Pakistan has achieved a significant milestone in its energy sector with a notable increase in its oil and gas reserves, the first such development since 2020. This progress marks a major step forward in the country’s efforts to enhance energy security and reduce dependence on imports.
The recent rise in reserves is largely attributed to the efforts of the Special Investment Facilitation Council (SIFC), which has played a pivotal role in promoting and facilitating investment in the energy sector. By streamlining regulatory processes and encouraging both local and international stakeholders, the Council has accelerated energy exploration and development projects across the nation.
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According to the latest data, Pakistan’s oil reserves have increased from 193 million barrels to 238 million barrels. This significant boost reflects the country’s renewed focus on tapping into domestic resources to meet rising energy demands. The growth in reserves comes at a crucial time as Pakistan seeks to overcome persistent energy shortages that have impacted economic productivity.
Authorities remain committed to further strengthening the energy sector by continuing exploration efforts and enhancing infrastructure. With the strategic backing of the SIFC, Pakistan aims to build a more sustainable and secure energy future. The increase in oil and gas reserves not only underscores the success of recent policy measures but also sets a promising direction for the country’s energy independence.
