Tue, 21-Oct-2025

Petroleum Minister: Local oil could reshape Pakistan’s economic future

Petroleum Minister: Local oil could reshape Pakistan’s economic future

Islamabad: Pakistan possesses an estimated 1,234 million barrels of proven oil reserves, of which approximately 249.05 million barrels remain untapped. In light of increasing global energy demands and the country’s annual oil import bill exceeding $12 billion, the government is intensifying efforts to explore and utilize these domestic resources to reduce foreign dependency and enhance … Read more