ISLAMABAD: Pakistan and the United Kingdom have agreed to enhance cooperation in the oil, gas, and mineral sectors, with the UK offering $400 million to strengthen the capabilities of the Geological Survey of Pakistan.
The development emerged during a meeting between Federal Minister for Petroleum Ali Parvez Malik and British High Commissioner Jane Merritt. Both sides emphasized increasing collaboration in energy and mineral exploration.
Minister Malik said that cooperation between the British Geological Survey and the Geological Survey of Pakistan will promote growth in Pakistan’s mineral sector. He added that measures are ongoing to improve institutional capacity in the country’s energy sector.
The British High Commissioner noted that Pakistan offers vast investment opportunities, and the meeting also explored restructuring plans for the Oil & Gas Regulatory Authority (OGRA). The federal minister invited British companies to invest in offshore oil and gas exploration and collaborate with Pakistani state-owned enterprises.
The Pakistan Minerals Investment Forum is scheduled for April 8–9, providing a platform to encourage both domestic and international investment. The High Commissioner said last year’s forum was “impressive” and reflected strong investor interest.
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