Pakistan, May 2 -- Pakistan stands at a pivotal energy crossroads. With global momentum pushing toward a post-oil world by 2050, as envisioned under the International Energy 's Net Zero 2050 mandate, the country has a narrowing window, of perhaps 25 years at most, to reduce its dependence on costly imports, responsibly exploit its hydrocarbon resources, and use these revenues to support a just and sustainable energy future. Petroleum will not be the future, but it remains the present. And unless urgent reforms are undertaken, Pakistan risks missing the last opportunity to extract strategic value from its own resources or attract investment to become energy independent

Despite vast reserves and strategic geography, Pakistan's oil sector w...