A representative image of an open pit mine. —Reuters/File A Gulf country will initially obtain 10% of the shares. Foreign exchange will be introduced into Pakistan. Revised valuation of project shares in the works. ISLAMABAD: Pakistan and the Kingdom of Saudi Arabia (KSA) are set to finalize details of the multi-billion dollar Reko Diq project … Read more
Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef speaks during an interview with Reuters at the World Economic Forum (WEF) in Riyadh, Saudi Arabia, April 28, 2024. — Reuters Exploring how we can help Pakistan in certain infrastructure: minister. According to him, without infrastructure, the economic aspects of the transaction are not attractive. Malik … Read more
Muslim pilgrims circle the Kaaba as they perform Tawaf at the Grand Mosque, during the annual Hajj pilgrimage, in Mecca, Saudi Arabia. — Reuters/File Pakistan introduces a short Hajj program of 20 to 25 days. Pilgrims should choose accommodation in Medina for 4 to 8 days. Saudi minister assures better facilities to Pakistani pilgrims. Pakistan … Read more
An image of the Tethyan Copper Company (TCC) gold and copper mining exploration project site in Reko Diq, Balochistan. -TCC The Minister of Oil rejects media reports on the participation of Reko Diq. The government is having positive discussions with the kingdom in this regard: Malik. “A deal with Saudi Arabia on Reko Diq shares … Read more