Tag: investment

China to invest $10 billion in oil and gas sector: Khusro

China has decided to invest $10 billion in oil and gas, $4 billion in local manufacturing and steel sector and $9 billion have been approved for ML-I railway project under the China-Pakistan Economic Corridor (CPEC), according to Minister for Planning, Development, and Reform, Khusro Bakhtyar. The government has taken several important decisions that paved the way for the finalization of the Gwadar master plan and preliminary design of the ML-1 project, operationalization of Gwadar Port and free zone. 

Russia to invest $8 billion in Pakistan after resolving 40 year old trade dispute

Pakistan and Russia have finally agreed to settle a 4-decade old trade dispute, with the latter agreeing to invest $8 billion. Sindh High Court dismissed the previous case as the involved parties reached an out of court agreement, paving the way for the agreement to be officially signed. Under the agreement, Russia and Pakistan will get the pending payments and Russia will go ahead with its plan of investing $8 billion in different energy projects and Pakistan Steel Mills.

Saudi Arabia might invest $4 Billion in Solar Projects in Baluchistan

Baluchistan has a huge potential for solar energy generation, and to tap this unexplored potential, the Government of Pakistan is in talks with Saudi Arabia for investment in the solar energy sector in Baluchistan. According to Power and Petroleum Minister, Omer Ayub Khan, talks are underway to attract investment worth $4 billion to uplift the energy sector in Baluchistan.