Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Tribune with their fake news as usual
He siad he was "expecting" positive news in 3 weeks..
He never said the above
If this does happen to be a find coupled with important news of removing 30% duties on equipment ..expect a surge in investment in the blocks surrounding it(yet to be auctioned )
Venezuela failed to diversify and became vulnerable to economic sabotage.
It depends on the situation of the state.Venezuela has biggest oil reserves in the world and they have 1000% inflation and going through an economic crisis. Just having reserves is not the end solution. Having competent and people of integrity managing it leads to prosperity.
In any case we pray to Allah o azeem to make this news true.
It depends on the situation of the state.
In at least the short/medium term, Pakistan won't be exporting the oil and gas, but meeting its own needs. This will have the effect of shaving $12 billion off Pakistan's imports and, in turn, bring the trade deficit down.
I just hope Pakistan avoids the trap of exporting oil, gas, minerals, etc without a plan to use the profits to bolster the manufacturing industries. The long-term ForEx drivers should be machines, electronics, steel, composites, and engineering services, not natural resources. The natural resources should just be a stopgap or cushion.
@Khafee @Oscar @JamD My fear is that we short-cut like Nigeria, Venezuela, etc did, e.g., export natural resources, get cash, import like nuts.
exactly our resources should be utilised to build Knowledge Base Economy, rather to remain resource based economyThe long-term ForEx drivers should be machines, electronics, steel, composites, and engineering services, not natural resources. The natural resources should just be a stopgap or cushion.
It depends on the situation of the state.
In at least the short/medium term, Pakistan won't be exporting the oil and gas, but meeting its own needs. This will have the effect of shaving $12 billion off Pakistan's imports and, in turn, bring the trade deficit down.
I just hope Pakistan avoids the trap of exporting oil, gas, minerals, etc without a plan to use the profits to bolster the manufacturing industries. The long-term ForEx drivers should be machines, electronics, steel, composites, and engineering services, not natural resources. The natural resources should just be a stopgap or cushion.
@Khafee @Oscar @JamD My fear is that we short-cut like Nigeria, Venezuela, etc did, e.g., export natural resources, get cash, import like nuts.
Its going to revolutize country like Pakistan ..if a non corrupt govt stays in powerIt depends on the situation of the state.
In at least the short/medium term, Pakistan won't be exporting the oil and gas, but meeting its own needs. This will have the effect of shaving $12 billion off Pakistan's imports and, in turn, bring the trade deficit down.
I just hope Pakistan avoids the trap of exporting oil, gas, minerals, etc without a plan to use the profits to bolster the manufacturing industries. The long-term ForEx drivers should be machines, electronics, steel, composites, and engineering services, not natural resources. The natural resources should just be a stopgap or cushion.
@Khafee @Oscar @JamD My fear is that we short-cut like Nigeria, Venezuela, etc did, e.g., export natural resources, get cash, import like nuts.
My fear is that we’ll see very little of it since the Exxon contract or instability or bad estimates might ruin it.It depends on the situation of the state.
In at least the short/medium term, Pakistan won't be exporting the oil and gas, but meeting its own needs. This will have the effect of shaving $12 billion off Pakistan's imports and, in turn, bring the trade deficit down.
I just hope Pakistan avoids the trap of exporting oil, gas, minerals, etc without a plan to use the profits to bolster the manufacturing industries. The long-term ForEx drivers should be machines, electronics, steel, composites, and engineering services, not natural resources. The natural resources should just be a stopgap or cushion.
@Khafee @Oscar @JamD My fear is that we short-cut like Nigeria, Venezuela, etc did, e.g., export natural resources, get cash, import like nuts.
Then what 25% exxon mobil share news was about? if not for oil extraction? They can't have 25% of share unless they extract it.
Estimates are over 100 billion barrel. thus if true, it will not only shave our import bill for fuel but also help is in short term with our electricity needs provided GOP is smart enough to go with alternative such as hydro etc.It depends on the situation of the state.
In at least the short/medium term, Pakistan won't be exporting the oil and gas, but meeting its own needs. This will have the effect of shaving $12 billion off Pakistan's imports and, in turn, bring the trade deficit down.
I just hope Pakistan avoids the trap of exporting oil, gas, minerals, etc without a plan to use the profits to bolster the manufacturing industries. The long-term ForEx drivers should be machines, electronics, steel, composites, and engineering services, not natural resources. The natural resources should just be a stopgap or cushion.
@Khafee @Oscar @JamD My fear is that we short-cut like Nigeria, Venezuela, etc did, e.g., export natural resources, get cash, import like nuts.
why would exxon contracts be an issue? Oil corporations would never loose an opportunity for money if there is any to be made.My fear is that we’ll see very little of it since the Exxon contract or instability or bad estimates might ruin it.
This announcement should have been made ONLY once the reserves were triple confirmed
Just good due diligence- to avoid CPEC like issues.why would exxon contracts be an issue? Oil corporations would never loose an opportunity for money if there is any to be made.