Breaking! Large oil, gas reserves found near Karachi: PM

[Yongpeng Sun-Tastaufen]

There was no oil in Afghanistan yet 'fredoom' visited them. There is oil in Saudia but 'freedom' has not visited them.

Aghanistan was Russia US proxy war. The US controls Saudi Arabia's oil.

 

[Fawad alam]

We do not have Noora or Zardari leading the country this time

My prayers are with new government, please check what happened with Peshawar Metro project.

 

[Imran Khan]

I am ready to be a shekh already buy my cloths

 

[Syed1.]

Since we're already feeling oily like rich Arabs, I think the time has come to place immediate orders for 50 F35s, 100 Su-35s and atleast 20 batteries of S400.

Let's live in the bubble before it bursts [emoji23][emoji23][emoji23]

While we are at it lets order a couple of Aircraft carriers as well

Guys say hello to me in 2020

 

[RangeMaster]

Habibi...,

https://twitter.com/x/status/1110194935536517120

 

[Clutch]

While we are at it lets order a couple of Aircraft carriers as well

Guys say hello to me in 2020

Should be used for education and health... Not bling bling... Otherwise we may have the oil but still be dirt poor and corrupt like Nigeria.

 

[zip]

Only about 2 million Pakistanis are enrolled in higher education.


So that means 2 million Pakistanis will be earning degrees to feed 220 million???? That is abysmal.... Need to increase this number 10-fold to atleast 20 million. Use the extra space this oil field will provide (inshallah) to increase enrollment and investment in education.

First let primary school enrollment reach 20 million..

 

[PakSword]

@farhan_9909 & @PakSword can shed more light on how these remittances can be increased.

There are many factors why Pakistanis usually don't prefer to send remittances to Pakistan.. Many Pakistanis who are educated in these two countries have dual nationalities, or are trying to get a permanent residence abroad.. They like to invest in western countries where they plan to live rest of their lives.. I know a guy who has recently bought two residential plots worth 1 million Australian dollars in Sydney.. Many Pakistanis buy properties in UAE rather than risking their hard earned money in buying properties in Pakistan, where these is a chance of losing their estate at the hands of land grabbers etc.. My own father lost 5 acre farm in late 1990s when he returned from KSA after 22 years.. and laws are so weak that we have to forget getting it back in the next 20 years at least.. People can't rent out their properties because they can't trust tenants and courts normally take side of the person who is living in the property..

Secondly, there are very few opportunities for Pakistanis to invest. I know a guy from UK who always talks about investing in UK in stock exchange and other smaller businesses.. One guy has recently bought a burger chain in Canada.. and he is still living in UAE, while his business is also giving him good returns.. Can we Pakistanis run business as a sleeping partner in Pakistan? No.......

Thirdly, Pakistani currency is depreciating.. I remember when I arrived in gulf in 2008, I AED was exchanging @ 20 PKR.. Now it is 38.. Who in the right mind will send and keep his money in Pakistani Rupees when the currency is devaluing so fast? In 10 years, a man can easily lose half of his savings.. That's why we see Pakistanis in the top foreigners who invest in UAE (specially in the real estate)..

Fourthly, our banking channels are so slow.. rates are not favorable, people prefer doing illegal money transfers rather than through banking channels..

Lastly, most of the Pakistanis are laborers.. and most of them are less paid because they are not properly qualified to do certain jobs.. they lack in local and English language skills.. and take up jobs at 75% of the standard salary for those jobs..

A lot needs to be done.. we need laws that are aimed at protecting someone's hard earned money... we need education, soft skills, language skills, technical education etc.. we need reforms in banking channels.. we need investment opportunities, we need to make Pakistan attractive enough that Pakistanis from the west start coming back to Pakistan.. I mean, who in the right mind wants to live in a country which is culturally/ religiously very different? I know many Pakistanis who migrated to western countries but want to return to GCC or to Pakistan.. because they don't want their children raised up there.. but they can't.. what will they do in Pakistan?

There are few things which our friend countries can do.. but there is a lot that we must do ourselves... and it will take time.. a lot of time.. just like it took at least 40 years to reach here where we are (in late 70s, early 80s, we were excelling), I want to give at least 10 years if we start reforms today!

 

[CrazyZ]

Hold your horses, let's wait for more official confirmation. If true...let's keep in mind offshore oil is more expensive to extract then land based resources and could take many years to develop. A large discovery would increase cpec value to China. Pakistan would probably be the first country to sell oil in yuan's not dollars. We need to use our abundant energy resources to boost our own industrial output. We have enough energy resources, excluding offshore oil be one of the top 10 industrial economies in the world. With a large discovery we could be in the top 5 industrial economies.

 

[Syed1.]

First let primary school enrollment reach 20 million..

Primary school enrollment was 23 million in Pakistan back in 2011. Would have pushed to 30-40 million now.


Don't run mouth Indian.

 

[ziaulislam]

Pakistan has to develop its hydro resources on fast track too ..we had alot of gas 1950s and we wasted it on useless things like power production ...

 

[RealNapster]

1) 450k barrels divide by US$13bn = US$28,889 per barrel. Goes to show how credible Wikipedia is

450K barrels Per day.

 

[Yongpeng Sun-Tastaufen]

CNOOC is experience in offshore oil extraction. Certainly will play a major role.

CNOOC reports 2018 reserves, production, profit increase

https://www.worldoil.com/news/2019/3/22/cnooc-reports-2018-reserves-production-profit-increase

 

[Arsalan 345]

we need money right now.i hope we can discover large amount of oil,gas.this will help economy and also we need money for new fighter jets,new long range sams.

 

[Indus Pakistan]

Only about 2 million Pakistanis are enrolled in higher education.

This is just one per cent of the population. In UK it's almost 30%. If there is oil dividend then it should be spent on education and improving our human stock. They are what makes stealth fighters, space rockets, tanks, nuclear submarines, missiles, S0-400s. Madaris students only go on to blow themselves up ...

https://www.ucas.com/corporate/news...record-percentage-young-people-are-university