Huge reserves of hydrocarbons located in Maran: Naval chief

Islamabad: Chief of the Naval Staff Admiral Zafar Mehmood Abbasi said on Wednesday that huge reserves of hydrocarbon resources were expected to be explored soon and could be a “game changer” for Pakistan’s economy.

The naval chief made these assertions while speaking to businessmen and industrialists during his visit to the Korangi Association of Trade and Industry, further said that there should be no doubts on China-Pakistan Economic Corridor’s benefits for the country.

He said huge reserves of hydrocarbons had been located in the Makran region and Chinese experts would soon initiate exploration in the sea.

He deplored that a massive campaign was going on against CPEC but the nation had understood that the project would prove to be a game changer for our future economic strength and added that there should be no doubts about CPEC benefits.

The naval chief said that to give a strong push to maritime economy, business and industry had a great role to play. He said that there was a great need to have academic research on maritime economy and hydrocarbons for which Bahria University would be tasked.

Similarly, Admiral Abbasi said that there was a great need to have a technology park, which would be set up in Karachi in the near future. In order to upgrade ship-breaking industry private sector would have to play a role in introducing latest know-how so that new opportunities opened up in that sector.

The naval chief said that propaganda was going on to malign Pakistan’s armed forces but relationship between the forces and the people of Pakistan were strong and it was appreciable that democratic process was strengthening in the country.

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