ISLAMABAD: Federal Minister for Power and Petroleum Omar Ayub Khan said that work has started on $14.5 billion worth of Saudi Arabia’s energy and petroleum projects in Pakistan.
The projects are contributions to Pakistan’s effort to boost the production and use of oil and renewable power to meet energy demands.
In an interview, the minister told that the Saudis are helping us in the installation of 500 megawatts renewable energy projects worth $4.5 billion in Balochistan and a $10 billion mega oil refinery in Gwadar. These projects are a part of the $20 billion investment announced during the visit of Saudi Crown Prince Muhammad bin Salman.
$4.5 billion have been invested to explore renewable energy potential in the country. The minister told that Saudi company Aqua power, Pakistani National Transmission & Despatch Company (NTDC) and other leading companies are conducting studies to look into hybrid and solar power. Only about 5-6% of Pakistan’s national electrical grid currently comes from renewable energy according to the Alternate Energy Development Board (AEDB).
For more news and blogs, visit blog.graana.com.
Islamabad: The federal government is likely to include the Tax Laws (Amendment) Bill, 2024 in…
Islamabad: The International Monetary Fund (IMF) Executive Board is set to convene on Friday, May…
Members of the National and Punjab Assemblies have lauded the provincial government’s plan to introduce…
ISLAMABAD: The Capital Development Authority (CDA) has recorded a historic development expenditure of Rs25 billion…
ISLAMABAD: The federal government is set to inaugurate the Islamabad Information Technology Park on August…
Lahore, April 23, 2025 – The city of Lahore has successfully completed the construction of…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
