What happened
Pakistan has approved two foreign companies to begin operations in the country, including an oilfield services provider, according to an official communication sent to relevant government departments.
The Board of Investment (BOI) granted permission to Singapore-based Beaumanoir Asia Sourcing Pte. Ltd. and INTAJ LLC to establish operations in Pakistan. In a letter to the Ministry of Finance, the BOI said INTAJ LLC had been allowed to open a branch office in Islamabad to meet contractual obligations with United Energy Pakistan Ltd. (UEPL), UEP Beta GmbH and UEP Alpha Ltd.
What the companies will do
INTAJ will provide coil tubing and nitrogen pumping services, which are typically used in oil and gas well maintenance and production enhancement. Commercial or trading activities within Pakistan are prohibited under the approval.
The initial permission is valid for one year with immediate effect and is subject to Pakistan’s regulatory framework, including rules set by the State Bank of Pakistan (SBP). The company may open a bank account with any commercial bank in Pakistan, and operating expenses must be financed through funds remitted from abroad through normal banking channels or through payments received under its contracts. Profit repatriation will be allowed subject to documentation requirements in the SBP’s Foreign Exchange Manual.
Conditions attached
Employment of foreign nationals will require prior government approval, while foreign currency remittances or the issuance of foreign-currency guarantees will need central bank clearance. The import and re-export of machinery and equipment will be governed by Pakistan’s prevailing trade policy.
The company must comply with the Companies Act, 2017, including filing documentation with the Securities and Exchange Commission of Pakistan within 30 days. The permission may be revoked if adverse reports are received from any government agency, and renewal must be sought at least 30 days before it expires.
Sources & reporting notes
This article summarises published reporting, not eyewitness coverage. Sources were reviewed on 12 February 2026.
- ProPakistani — "Pakistan Clears 2 Foreign Firms to Start Operations, Including Oilfield Services Provider"12 February 2026 · Reports the BOI permission, the companies involved and the conditions.
