•   Monday, 30 Jan, 2023
PM Shehbaz

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

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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.

PM had given approval for the execution of the solar project in September as part of measures to reduce the import bill.

“It’s not just a paper, or a talk, or a feasibility,” he said about the project today. “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 the United States of America, from wherever.

He assured the investors that the Pakistan government would create a conducive, enabling and friendly environment for them to invest in the project.

“Please try to understand that past is past, and we are walking into the future with a sense of great understanding, learn our lesson from the past.

We will move forward with this commitment that my investor is my master. And that’s what I believe — not from today but from ages — and that’s what we are going to implement in times to come,“ he convinced his audience.

“Please be ready with your coffers open,” he urged them, announcing that his government would be organising a special conference for “my Turkish brothers and sisters” where a presentation would be given on the plan for the project.