Business

Oil and gas reserves significantly increase for the first time since 2020

Pakistan has witnessed a notable increase in its oil and gas reserves for the first time since 2020, marking a significant development in the country’s energy sector.

This progress has been made possible with the support of the Special Investment Facilitation Council (SIFC), which has played a key role in facilitating energy projects. The Council’s efforts are boosting local investment and exploration activities across the country.

In a major breakthrough, oil reserves have increased from 193 million barrels to 238 million barrels, according to a recent report. This new momentum is aimed at addressing energy shortages and reducing reliance on imports.

Efforts to improve domestic resources continue, as authorities work towards ensuring a more secure energy future. The increase in oil and gas reserves has been made possible through the strategic support and coordination provided by SIFC.

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