KARACHI: Pakistan wants to enhance the production of its indigenous petroleum products, Petroleum Minister Musadik Malik said on Wednesday, citing the financial burden that expensive crude oil imports have on the country’s fragile economy. 

Cash-strapped Pakistan relies heavily on imported petroleum products as its energy demands grow. Struggling with a balance of payments crisis, high inflation and steep currency devaluation, Pakistan is looking to secure cheaper energy imports and find alternate ways to lessen the cost of power generation. 

According to the Trade Development Authority of Pakistan (TDAP), the country’s indigenous oil production meets only about one-fifth of Pakistan’s current oil needs. The rest is met through high-cost imports.

Prime Minister Shehbaz Sharif has urged the government to turn toward renewable energy resources. Last month, he said the country currently imports oil worth $27 billion to meet its power and transportation needs, which puts a strain on the cash-strapped nation. 

Speaking at the Pakistan Energy Symposium, Malik said it would be difficult to manage the country with such a huge energy import bill when Pakistan’s exports were around $30 billion. 

“We want to first of all, produce as much of the petroleum products, including gas and crude, indigenously as much as possible,” the minister said, adding that the government has put blocks for bidding and is actively trying to attract global players in exploration activities.

Malik said the government is expediting oil and gas exploration within the country, adding that it welcomes foreign companies to invest in the sector.

“So, we are telling the world that Pakistan is open for business, our regulatory process, particularly the petroleum concession process is very dense and opaque,” he said. 

He said investment processes and information about oil and gas exploration have been digitized and simplified to facilitate the government’s aims to enhance indigenous production of energy resources. 

Malik advocated for increasing the utilization of Pakistan’s abundant renewable energy resources, pointing out that the country’s solar energy costs have significantly decreased. 
 

ISLAMABAD: The return of tried and tested Babar Azam as captain for the Twenty20 World Cup belies the massive changes in Pakistan cricket over the last 18 months.

Since Babar’s team lost the T20 World Cup final to England in November 2022, the Pakistan Cricket Board has had four chairmen, the selection panel has been overhauled, and the experiment with Shaheen Shah Afridi as skipper was quickly aborted.

A new head coach for the limited-overs formats joined the squad in England just weeks ahead of the June 1-29 World Cup in the US and Caribbean.

And to top it off, Pakistan will be the last team to confirm its 15-member World Cup squad as it continues to experiment with various combinations.

Babar is urging supporters to be patient, and there’s a plan in place for success.

Babar stepped down from all-formats captaincy during the tenure of Zaka Ashraf as head of the PCB after Pakistan failed to qualify for the semifinals of the 50-over World Cup in India last year.

But he was reinstated as T20 captain by Mohsin Naqvi — the fourth PCB chairman in less than 14 months — ahead of home series against New Zealand in April after Afridi lost the series in New Zealand 4-1.

Allrounder Imad Wasim and fast bowler Mohammad Amir came out of international retirement in the hope that their experience of playing in the Caribbean Premier League will benefit Pakistan in the West Indies.

South African Gary Kirsten, who was appointed last month as head coach, will gain some first-hand knowledge of the Pakistan squad during a four-match series in England that both teams are using to rehearse for the World Cup.

All these off-the-field happenings have impacted Pakistan’s preparations for the tournament.

It badly lost the away series to New Zealand, scraped to a drawn 2-2 series at home against the Black Caps and lost a T20 series against Afghanistan 2-1. A shock loss to Ireland in Dublin preceded back-to-back wins and 2-1 series result.

And so unpredictable Pakistan enters another world tournament as a team to watch because of its rich history in the T20 World Cup. It has featured in three finals, winning the title in 2009, and also reached the semifinals three other times.

One of Kirsten’s coaching tips has already resonated with the players.

“Gary told us, don’t play for the name on the back of your jersey but for the badge in front of your shirt,” Afridi told a PCB podcast. “And that stayed with me.”

The depth in its pace bowling, with the likes of Afridi, fit-again Haris Rauf, Naseem Shah and Amir, can pose a threat to any team. But Pakistan’s top-order batting was still unsettled going into the series in England. Left-hander Saim Ayub is yet to fire in his role after selectors decided to separate the successful T20 opening pair of Babar and Mohammad Rizwan.

Babar has faced criticism for not pushing the scoring rate in the T20 power play, particularly while batting first. Pakistan has mostly aimed for totals in the 170-180 range while other teams have crossed 200 on regular basis.

Political tensions between Pakistan and India means there hasn’t been a bilateral series for over a decade, but the ICC tournaments always attracts a huge TV audience when the archrivals meet.

Pakistan and India will play a group game on June 9 at a newly built 34,000-capacity Nassau County International Cricket Stadium in New York that will be the center of attention for South Asian communities.

Both teams are expected to advance to the Super 8 stage from a group that also contains tournament co-host US, Canada and Ireland.

Babar has twice gone close to lifting the trophy as captain, losing to eventual champion Australia in the 2021 semifinals and to England in the final in the Melbourne final the following year.

And for that, he’ll get the distinction of becoming the first player to lead a country in three successive T20 World Cups and will be aiming for third time lucky if his Pakistan lineup can reach the June 29 decider in Barbados.