PM’s Special Assistant Tariq Fatemi, and other high-ranking officials.