ISLAMABAD: Pakistan will get 3,000MW electricity from Iran through a Dubai-based international company.

The Al-Aqili Group, which has offered to supply 3,000MW to Pakistan from Iran under a long-term contract, signed a memorandum of understanding with the ministry of water and power here on Monday.

The group will also finance and lay transmission lines to add electricity to the national grid under the terms of the agreement.

The signing ceremony was witnessed by Minister for Water and Power Khawaja Mohammad Asif and Chief Executive Officer of the Al-Aqili Group Mohamed Saeed Al-Aqili.

Mr Asif said that besides making efforts for increasing the generation capacity, import of power was a viable option. “We can ensure uninterruptible supply of electricity in the country only by looking at all avenues.”

He expressed the hope that the project would prove to be a major achievement of the government in eliminating the menace of loadshedding and strengthen economic ties with the United Arab Emirates.

The Al-Aqili Group is rated among the world’s top group of companies and has a number of high-profile partnerships with prominent multinationals.

Opinion

Misplaced anger at poor show
24 Jan 2021

Misplaced anger at poor show

In the UK, when a party is elected to office after being in the opposition, its leader takes over as prime minister seamlessly.

Editorial

Updated 24 Jan 2021

Delayed olive branch

THE PTI government has finally mustered up sufficient political prudence to extend an olive branch to the opposition...
24 Jan 2021

Bureaucracy reform

WHILE the intention behind the endeavour may be lauded, the civil service reform package unveiled by the government...
24 Jan 2021

Minority rights

ON Thursday, the United Nations General Assembly adopted a resolution to safeguard religious sites around the world,...
23 Jan 2021

Power price hike

ALREADY struggling to cope with the impact of the Covid-19 pandemic and rising food prices, consumers received yet...
Updated 23 Jan 2021

Israeli land grab

WITH the chapter now closed on the Trump presidency, the eyes of many in the international community — ...
23 Jan 2021

New PhD policy

EARLIER in the week, the HEC chairman announced several changes for undergraduate and PhD degrees in the country....