Mecom Gas Pvt Ltd, a Pakistani liquefied petroleum gas marketing and distribution company, is planning an initial public offering on the Pakistan Stock Exchange to raise 20 million dollars for a new LPG storage facility aimed at strengthening supply security amid rising energy volatility and import dependency.

According to Bloomberg, the company is in discussions with Arif Habib Ltd to serve as adviser for the proposed IPO. Chief executive officer Kamran Afzal said the listing process is at an early stage and is designed to attract capital for infrastructure expansion in Pakistan’s growing LPG market.

The company plans to build a storage capacity of 3000 tons using proceeds from the offering, a move expected to improve logistical resilience and reduce supply disruptions across the country’s LPG distribution network.

Industry sources note that Pakistan’s energy sector is facing renewed pressure due to geopolitical tensions and disruptions linked to conflict in Iran, which has impacted regional fuel supply chains and heightened price uncertainty in imported energy commodities.

Pakistan remains heavily dependent on Gulf countries for oil and gas imports while persistent balance of payments pressures continue. The current account returned to deficit in April as rising import costs driven by global oil prices offset earlier gains in external stability. Officials say higher import bills and currency pressure have increased urgency for domestic storage investment and strategic reserves as policymakers seek to reduce exposure to global oil shocks and ensure more stable pricing for consumers and industry in coming months across the economy and energy sector landscape.

Chief executive Kamran Afzal said the war impact has accelerated Mecom Gas expansion strategy as LPG prices have nearly doubled in six months, making storage infrastructure essential to stabilise supply and mitigate sharp price fluctuations in the domestic market.