The United Kingdom has offered Pakistan $400 million to strengthen the Geological Survey of Pakistan. The proposal emerged during a meeting between Federal Minister for Petroleum Ali Pervaiz Malik and British High Commissioner Jane Marriott. Both sides discussed expanding cooperation in the energy and minerals sectors`
The offer focuses on capacity building to improve geological mapping, data management, and institutional capability. As a result, Pakistan aims to unlock greater potential in its mineral resources.
Focus on Energy and Minerals Cooperation
During the meeting, both sides agreed to deepen collaboration in oil and gas development. They also explored wider cooperation across the minerals sector.
Ali Pervaiz Malik said Pakistan is actively working to enhance institutional strength in the energy sector. He emphasized that cooperation between geological surveys would support sustainable minerals development.
Moreover, improved geological capacity could help Pakistan attract responsible foreign investment. It may also strengthen long-term planning in the natural resources sector.
Opportunities for British Companies
The petroleum minister invited British companies to partner with Pakistani public sector institutions. He highlighted potential collaboration in exploration and development projects.
He also encouraged British firms to consider investing in offshore oil and gas exploration. According to him, Pakistan offers untapped opportunities in this area.
Such partnerships could transfer technical expertise while supporting local workforce development. Consequently, both countries could benefit from shared growth.
UK Sees Investment Potential in Pakistan
British High Commissioner Jane Marriott said Pakistan presents significant investment opportunities. She expressed interest in strengthening economic engagement between the two countries.
The meeting also reviewed a diagnostic assessment for restructuring the Oil and Gas Regulatory Authority. Officials discussed ways to improve regulatory efficiency and governance.
This review forms part of broader efforts to modernize Pakistan’s energy framework. Improved regulation could encourage private sector confidence.
Strengthening Long-Term Economic Ties
The $400 million offer reflects growing UK interest in Pakistan’s resource potential. It also signals confidence in Pakistan’s reform efforts.
By enhancing geological capacity, Pakistan aims to improve transparency and efficiency in resource management. In turn, this could support economic stability and energy security.
Both sides agreed to continue dialogue and explore practical steps forward. The meeting marked another step toward stronger UK-Pakistan economic cooperation.
