Pakistan's Prime Minister SharifNawaz Sharif has secured $21bn of Chinese investment in energy projects, the first major improvement to Pakistan's energy supply in two decades. The 10 Beijing-financed energy projects being built around Pakistan are set to increase the country's energy output by 60% in two years. Nawaz Sharif is hoping the investments in energy will improve his chances for re-election, according to Minister for Petroleum Shahid Khaquan Abbasi. This assistance by China to fix Pakistan's energy infrastructure could boost Pakistan's GDP growth to 7% annually.
Pakistan's Prime Minister Nawaz Sharif has secured $21bn of Chinese investment in energy projects, the first major improvement to Pakistan's energy supply in two decades. The 10 Beijing-financed energy projects being built around Pakistan are set to increase the country's energy output by 60% in two years. Sharif is hoping the investments in energy will improve his chances for re-election, according to Minister for Petroleum Shahid Khaquan Abbasi. This assistance by China to fix Pakistan's energy infrastructure could boost Pakistan's GDP growth to 7% annually.