Is there oil in Pakistan? Onshore or offshore?

[FuturePAF]

If foreign investment doesnt come, state owned enterprises must step in. The same like Indonesia when we see stall investment in one of our big gas block, Jokowi asked Pertamina to step in. That is order from President.

Any way, in oil and gas business, there is specialization. If Pakistan doesnt have the necessary technology and human resources in oil and gas sector, Pakistan can hire foreign workforce like the way Turkey hire Indonesian expert on their new found oil and gas block. Pakistan can also hire foreign drilling specialized company to do exploration drilling.

Why Pakistan dont do thing like that ? Budget constrain. This is why I stress many time that Pakistan should decrease its defense spending from around 4 % of GDP into 1 % of GDP, and use that money for strategic investment, infrastructure development, and education

It can’t lower its defenses while India raises its own. The balance is very carefully maintained a hence why increasing taxes on the well to do, for whom the taxes are the lowest in the region, and increasing FDI is the only way to go.

 

[Indos]

It can’t lower its defenses while India raises its own. The balance is very carefully maintained a hence why increasing taxes on the well to do, for whom the taxes are the lowest in the region, and increasing FDI is the only way to go.

You can only be able to raise tax if the economy is Okay and FDI can only come to attractive place as manufacturing hub, there should be good infrastructur, good work force, peaceful politics, security, and others. Those things I mention need funding and there should be proactive jobs to make Pakistan attractive for FDI.

So far Pakistan FDI mostly come from China for energy sector, in Indonesia most of our power plant are owned by PLN, SOE, and government pressure any SOE to use local content, so PLN spend 13.4 billion USD last year to buy Indonesian made equipment and service. The money is circulated inside the country and help more industrialization, while Chinese build your powerplants using Chinese imported equipment.

PLN spent Rp200 trillion on local components in 2022 - ANTARA News

State-owned electricity firm (PLN) spent nearly Rp200 trillion out of the total budget of Rp300 trillion on local products so far this year, PLN President ...

en.antaranews.com

 

[blain2]

We have nothing! Stop dreaming of riches under the soil or offshore. If it was easy, feasible, it would have been done.

I repeat, we have NOTHING! The only thing going for us is surplus manpower. We have to put them to work and a quality human resource is better than any mineral deposits.

One should look at the growth of Poland in this regard. The single biggest factor has been their investment in their people.

 

[Baburfromsarmarkand]

We have nothing! Stop dreaming of riches under the soil or offshore. If it was easy, feasible, it would have been done.

I repeat, we have NOTHING! The only thing going for us is surplus manpower. We have to put them to work and a quality human resource is better than any mineral deposits.

One should look at the growth of Poland in this regard. The single biggest factor has been their investment in their people.

Every nation in South Asia has surplus manpower mate. We need something different. If we can find oil, it would put us ahead of those bengalis and Indians - at least in terms of GDP per capita and HDI. Just imagine, our PM being an important man on the world stage, a leader in opec summits and the only nuclear power in OPEC. We could control the price of oil to a degree, or exert influence. Fortune favors the ones who dig.

 

[blain2]

Every nation in South Asia has surplus manpower mate. We need something different. If we can find oil, it would put us ahead of those bengalis and Indians - at least in terms of GDP per capita and HDI. Just imagine, our PM being an important man on the world stage, a leader in opec summits and the only nuclear power in OPEC. We could control the price of oil to a degree, or exert influence. Fortune favors the ones who dig.

Pipe-dreams. I would pick the harder path towards prosperity always rather than relying on natural resources. See the conundrum the Gulf countries find themselves in. Oil is running out for the UAE so they are running helter-skelter trying to diversify and employ their own citizenry who find the transition to real work challenging.

Work hard, burn the midnight oil and outwork both India and BD. Very possible if people are enabled.