Pakistan Oil & Gas Reserves: Pakistan, which is burdened with heavy debt, is on the verge of bankruptcy. Financial crisis and high inflation have made life difficult for the people of Pakistan. The situation has become such that it has had to increase the tax burden on the common people under the conditions of the International Monetary Fund. Recently, the prices of petrol and diesel have also had to be increased and the government has had to reduce its expenses. But Pakistan’s fortunes are going to change soon. The Pakistani economy, which is facing economic crisis, is going to get a booster dose soon, which is currently buried under the deep sea and it has the potential to change Pakistan’s fate.
Pakistan’s financial crisis will end!
Quoting Pakistani media, a report has come out that Pakistan had started a survey to find out the presence of oil and gas reserves with the help of a friendly country. In this survey, large oil and gas reserves have been discovered under the deep sea within the Pakistani maritime border, which can rescue the Pakistani economy from crisis. The discovery of petroleum and gas reserves has come as a new ray of hope for Pakistan, which is currently buried under the deep sea. It is being told that this oil and gas reserve is so much that it can take Pakistan out of financial crisis and economic crisis.
5 billion dollars needed to extract oil and gas
A former member of Pakistan’s Oil and Gas Regulator told Pakistani media that we need to be positive about this oil and gas reserve. But it is not 100 percent certain that the oil and gas reserves will be found in the quantity expected. He said, if there is gas reserve in this reserve then it can replace LNG import and if there is oil in this reserve then it can replace imported crude oil. He said, $5 billion investment will be needed for the exploration of this oil and gas reserve and it will also take up to five years.
Energy import bill is constantly increasing
In the year 2023, Pakistan had to spend $17.5 billion on oil and gas imports, which can double to $31 billion in the next seven years. Recently, Pakistan’s Energy Minister has appealed to foreign investors to invest 25 to 30 billion dollars in Pakistan’s oil and gas sector so that Pakistan can reduce the expenditure on petroleum imports.
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