Shoura Council approves Saudi investment in Pakistan’s renewable energy

Pakistani workers prepare solar energy light panels on a road divider in Islamabad on February 2, 2014. (AFP)
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Updated 30 January 2020
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Shoura Council approves Saudi investment in Pakistan’s renewable energy

  • Saudi Arabia announced $20 billion investment in Pakistan’s renewable energy in February 2019
  • Cooperation with Saudi help Islamabad achieve its energy targets – AEDB chief

ISLAMABAD: The Saudi Shoura Council has approved a draft agreement between Saudi Arabia and Pakistan on renewable energy development.

“The Saudi Shoura Council approves a draft MoU between Saudi Arabia and the government of Pakistan to study investment opportunities in the refining and petrochemical sectors,” the Shoura Council said in a Twitter post on Tuesday.

“The government of Pakistan will certainly welcome the investment from international investors, including from the Kingdom of Saudi Arabia,” Dr. Rana Abdul Jabbar, chief executive of Pakistan’s Alternative Energy Development Board (AEDB), told Arab News on Wednesday.

He said that renewable energy cooperation between Pakistan and Saudi Arabia was initiated in February last year when the draft memorandum was signed during the visit of Crown Prince Mohammed bin Salman.

“The government has already signed the MoU with the Kingdom of Saudi Arabia for the development of renewable energy power projects in Pakistan,” Jabbar said.

During the crown prince’s visit, Saudi Arabia announced a $20 billion investment package for Pakistan, which includes the development of a petrochemical complex, renewable energy projects and investment in mineral resources. 

“The government of Pakistan is proactively pursuing the promotion and development of indigenous renewable energy resources through private parties’ participation,” Jabbar said, adding that the cooperation with Saudi Arabia is going to help the Pakistani government achieve its targets of 25 percent renewable energy share in the total energy mix by 2025 and 30 percent by 2030.

The targets are set in the Alternative and Renewable Energy Policy 2019 (ARE Policy 2019).


Pakistan Navy launches fourth Hangor-class submarine ‘Ghazi’ in China 

Updated 17 December 2025
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Pakistan Navy launches fourth Hangor-class submarine ‘Ghazi’ in China 

  • As per Islamabad’s agreement with Beijing, four of eight submarines will be built in China and the rest in Pakistan
  • Navy says all four submarines under construction in China undergoing sea trials, in final stages of being handed over

ISLAMABAD: The Pakistan Navy announced on Wednesday it has launched the fourth Hangor-class submarine named “Ghazi” at a Chinese shipyard in Wuhan, saying the development will help maintain peace in the region.

Pakistan’s government signed an agreement with China for the acquisition of eight Hangor-class submarines, the navy said in its press release. Under the contract, four submarines are being built in China while the remaining four will be constructed in Pakistan by the Karachi Shipyard and Engineering Works Ltd. company.

“With the launching of GHAZI, Pakistan Navy has achieved another significant milestone where all four submarines under construction in China are now undergoing rigorous sea trials and are in the final stages of being handed over to Pakistan,” the navy said. 

It further said that these submarines will be fitted with advanced weapons and sensors capable of engaging targets at standoff ranges. 

“Hangor-class submarines will be pivotal in maintaining peace and stability in the region,” the navy added. 

Pakistan’s agreement with China is set to strengthen its naval defenses, especially as ties with arch-rival India remain tense. 

India and Pakistan were involved in a four-day military confrontation in May this year before Washington intervened and brokered a ceasefire. Four days of confrontation saw the two countries pound each other with fighter jets, exchange artillery fire, missiles and drone strikes before peace prevailed. 

Pakistan’s air force used Chinese-made J-10 fighter jets in May to shoot down an Indian Air Force Rafale aircraft, made by France.

The altercation between the nuclear-armed neighbors surprised many in the military community and raised questions over the superiority of Western hardware over Chinese alternatives.

Islamabad has long been Beijing’s top arms customer, and over the 2020-2024 period bought over 60 percent of China’s weapons exports, according to data from the Stockholm International Peace Research Institute.