How Pakistan's oil discovery could change global markets - CaspianReport

Pakistan's Horizon is on the verge of groundbreaking change literally so just off its Coast geological surveys have discovered what could be one of the world's largest oil and gas reserves. It's a gateway to untapped wealth, initial estimates suggest that the oil and gas reserves could transform Pakistan into a top Tier Energy producer. If all goes to plan, within a decade Pakistani Waters will be dotted with all offshore platforms bringing in billions of dollars in revenues

The discovery comes at a crucial time Pakistan is nearly broke. It currently Imports roughly 85% of its crude oil and 30% of its natural gas from abroad costing it billions of dollars every year in budget deficits. In response the IMF imposed stringent fiscal restrictions which have
caused electricity prices to soar by 155% since 2021.