‘My investor is my master’: PM Shehbaz seeks Turkish investment for 10,000MW solar project – Pakistan
Investment

‘My investor is my master’: PM Shehbaz seeks Turkish investment for 10,000MW solar project – Pakistan


Prime Minister Shehbaz Sharif on Saturday made a pitch to Turkish entrepreneurs to invest in a 10,000-megawatt solar power project for Pakistan, saying “my investor is my master”.

The premier sought the investment while addressing a meeting of the Pakistan-Turkiye business council in Istanbul, where he reached later for a two-day visit.

He told the investors that his government was resolved to cut down “very expensive” imports of oil and petroleum products, on which $27 billion was spent last year. “We simply can’t afford this.”

So, he explained, his government had invited foreign investment at a conference in Islamabad around a month and a half ago for a 10,000MW solar power project.

“It’s not just a paper, or a talk, or a feasibility,” he said about the project. “I, along with my colleagues, […] am committed to this philosophy that we shall implement this scheme with in letter and spirit with our own resources, with investment from Turkiye, from China, from Saudia Arabia, from Qatar, from the UAE (United Arab Emirates), from wherever.”

inauguration of the third of four Milgem Corvette ships for the Pakistan Navy at the Istanbul Shipyard on Friday.

The Milgem project — based on a joint collaboration between Turkiye and Pakistan — was signed with ASFAT inc, a Turkish state-owned Defence contractor firm in 2018, according to which the Pakistan navy would acquire four Milgem-class ships from Turkey.

Speaking about the project today, PM Shehbaz said Milgem Corvette was a “great step forward” in terms of defence cooperation between the two countries.

The premier also offered condolences over the loss of life in a “barbaric action” by terrorists against the innocent people of Turkiye.

“Our hearts go out to their families,” he said, adding that Turkiye, like Pakistan, had been a victim of terrorist attacks.


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