Saudi Arabia expresses interest in injecting $1 billion into the Reko Diq project, known for its vast copper and gold reserves in Balochistan. Pakistan considers selling shares of OGDCL and PPL to Saudi Arabia, with negotiations set to commence soon.
Prime Minister Shehbaz Sharif will establish a committee to oversee Saudi investment in Reko Diq, comprising officials from relevant ministries. The committee will visit Saudi Arabia for final negotiations, aiming to sign an inter-governmental agreement for the investment.
Reko Diq, a significant mining project, holds substantial potential, with Pakistan and Barrick Gold Corporation signing an $8 billion agreement in December to restart the project after a hiatus since 2011.
Pakistan's government is in talks to renegotiate contracts with independent power producers (IPPs) in a…
Simon Milner, Meta’s Vice President of Public Policy for the Asia Pacific region, joined Talha…
Women have emerged as the top winners in the State Bank of Pakistan’s (SBP) competition…
The federal government has announced a series of austerity measures, including a ban on new…
Pakistan cricket team's wicket-keeper and batsman Mohammad Rizwan has emerged as a strong candidate for…
Wenchang city, located in the northeast of Hainan Island, China, was struck by Typhoon Yagi,…
This website uses cookies.
