Saudi Arabia to Explore Investment Opportunities in Pakistan's Power Sector

Pakistan has offered Saudi Arabia investment opportunities worth billions of dollars in power transmission, smart grid technology and energy infrastructure as both countries move to strengthen cooperation in the electricity sector.

The discussions come as Pakistan seeks to modernize its aging power system, improve efficiency and attract foreign investment to support long-term energy sector reforms.

The proposals were presented during a meeting between Pakistan’s Minister for Energy (Power Division), Sardar Awais Ahmad Khan Leghari, and Saudi Arabia’s Energy Working Group. The talks focused on expanding bilateral cooperation, promoting investment and accelerating the transformation of Pakistan’s electricity sector.

Leghari led the Pakistani delegation during the joint working group session held in Saudi Arabia, where he met Saudi Assistant Minister of Energy for Electricity Affairs Nasser Al-Qahtani. The discussions also included Saudi Assistant Minister of Energy for Oil and Gas Mohammed Alibrahim and Deputy Minister for Oil and Gas Majed Aloutaibi, with both sides exploring opportunities related to energy transition, sector reforms and infrastructure investments.

During the meeting, the Pakistani minister outlined the government's strategy to improve operational efficiency, strengthen governance, modernize electricity infrastructure and restore financial sustainability in the power sector. He said Pakistan is seeking greater private sector and foreign investment, particularly to expand transmission capacity and upgrade the national grid to meet growing electricity demand and facilitate higher renewable energy integration.

Pakistani officials also briefed the Saudi delegation on the country's nationwide smart metering programme, highlighting its role in reducing electricity theft, lowering technical and commercial losses, improving billing accuracy and enhancing consumer services.

The discussions reflect Pakistan's broader efforts to build strategic partnerships for modernizing its power infrastructure, improving grid reliability and creating a more investment-friendly electricity market. Saudi Arabia, which has been expanding its economic engagement with Pakistan, has previously shown interest in investment opportunities across the energy, mining and infrastructure sectors.