Pakistan can save oil import by using local coal to generate electricity. So Pakistan must focus on quick start of electric vehicle. Sooner or later we have to move on electric vehicle, if we go early we can take part in manufacturing of at least spare parts or accessories.
Look how The news put the news. Title is oil not found and saying they did not reach required depth till now and will take 2 more days to REACH desired dephth. ALSO stating after then they will know what exactly lies beneath, gas or oil.
What should we believe?
It's not about 6 billions. If they don't go to Imf, world Bank and Adb will not give loan and investment will not come. Its kind of surety after following their terms, defines that Pakistan will be able to pay back.
Can any body explain. If Pakistan can gather 6 billion dollars or more from friendly countries then why they are going to Imf for same amount and that too on tough terms.
One reason I guess is CPEC as we are importing machinery.
Also its showing Pakistanis has much money to spend outside. We should come up with ideas to produce same things in Pakistan.
I guess we should not be worry on import but keep the balance on exports as well.