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30 September 2025
Author: Asif S Kasbati (FCA, FCMA & LLB)
A. Kasbati Views & Recommendation
Owing to matters in para B and C, your entity may consider investing directly or indirectly in Oil, Gas, Mineral and related Sectors.
B. Background
This refers to the Important QCs in trail, blue, italic and after double line (a) EIQC 392 dated 12.9.25 about US firms to Invest $500M in Pakistan’s Minerals Sector. (b) EIQC 362 dated 23.11.24 about Lithium Mining, Rechargeable batteries for EV, LT, Mobiles, etc & KCR
2. We also refer to Other QCs (a) BFIC 266 dated 21.3.24 about Gold & Silver rates Ramzan 1, 1441 to 45 & Guidelines (b) EIQC 175 dated 21.7.24 about Economic revival in country made by SIFC
C. Updated Commentary
1. Further to KQU 3543 dated 18.9.25, being an important matter, we would inform you about New oil and gas reserves discovered in Pakistan (Attachment 180.1) in the ensuing paragraph, with emphasis in bold & Underline for quick reading.
2. According to a statement issued by the PPL, oil and gas have been discovered from Dhok Sultan-III in the Potohar region. 4.13 mmcfd gas per day was discovered from Sultan 3 to 2113 barrels per day.
3. This discovery of oil and gas is the second deepest oil discovery in the Potohar region, this development indicates the presence of hydrocarbons in the Potohar Kohat sub-basin.
4. It should be noted that a few months ago, US President Donald Trump said that an agreement has been reached between the United States and Pakistan to extract Pakistan's vast oil reserves.
D. Further Details & Services
Should you require any clarification or explanations in respect of the above or otherwise, please feel free to email Mr Amsal at amsal@kasbati.co with CC to info.kasbati@professional-
Best regards for Here & Hereafter
Asif S Kasbati (FCA, FCMA & LLB)
Managing Partner
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