After the election
Here’s pre-election scene 1: The government of Pakistan has undertaken some critical reforms including rationalization of gas prices, rationalization of electricity subsidies and lowering of trade tariffs.
Here’s pre-election scene 2: Saudi Aramco has invested $100 million and acquired a 40 per cent share in Gas and Oil Pakistan Ltd. Etisalat is making a substantial investment of $490 million to secure full ownership of Telenor Pakistan (Pvt) Limited. Shanghai Electric Group Company Limited has achieved a successful financial closing of $2 billion for Pakistan’s largest Thar coal-fired power project. Wafi Energy is investing some $200 million to acquire a majority stake in Shell Pakistan Limited. Shell Pakistan has 782 petrol pumps, 10 fuel terminals and a lubricant oil blending plant. Additionally, Islamabad and Riyadh have now agreed on a legal framework for multi-billion dollar Saudi investment.
Here’s........
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