KARACHI – Pakistan has discovered significant reserves of oil and natural gas in its territorial waters, a potential game-changer for the country’s struggling economy.
The reserves were identified following a three-year survey conducted in collaboration with a friendly nation. This geographic survey pinpointed the exact location of the deposits, and relevant departments have already informed the government of the discovery.
An official revealed that studies are underway to prepare for bidding and exploration, indicating that extraction efforts could begin in the near future. However, the process of drilling and extracting the resources may take several years.
Despite the timeline, the discovery promises to have a long-lasting positive impact on Pakistan’s economy. Swift action to develop these resources could greatly benefit the nation’s financial future.
