Pakistani forces kill 30 militants in restive province bordering Afghanistan

ISLAMABAD: Petroleum Minister Musadik Malik on Tuesday said that Pakistan was offering foreign investors 40 offshore and 31 onshore blocks for oil and gas exploration, Pakistani state media reported, as Islamabad pursues a multi-pronged strategy to advance the energy sector.
The statement by the petroleum minister came at the 30th Annual Technical Conference and Oil Show in Islamabad, which brought together experts, officials of regulatory bodies and industry stakeholders to discuss oil and gas exploration, and renewable energy resources.
Pakistan is currently focusing on indigenization, electrification and liberalization to advance the energy sector, and has identified Access to Energy, Provision of Affordable Energy and Sustainability of Energy as fundamental pillars of its strategy.
Speaking at the conference, Malik said a significant portion of Pakistan’s natural resources remained unexplored and invited international investors to capitalize on opportunities in these newly opened blocks, the state-run APP news agency reported.
“Pakistan is open for business and we will provide all necessary facilitation to investors,” the petroleum minister was quoted as saying.
Pakistan, which has been struggling with an economic crisis, imports most of its energy needs and is currently looking for ways to lessen the cost of power generation.
Malik said reducing energy prices for the underprivileged was one of the government’s top priorities and efforts were underway to increase local production.
“We are utilizing domestic resources for energy,” he said, adding that Pakistan possessed untapped shale and tight gas reserves.
The minister said the government was introducing a deregulation policy and aimed to open the oil sector under a price cap mechanism, stressing the importance of transitioning the sector to modern technology.
“Prosperity will not come by simply introducing one machine,” he said. “For sustainable growth, we must engage in science and research ourselves.”

KARACHI: Pakistan skipper Mohammad Rizwan said on Tuesday the Champions Trophy would be a “historic occasion” for the country, a day before the hosts kick the tournament off against New Zealand.
The Champions Trophy is the first major cricket event hosted by Pakistan in nearly three decades and is regarded as second only to the World Cup in the one-day game.
“A global event has come to Pakistan after 29 years so I think the whole nation should enjoy this historic occasion,” Rizwan told a news conference on the eve of the tournament, which runs until March 9.
Pakistan had been due to host the tournament in 2008 but was thrown into cricketing isolation by a security crisis as violence spilled over from the long-running war in neighboring Afghanistan.
Gunmen then attacked a bus carrying Sri Lanka’s team in Lahore the following year, wounding several players and killing eight policemen and civilians.
However, major teams have toured Pakistan in the past five years as security improved, opening the way for the cricket-mad nation to stage the tournament.
“Pakistan has suffered enough and for a long time, but we have also won during this phase like the 2017 Champions Trophy and the 2009 Twenty20 World Cup,” Rizwan said.
Still, the build-up has not been without problems after neighbors and arch-rivals India refused to play in Pakistan over long-standing political tensions. India will instead play their matches in Dubai.
Pakistan’s opponents in the tournament opener in Karachi beat them twice this month during a tri-series event that included South Africa.
“There shouldn’t be any doubts on our performance,” Rizwan said. “We may not have played on our abilities but we all want to win the event for the country and people.”
Rizwan hoped to have pace bowler Haris Rauf on the pitch after he suffered chest muscle strain in the match against New Zealand in Lahore last week.
“Haris bowled 80 percent yesterday and today he is bowling at his full rhythm and told us that he is not feeling any discomfort, so I hope he is fully fit,” Rizwan said.