In a positive development, Pakistan seek yet another investment worth $3 billion: Report

Shares
In a positive development, Pakistan seek yet another investment worth $3 billion: Report

ISLAMABAD - In a positive development, Pakistan seek yet another investment worth $3 billion, Media Report has revealed.

K-Electric seek investment of $3 billion over the next four years across its value chain. This was stated by KE Chief Financial Officer Aamir Ghaziani at the Corporate Analyst Briefing session held at the Pakistan Stock Exchange (PSX) on Wednesday. K-Electric CEO Moonis Alvi was also present on the occasion.

The participants were informed about the company’s financial performance and continued operational improvements, including growth in sent-out, reduction in T&D losses and sustained improvement in recovery levels,Pakistan Today has reported.

These improvements were underpinned by investments of more than $2.4 billion from FY2009 to FY2019, in all business verticals, including investments of over $960 million in the last three years alone.

The CFO said in order to maintain this growth momentum, investments in infrastructure across the value chain is crucial, including a 900MW RLNG-based BQPS-III, a 700MW coal-based IPP project, and transmission & distribution related projects.