@SaleemFarrukh@DrIkramulHaq Precisely we exported 2.15 B $ less than last year during first 9 months. Last year saw a bonanza in export of rice from Pakistan
@AmirHQureshi Super tax , 7E and Reduction in salary slabs & PDL all were done during his tenure. Although many things were right but how can someone deny the same and criticise successors for not reversing the same. Pathetic and hilarious
@StockCompounder M more interested in how much will be the growth in taxes from those persons so that the resources be available for those who r not millionaires
@welawaqeel689 Poster is misleading but the massage is right one : slabe for max tax slab should not be applied on monthly salary of less than 1 million per month
The tide is turning
Twenty years. That is how long Pakistan went without opening its offshore frontier to new bids. On Wednesday, May 20, the government awarded 23 exploration blocks covering approximately 54,600 square kilometres of the countryโs maritime waters. Initial investment into phase one: $82 million. Projected investment into phase two: $1 billion.
Now consider this. Since its independence, 78 years ago, Pakistan has drilled exactly 18 exploratory wells in its entire offshore territory. Eighteen. In 78 years. In May 2026 alone, it awarded 23 blocks.
Plain fact: Pakistanโs offshore sits wedged between two proven hydrocarbon giants โ Oman and Iran to the west, Indiaโs Bombay High to the east.
Look eastwards. Indiaโs Bombay High โ discovered in 1974, just across the Arabian Sea โ has produced over two billion barrels of oil. It once accounted for 38 per cent of Indiaโs domestic production. It transformed Indiaโs energy balance. It still produces today.
The reality: Pakistan sits on the same geological shelf. The same Arabian Sea. The same limestone formations that made Bombay High a giant have also been identified in the offshore Indus basin. Geologists call it an โanomalous gap in a prolific petroliferous beltโ. Translation: everything around Pakistan has oil. Pakistan alone has not looked hard enough.
The signs are there. Along the entire Makran coastline, there are gas seepages, oil seepages and mud volcanoes that bubble methane to the surface. In 2013, an earthquake off Gwadar pushed a new island out of the sea. Methane. Hydrocarbons. The earth trying to tell us something.
Yes, one well drilled in the Indus offshore tested gas at 3.7 million cubic feet per day. Encouraging. Not enough to celebrate. But enough to keep looking.
Here is the brutal arithmetic: 18 wells drilled in 78 years works out to one well every four years. Norway, which discovered its offshore oil in 1969, has drilled over 5,000 exploration wells since. The comparison is almost unfair. Almost.
The $82 million committed in phase one is a start. But let us be honest: $82 million across 23 blocks is thin. One deepwater well alone can cost $50โ100 million. This is not yet a drilling programme. It is a signal. A declaration of intent.
The intent is welcome. The execution is everything.
Pakistan spends $20 billion a year importing energy it may well be sitting on. Twenty-three blocks have been awarded. The drills have not yet turned. When they do โ and they must โ the Arabian Sea may yet write a different story for this country. The tide, at last, is turning.
Remember: Norway found oil in 1969. Remember: Norway drilled 5,000 wells. Pakistan found courage in 2026. It awarded 23 blocks. The arithmetic of ambition is simple: you only find what you are willing to look for.
The good news is not discovery. The good news is movement. Pakistan has not found offshore oil yet. But Pakistan has reopened the door it kept shut for two decades. For once, policy is moving in the same direction as geology. The tide is turning.
https://t.co/CN5pNQa6Zm
@SaleemFarrukh@ansukhera Today's price include Rs. 80 PDL on average, rest of the items are same except for some sort of subsidy in 2022. But then u also need to look at the number of Fiscal deficit or Primary deficit of both the period. Can't single out analysis of one item while ignoring others.