DPM Dar chairs meeting on exploration and production sector

Deputy Prime Minister and Foreign Minister, Senator Ishaq Dar on Tuesday chaired a high-level meeting on Pakistan’s Exploration and Production sector. Ministers and senior officials from various Ministries and industry stakeholders participated in the discussions, a press release issued by the foreign office spokesperson.

The committee discussed long-term energy planning, focusing on optimizing domestic oil & gas exploration, offshore & onshore drilling, and ensuring uninterrupted gas availability for industries & consumers. The deputy PM welcomed the upcoming offshore bidding round as a major step to unlock Pakistan’s hydrocarbon potential and attract investment. 

He reaffirmed the Government’s commitment to a secure, investment-friendly environment for the E&P sector to further strengthen Pakistan’s energy security and economic growth.

Meanwhile, Deputy Prime Minister and Foreign Minister, Senator Muhammad Ishaq Dar on Tuesday reaffirmed that strengthening Pakistan-Azerbaijan ties remained a priority as both countries collaborate across various sectors. He was chairing an inter-ministerial meeting on investment project proposals with Azerbaijan. During the meeting, the deputy PM directed to accelerate the implementation of decisions to boost economic growth and development through viable investment projects.