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Saudi Arabia to Sign Deal for Pakistan Reko Diq Stake in Few Weeks

admin-augaf by admin-augaf
October 10, 2024
in Business, Finance
Reading Time: 1 min read
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Pakistan will get back $900 million payment of Reko Diq dispute if conditions not met
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Islamabad October 10 2024: Manara Minerals Investment plans an agreement to buy Pakistan government’s minority stake in Reko Diq copper and gold mining project controlled Barrick Gold, the kingdom’s investment minister Khalid bin Abdulaziz Al-Falih says at a business conference in Islamabad.

The Saudi joint venture is expected to invest at least $1 billion in the mining project in Pakistan’s southwestern Balochistan province.

Saudi minister is on three-day tour to Pakistan with a business delegation and had meetings with Pakistani leaders and officials.

Tags: Reko Diq
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