Saudi delegation signs key MoUs to expand investment in Karachi’s power sector

Head of Saudi delegation visiting Pakistan, Prince Mansour bin Mohammed bin Saad Al Saud (front-right) signing an MoU with Pakistan's Sindh government in Karachi, Pakistan, on October 9, 2025. (Government of Sindh)
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Updated 09 October 2025
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Saudi delegation signs key MoUs to expand investment in Karachi’s power sector

  • Saudi-Pakistan Joint Business Council inks share-sale deal in KES Power and cooperation pact with K-Electric
  • Visiting Saudi delegation prioritizes investment in food security, mining, tourism and privatization under Vision 2030

KARACHI: A Saudi business delegation on Thursday signed key two memorandums of understanding (MoUs) to strengthen investment in Karachi’s energy sector, as Riyadh seeks deeper economic engagement with Pakistan under its Vision 2030 initiative.

The delegation, led by Prince Mansour bin Mohammed bin Saad Al Saud, chairman of the Saudi-Pakistan Joint Business Council, finalized a share-sale agreement in KES Power Limited and a cooperation framework between K-Electric and Trident Energy Limited to explore new investment in Pakistan’s power and infrastructure markets.

“These agreements reflect growing international investor confidence in Pakistan’s energy market and a renewed commitment to enhancing power generation, transmission and distribution infrastructure in the country,” the Sindh administration said in a statement issued after the signing.

Sindh Chief Minister Syed Murad Ali Shah, who hosted the delegation at his official residence, said the province offered some of Pakistan’s richest energy and mineral resources along with major opportunities in food production, technology and housing.

“Karachi, the financial capital of Pakistan, contributes 30 percent of the national GDP,” he said. “Sindh has the country’s richest wind and solar corridors, particularly in Jhimpir and Gharo, with a potential of over 50,000 megawatts.”

He highlighted Sindh’s public-private partnership model and its $5 billion investable portfolio, emphasizing the government’s commitment to simplifying investment procedures and providing one-window facilitation for foreign investors.

Prince Mansour later said Saudi investors were also exploring opportunities in Pakistan’s energy, gas and mining sectors, as well as tourism and coastal development.

“We would like to take benefit from the beaches — you have the longest beach here in [Sindh] and also in Balochistan — but in Karachi the potential is very high,” he said.

He added that Saudi investors were evaluating Pakistan’s privatization plans, including ventures in ports, airports, education and health, and that the council was considering establishing an institute focused on information technology and emerging technologies to tap into local expertise.

“Our council is looking ... to be here in Pakistan,” he said. “Mainly, our priority is always going to be the food security.”

He maintained that the initiative to visit Pakistan was driven by Saudi leadership’s vision.

“Our leadership in Saudi Arabia has instructed us to be part of Pakistan’s economy,” he added.

The prince noted that his council was not new, with many Saudi businesses already working with local companies in Pakistan. However, he pointed out the idea was to work on the ground and strengthen partnerships that benefit both countries.

Both sides agreed to establish joint working groups in priority sectors to ensure targeted follow-up on investment projects and policy coordination. 


Pakistan opposition rallies in Khyber Pakhtunkhwa to demand release of Imran Khan

Updated 07 December 2025
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Pakistan opposition rallies in Khyber Pakhtunkhwa to demand release of Imran Khan

  • PTI-led gathering calls the former PM a national hero and demands the release of all political prisoners
  • Government says the opposition failed to draw a large crowd and accuses PTI of damaging its own politics

ISLAMABAD: Pakistan’s opposition led by the Pakistan Tehreek-e-Insaf (PTI) party demanded the release of jailed former prime minister Imran Khan at a rally in the northwestern Khyber Pakhtunkhwa province on Sunday, describing him as a national hero who continues to command public support.

The gathering came days after a rare and strongly worded briefing by the military’s media chief, Lt. Gen. Ahmed Sharif Chaudhry, who dismissed Khan as “narcissistic” and “mentally ill” on Friday while responding to the former premier’s allegations that Pakistan’s chief of defense forces was responsible for undermining the constitution and rule of law.

He said that Khan was promoting an anti-state narrative which had become a national security threat.

The participants of the rally called for “civilian supremacy” and said elected representatives should be treated with respect.

“We, the people of Pakistan, regard Imran Khan as a national hero and the country’s genuinely elected prime minister, chosen by the public in the February 8, 2024 vote,” said a resolution presented at the rally in Peshawar. “We categorically reject and strongly condemn the notion that he or his colleagues pose any kind of threat to national security.”

“We demand immediate justice for Imran Khan, Bushra Bibi and all political prisoners, and call for their prompt release,” it added, referring to Khan’s wife who is also in prison. “No restrictions should be placed on Imran Khan’s meetings with his family, lawyers or political associates.”

Addressing the gathering, Sohail Afridi, the chief minister of Khyber Pakhtunkhwa, denied his administration was not serious about security issues amid increased militant activity. However, he maintained the people of his province had endured the worst of Pakistan’s conflict with militancy and urged a rethinking of long-running security policies.

The resolution asked the federal government to restore bilateral trade and diplomatic channels with Afghanistan, saying improved cross-border ties were essential for the economic stability of the region.

The trade between the two neighbors has suffered as Pakistan accuses the Taliban administration in Kabul of sheltering and facilitating armed groups that it says launch cross-border attacks to target its civilians and security forces. Afghan officials deny the claim.

The two countries have also had deadly border clashes in recent months that have killed dozens of people on both sides.

Some participants of the rally emphasized the restoration of democratic freedoms, judicial independence and space for political reconciliation, calling them necessary to stabilize the country after years of political confrontation.

Reacting to the opposition rally, Information Minister Attaullah Tarrar said the PTI and its allies could not gather enough people.

“In trying to build an anti-army narrative, they have ruined their own politics,” he said, adding that the rally’s reaction to the military’s media chief’s statement reflected “how deeply it had stung.”

“There was neither any argument nor any real response,” he added, referring to what was said by the participants of the rally.