Islamabad: The federal government has initiated discussions on selling its shares to Saudi investors in the Reko Diq project to attract Saudi Arabian capital.
Saudi Arabia has also expressed interest in becoming a part of this project.
The Special Investment Facilitation Committee (SIFC) has written letters to federal agencies, emphasizing the need to finalize transactions with Saudi companies in the coming months.
According to reports, an official from the SIFC stated that Pakistan desires to create a separate block in the Reko Diq project for Saudi Arabia’s exploration of minerals. However, Saudi Arabia is currently more interested in investing in the ongoing project and is hesitant to take on the risks of mining in an unproven area where no work has been done before.
Dear TNT Reader,
At The News Tribe, our mission is to bring you free, independent, and unbiased news and content that keeps you informed and empowered. We are committed to upholding the highest standards of journalism, as we understand that we are a platform for truth.
Apart from independent global news coverage, we also commit our unique focus on the Muslim world. In an age marked by the troubling rise of Islamophobia and widespread misrepresentation of Muslims in Western media, we strive to provide accurate and fair coverage.
But to continue doing so, we need your support. Even a small donation of 1$ can make a big difference. Your contribution will help us maintain the quality of our news and counteract the negative narratives that are so prevalent.
Please consider donating today to ensure we can keep delivering the news that matters. Together, we can make a positive impact on the world, and work towards a more inclusive, informed global society.
Donate Monthly Subscription Annual Subscription
