Caretaker Prime Minister Anwaarul Haq Kakar recently held a significant meeting with a delegation from Saudi Arabia. The delegation, led by Sheikh Abdulaziz Hammad, represented the Al-Jomaih Group. This meeting focused on potential investments in Pakistan’s alternative energy sector.
Strengthening Ties and Investment Opportunities
The prime minister highlighted the strong, brotherly relationship between Pakistan and Saudi Arabia. He emphasized that these ties are growing stronger. During the meeting, Mr. Kakar acknowledged the Al-Jomaih Group’s substantial investment in K-Electric. He expressed his appreciation for Saudi investments in Pakistan, particularly in the energy sector.
Mr. Kakar praised K-Electric’s strategy of investing in alternative energy. He noted that this approach could lead to lower power tariffs, ultimately benefiting consumers. The prime minister also expressed hope that K-Electric would enhance its infrastructure. This improvement would ensure a steady power supply to both domestic and industrial consumers.
The Al-Jomaih Group thanked the prime minister and his government team. They appreciated the resolution of longstanding issues faced by their company. The delegation also shared details about their 1,500-megawatt projects. These projects will utilize local resources and focus on alternative energy.
Key figures attended the meeting, including Federal Finance Minister Dr. Shamshad Akhtar, Minister for Energy Muhammad Ali, and senior officers. This gathering underscores the growing economic collaboration between Pakistan and Saudi Arabia.
