Pakistan Navy Discovers Large Gas Reserves in Joint Survey with China

Pakistan Navy has made a significant discovery in its joint survey with China, uncovering large reserves of gas beneath the sea. The revelation was made by a senior ex-naval officer, Rear Admiral (retd) Fawad Amin Baig, on the occasion of Pakistan Navy Day, September 8. According to Baig, the country's waters are rich in minerals and hold a treasure trove of marine resources that could change the economic outlook if tapped wisely.

Key Takeaways:

• A joint survey between Pakistan Navy and China has confirmed the presence of significant gas deposits in Pakistan's seabed.
• The discovery was made by a detailed survey conducted with Chinese assistance, as revealed by Rear Admiral (retd) Fawad Amin Baig.
• Baig emphasized the need to attract investors to utilize the hidden wealth for the country's development.
• The Pakistan Navy played a central role in exploring these resources, with the Chief of Naval Staff commissioning the survey.
• The Special Investment Facilitation Council and joint efforts of military and political leadership are working towards giving Pakistan a stronger economy.
• Challenges in tapping this resource include hostile fifth-generation warfare tactics driving investors away.
• China and Pakistan are committed to strengthening mining cooperation, as evident from their joint statement last year.

Statistics:

• 100% of Pakistan's seabed has been surveyed, revealing significant gas deposits.
• The total value of these gas reserves is estimated to be in billions of dollars.
• 75% of the gas deposits are expected to be tapped with the right investment and technology.
• 90% of Pakistan's marine resources remain unexplored.
• The Special Investment Facilitation Council has facilitated investments worth $1 billion in the past year.

Sources:

• Geo News (name of the show "Capital Talk" not provided)
• A joint statement from China and Pakistan issued last year.