Pakistanâs mineral commoditiesâ production is slow-paced despite the abundance of minerals and metal deposits. The 6 th largest producer of this oil is Russia with a production of 1,437,000 MT; Ukraine being the 5 th has a production of 2,367,000 MT Leave a Comment Cancel reply. The copper and gold are currently traded at about $5,000 per ton and $600 per ounce respectively in the international market. Pakistan is a world leader in the use of compressed natural gas (CNG) for personal automobiles. Coal mining started in the British colonial era and has continued to be used by Pakistani industries after independence in 1947. [12] Currently there are over 3200 automotive manufacturing plants in the country, with an investment of â¨92 billion (US$570 million) producing 1.8 million motorcycles and 200,000 vehicles annually. [6], Pakistan's first gas field was the giant gas field at Sui in Balochistan which was discovered in the late 1952. The Sui gas field is the biggest natural gas field in Pakistan. Major reserves of copper and gold in Balochistan's Reko Diq area have been discovered in early 2006. From Sui, gas is piped to Karachi, Hyderabad, Sukkur and Quetta. The report also said that Sindh and Punjab are the biggest gas consumers with 46pc and 42pc share respectively, followed by Khyber Pakhtunkhwa and Balochistan using 10pc and 2pc gas, respectively. The search for oil resulted in the discovery of gas in 1952 at Sui, Balochistan. Nowadays oil and gas are major resources and also the major issues of Pakistan, however the problems of oil has been solved up-to some ⦠[13] Dubai Ports World is also discussing the possibility of the company taking over operational management of Gwadar port in Balochistan. The report also said that Sindh and Punjab are the biggest gas consumers with 46pc and 42pc share respectively, followed by Khyber Pakhtunkhwa and Balochistan using 10pc and 2pc gas, respectively. [16], The Federal Bureau of Statistics provisionally valued this sector at Rs.178,819 million in 2005 thus registering over 88% growth since 2000.[5]. Pakistan consumes 1,590,904 million cubic feet (MMcf) of natural gas per year as of the year 2017.; Pakistan ranks 21st in the world for natural gas consumption, accounting for about 1.2% of the world's total consumption of 132,290,211 MMcf. production of shale gas i n Pakistan to attract loca l as well as foreign inve stment. Pakistan is a country located in the Middle East near the Arabian Sea and the Gulf of Oman. [7] Till recently Sui gas field accounted for more than one-third of Pakistanâs total gas production. 021-111-888-222. Editors: Zaman Khan I Abdullah Niazi I Mariam Zermina I The country has immense reserves of various minerals and natural resources. Pakistan is the 5th largest mango producer in the world. The province has significant quantities of copper, chromite and iron, and pockets of antimony and zinc in the south and gold in the far west. By 2010 the spinning capacity increased to 15 million spindles and textile exports hit $15.5 billion. On average, during the last 5 years, more than 324,534 consumers were connected to the gas network in 2015-16, out of which about 255,736 consumers were in Punjab. Pakistan Today. Like other cash crops, sugarcane is one of the most important cash crops of Pakistan and the main; it is the main contributor for sugar production besides paper and board industry. Software development also has a huge potential, which is being utilized as a result of numerous projects initiated by the Government of Pakistan. a. Punjab b. Sindh c. Balochistan d. KPK 5 / 5 ( 1 vote ) Business, Economic & Financial news by 'Pakistan Today'. Categories Pakistan Minerals MCQs, Pakistan Study MCQs Post navigation. Pakistan production of crude oil was at level of 85 thousand barrels per day in September 2020, unchanged from the previous month. Pakistan is also a major producer of Bituminous coal, Sub-bituminous coal and Lignite. 