yes, but he couldn't dig in his land and get the oil himself, even though he owned it. Also, he couldn't sell the land to anyone other than oil companies, cuz of ghunda gardhi. and price power is with the oil company and federal gov, again cuz of ghunda gardi.
similarly, if you remember the balochistan gold/copper mine which was given away to a big foreign company officially for a tiny amount , which we know is not possible, cuz it was worth in billions. what happened is that big checks were collected by "senior" officials and deposited into swiss numbered accounts (not that hard to get if you have some money).
same would have happened to pak steel mills when they were trying to sell it to accelor mital a few years ago. they were to sell the mills at an extremely low rate (much much lower than the market value). CJ didn't get his piece of the cake this time, so he made a big issue out of it. had the deal happened, general saab would have maybe had a another apartment or two in high end areas of uk...
I don't want to live in this country anymore...