In a recent statement, a senior US diplomat revealed that American companies have expressed strong interest in investing in Pakistan’s oil, gas, and minerals sectors, viewing the country as a strategically important and resource-rich destination. The remarks were made during a US-Pakistan Business Forum held in Islamabad, where both governments discussed avenues to deepen trade and energy cooperation.
The diplomat highlighted Pakistan’s vast untapped reserves of natural gas, copper, gold, and rare earth elements as major areas of opportunity for US investors. American firms, known for their expertise in energy exploration and mining technology, are keen to bring in capital and innovation to support sustainable development.
During the forum, companies from Texas, California, and Colorado presented proposals for public-private partnerships (PPPs) and joint ventures in upstream oil and gas exploration, as well as environmentally responsible mining practices. Delegates also emphasized the need for regulatory reforms, transparent licensing, and improved security to facilitate long-term investment.
Pakistan’s federal ministers assured full cooperation, pledging to offer investment incentives, duty exemptions on equipment imports, and tax relief for energy exploration companies. Special attention is being given to the development of Balochistan and KP, where some of the country’s richest mineral belts are located.
Experts believe that if materialized, these investments could boost Pakistan’s energy independence, reduce import bills, and generate employment in underdeveloped regions. The US-Pakistan energy dialogue is also expected to focus on renewable energy and technology transfer in upcoming meetings.
This development marks a positive turn in bilateral economic ties, with both sides aiming for long-term strategic cooperation.
oil and gas Pakistan, foreign direct investment, US-Pakistan relations
