KARACHI:
Amid renewed hopes of US investment in Pakistan's oil sector, spurred by recent tweets from former US President Donald Trump hinting at greater American involvement in local exploration and implying potential crude supply to India, Pakistan has recorded its weakest oil and gas production in more than two decades. Industry data for fiscal year 2025 (FY25) shows a steep double-digit drop in both crude oil and natural gas output, deepening concerns over energy security and foreign exchange pressures.
Analysts warn the downturn, driven by structural imbalances, regulatory measures, and surplus imported LNG, could deepen in the year ahead, adding pressure to the country's foreign exchange reserves and energy security.
Pakistan's oil and gas sector recorded its weakest output in more