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Event Title: Chairman Senate, Syed Yousaf Raza Gilani in a Meeting with The Delegation from Kerui Group, Led by Group Vice President, Mr. Wu Xiaogui at Parliament House, Islamabad
Event Date: 2025-01-14
Chairman Senate, Syed Yousaf Raza Gilani in a significant meeting with Mr. Wu Xiaogui, Vice President of Shandong Kerui Group, and Mr. Hatim Tabani,Executive Director of Tabani Group underscored the deepening ties between Pakistan and China in diverse sectors including energy sector. The meeting underlined a transformative era in its energy sector, one driven by strategic partnerships with China.
China’s unwavering trust and commitment to Pakistan's development have always been an invaluable source of progress, particularly in the energy sector. The collaboration with Shandong Kerui Group, alongside other Chinese investors, is integral to Pakistan’s clean energy future, said Chairman Senate. He highlighted that the two countries share a vision of sustainable growth and environmental stewardship, with clean energy fostering collaboration that benefits both our nations.
The meeting highlighted the extraordinary advancements made by Shandong Kerui Group in collaboration with Tabani Global in Pakistan’s energy infrastructure which spans over the past 15 years. Vice President, Mr. Wu briefed the Chairman about their presence internationally and locally where the group formed in 2001 and is now one of the global leader in equipment supplies and EPC contracting. Mr. Tabani also added that Pakistan’s Energy Sector has collaborated and provided strategic advanced equipment to Oil & gas companies in Pakistan including OGDCL, PPL and others.
Chairman Senate stressed that such initiatives aims at clean energy, focus on securing vital gas resources addressing the country's growing gas deficiency, and tackling the substantial amount of gas that is currently wasted in outdated pipeline systems should be addressed. This comprehensive approach to energy management is a crucial step toward ensuring long-term energy security for Pakistan.
As Pakistan grapples with rising energy demands and a need for cleaner, more sustainable solutions, Chairman Gilani reaffirmed Pakistan’s commitment to shifting its energy mix. Currently, the country’s power sector is heavily reliant on thermal sources, which poses significant environmental and economic challenges. Pakistan is now focused on diversifying its energy sources, aiming to increase the share of renewable energy through wind, solar, and hydropower projects.
We are keen to expand our cooperation in solar and wind energy projects, Gilani added, stressing the immense opportunities for foreign investors. In a forward-thinking move, Pakistan is also setting its sights on shifting to Electric Vehicles, driving the nation toward its environmental goals while reducing dependency on fossil fuels., Mr Gilani reaffirmed Pakistan’s commitment to safeguarding Chinese investments and assured the Group Vice President of any assistance that is required to facilitate and channelize foreign investment.
He also mentioned about the establishment of the Special Investment Facilitation Council (SIFC), a key initiative to streamline investment procedures and facilitate easier, more effective communication between investors and the government. This one-stop solution offers foreign investors the assurance of safety, transparency, and profitable returns, making Pakistan an increasingly attractive destination for global capital.
Under the China-Pakistan Economic Corridor (CPEC), both countries have already made significant strides in building critical infrastructure that links Pakistan’s vast energy resources with the burgeoning markets of Central Asia and the Middle East and this initiative of investment in supporting local industry by Kerui Group would be welcomed