Islamabad: Deputy Prime Minister Ishaq Dar has reiterated the government’s commitment to fostering an investment-friendly environment for the exploration and production sector, as part of efforts to bolster Pakistan’s energy security and drive economic growth.

During a high-level meeting in Islamabad, chaired by Mr. Dar, key ministers, senior officials from various ministries, and industry stakeholders gathered to discuss strategies for the country’s exploration and production sector.

The discussions focused on long-term energy planning, emphasizing the optimization of domestic oil and gas exploration. The participants explored avenues for both offshore and onshore drilling and stressed the importance of ensuring a steady supply of gas for industries and consumers.

Mr. Dar expressed enthusiasm for the forthcoming bidding round for offshore and onshore projects, viewing it as a significant step towards unlocking Pakistan’s hydrocarbon potential and drawing investment into the sector.

The meeting underscored the government’s commitment to creating a secure and supportive environment for businesses in the energy sector, which is seen as critical to enhancing the nation’s energy independence and sustaining economic growth.