Pakistan, June 27 -- Islamabad / Karak - Pakistan Oilfields Limited (POL) has announced a significant oil and gas discovery in Karak district, Khyber Pakhtunkhwa, signaling a much-needed boost for the country's struggling energy sector. The discovery, located in the TAL Block, was formally communicated to the Pakistan Stock Exchange (PSX).

The Makori Deep-2 well was drilled to a depth of 3,887 meters, where POL encountered promising hydrocarbon reservoirs. Initial testing has revealed production of 22.1 million cubic feet of gas per day (MMCFD) and 2,112 barrels of crude oil per day (BPD) - a considerable addition to Pakistan's domestic supply.

This find is especially important as Pakistan faces ongoing energy shortages and rising impor...