PM invites Saudi investment in energy sector

The Pakistani government, under the stewardship of caretaker Prime Minister Anwaar-ul-Haq Kakar, extended a warm welcome to Saudi investment in the nation’s energy sector during a recent meeting. Kakar conveyed this sentiment to a delegation from Saudi Arabia’s Al-Jomaih Group, headed by Sheikh Abdul Aziz Hamad Al-Jomaih.

Highlighting Al-Jomaih Group’s substantial investment in K-Electric, the Prime Minister’s Office affirmed the government’s commitment to resolving longstanding issues within the energy sector. The Saudi delegation expressed gratitude for the government’s efforts and outlined plans for new investment projects totaling 1,500 megawatts, emphasizing reliance on local resources and renewable energy.

Caretaker PM underscored the enduring brotherly ties between Pakistan and Saudi Arabia, noting their continued strengthening. He emphasized the significant value placed by the government on Saudi investment in Pakistan’s energy landscape. Praising K-Electric’s investment strategy in alternative energy, Kakar anticipated a positive impact on electricity tariffs and encouraged further enhancement of infrastructure to ensure uninterrupted power supply to consumers.

The caretaker prime minister extended an invitation to Al-Jomaih Group to explore investment opportunities in Pakistan’s burgeoning alternative energy sector. The meeting, attended by Caretaker Federal Minister for Finance Dr. Shamshad Akhtar, Caretaker Federal Minister for Energy Muhammad Ali, and other senior government officials, highlighted the collaborative efforts to foster sustainable energy solutions and economic growth.