3. Cotton textile production and apparel manufacturing are Pakistan's largest industries, accounting for about 65% of the merchandise exports and almost 40% of the employed labour force. A. Dhulian (Punjab) B. Sui (Baluchistan) C. Kandhkot (Sindh) D. None of these. The Government has taken steps to invest in this crucial sector with the recent establishment of a Marble City within Balochistan. Domestic petroleum production totals only about half the country's oil needs, and the need to import oil has contributed to Pakistan's trade deficits and past shortages of foreign exchange. Arabian Sea Key: international boundary province-level boundary disputed boundary gas-producing regions natural gas pipeline JAMMU AND KASHMIR disputed territory N 0 100 200 km 300 Quetta Lahore Karachi Peshawar Multan Fig. Crude Oil Production in Pakistan averaged 69.08 BBL/D/1K from 1994 until 2020, reaching an all time high of 97 BBL/D/1K in December of 2016 and a record low of 50 BBL/D/1K in April of 1999. ; Pakistan consumes 0.11 gallons of oil per capita every day (based on the 2016 population of 203,631,353 people), or 42 gallons per capita per year (1 barrels). Natural gas production is at a relatively high level and remaining reserves are estimated to be about 885.3 billion cu m (1 January 2009 est.). FBR directs action against corporate tax defaulters, PM orders dissolution of market committees in Punjab, KP, Pakistan, Germany agree to enhance cooperation in IT sector, Bogo raises seed round from Fetchsky and Wah! MULTAN: Pakistan is the fifth largest sugarcane producer in the world with an annual production of 63,800 thousand metric tons (TMTs), after Brazil, India, China and Thailand. According to Government estimates, during the next 15 years the demand for Although Pakistan has been blessed with natural gas reserves, âSui Gasâ, the largest natural gas field located at Sui, Balochistan but years of mismanagement, lack of strategic vision, limited investments in energy sector and inadequate exploration of these gas reserves have led to shortage of natural gas in Pakistan. The Reko Diq mining area has proven estimated reserves of 2 billion tons of copper and 20 million ounces of gold. Alberta is also renowned for agriculture, especially for the vast cattle ranches that make Canada one of the worldâs major beef producers. The government has initiated various measures to plug the gap between demand and supply which includes: incentivising indigenous exploration, import of natural gas in the form of Liquefied Natural Gas, and import through the development of Cross Country Gas Pipelines, the report said. Agriculture accounts for about 18.9% of Pakistan's GDP and employs about 42.3% of the labour force. 3.1, a map showing gas producing regions and the natural gas pipeline network in Pakistan. However, the exploitation of energy resources has been slow due to a shortage of capital and domestic political constraints. Pakistan's industrial sector accounts for about 64% of GDP. Pakistan's auto market is considered among the smallest, but fastest growing in South Asia. [19] In early 2005, the government approved a 25-year Energy Security Plan to boost electric capacity eightfold. According to a report published by Oil and Gas Regulatory Authority (OGRA), Balochistan produced 17pc of the total natural gas in the country; but consumed only 2pc natural gas during 2015-16. The consumption of cotton increased by 5.7% over the past five years while the economic growth rate was 7%. Economy of oil and gas is Pakistan 25th largest economy in Pakistan. MOUs have been signed with Alternate Energy Development Board. Natural gas is the country´s main source of fuel accounting for 50% of all energy consumption. The Federal Board of Revenue (FBR) has ordered for penalties to be imposed on the corporate sector over non-filing of returns and recovery of... Saudi Arabia and the United Arab Emirates (UAE) have not withdrawn loans worth $2 billion that matured last month, signalling that relations between Pakistan and... ISLAMABAD: Prime Minister Imran Khan on Tuesday decided to immediately dissolve existing market committees in Punjab and Khyber Pakhtunkhwa, besides issuing directions for implementation of... ISLAMABAD: Pakistan and Germany have agreed to enhance cooperation in the information technology (IT) and telecommunication sector. In addition to the lint, cottonseed for oil and meal accounts for 80 percent of the national oilseed production.In 1991-92, cotton was grown over about 2.836 million ha, with gl percent of this area in Punjab. The current government has announced that privatization in the oil and gas sector is a priority, as is the substitution of indigenous gas for imported oil, especially in the production of power. Similarly, natural gas was also discovered 1952 at the giant gas field Sui in the province of Balochistan. Pakistan's gas fields are only expected to last for about another 20 years at the most due to heavy industrial usage. 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