Significant reserves of petroleum and natural gas have been discovered in Pakistan’s territorial waters, a breakthrough that could significantly benefit the financially strained nation. The discovery was made during a three-year survey conducted in partnership with a friendly nation to confirm the reserves’ existence.
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The geographic survey pinpointed the reserves’ location, and relevant departments have briefed the government on this promising development. An official revealed that proposals for bidding and exploration are currently under review, signaling that exploration activities may commence soon.
The official noted that the process of drilling wells and extracting oil could span several years but is expected to have a lasting positive impact on the national economy. Prompt action to advance this project could greatly enhance Pakistan’s economic situation.
