PM hints at discovery of Asia’s largest oil and gas reserves in Karachi

News Image

MG News | March 25, 2019 at 05:46 PM GMT+05:00

March 25, 2019: Prime Minister Imran Khan on Monday hinted towards a possible discovery of Asia’s largest oil and gas reserves in Karachi’s offshore waters. He backed this statement by announcing that the nation would be hearing a ‘major news’ within the next three weeks.

“Just pray that our hopes and expectations from the offshore drilling being carried out by ExxonMobil-led consortium prove to be true” he said.  

The PM said that if the offshore exploration process turns out to be successful, it could bring about an enormous change in Pakistan’s fortunes.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 185,372.21
314.71M
0.46%
851.25
ALLSHR 111,991.85
808.33M
0.65%
718.12
KSE30 55,404.49
93.15M
0.58%
321.30
KMI30 262,585.95
95.11M
0.49%
1271.44
KMIALLSHR 72,124.09
476.70M
0.59%
425.45
BKTi 52,005.70
31.68M
0.63%
324.75
OGTi 37,895.90
20.70M
1.63%
608.01
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 62,965.00 63,640.00
61,420.00
1310.00
2.12%
BRENT CRUDE 71.94 72.49
71.30
0.14
0.20%
RICHARDS BAY COAL MONTHLY 107.50 0.00
0.00
-0.50
-0.46%
ROTTERDAM COAL MONTHLY 122.40 122.75
120.45
1.30
1.07%
USD RBD PALM OLEIN 1,135.00 1,135.00
1,135.00
0.00
0.00%
CRUDE OIL - WTI 68.78 69.26
68.08
0.09
0.13%
SUGAR #11 WORLD 14.81 15.17
14.81
-0.18
-1.20%

Chart of the Day


Latest News
July 04, 2026 at 11:12 PM GMT+05:00

HBL's RMB trade volume grows over 20% YoY


July 04, 2026 at 01:25 PM GMT+05:00

Weekly Market Roundup


July 04, 2026 at 01:21 PM GMT+05:00

Key Pakistan Market Stats and Economic Indicators


July 04, 2026 at 12:29 PM GMT+05:00

SECP eases rules for Apna Ghar loans


July 04, 2026 at 11:56 AM GMT+05:00

SECP, PSX hold broker compliance webinar



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg