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.