ISLAMABAD – Chief of Naval Staff Admiral Zafar Mehmood Abbasi has said thathuge reserves of oil and gas are expected to be explored in Pakistan soon,and can be a game changer for Pakistan’s economy.

The Naval Chief was addressing a gathering of businessmen andindustrialists on his visit to Koranghi Association of Trade & Industry(KATI).

Admiral ZM Abbasi revealed that huge hydrocarbon reserves have been locatednear the Makran region and Chinese experts will soon initiateexploration in the sea.

He said that there was a massive campaign to cast doubts about CPEC, butnow the nation has realized that this project will prove a game changer forour future and economy.

Regarding maritime economy and hydrocarbon reserves, he said that our seasneed a lot of academic research and development; keeping this in viewBahria University will be transformed into a maritime university soon.

He also told that a research and technology Park will be established inKarachi in future. “Our shipbreaking facilities have become outdated andnow to expand the sector we are bringing opportunities for the privatesector,” he noted.