Islamabad/Riyadh (TDI): Minister for Petroleum Dr. Musadik Malik has emphasized the need to promote international cooperation to meet the global demand for minerals.
The minister expressed these views while participating in a panel discussion during the “Future Minerals Forum” in Riyadh.
The Pakistan Pavilion has become the focus of the forum’s participants.
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The Pakistani delegation hosted a ninety-minute segment of the forum.
The speakers highlighted the conducive environment for investment in the mining sector of Pakistan and the government’s strategic vision for the development of this sector.
Minister aims at foriegn investment
According to a report by Reuters, Saudi Arabia is poised to invest multi-million dollar in Pakistan’s mining sector.
Saudi Mining Minister Bandar Alkhorayef told Reuters on Wednesday that Saudi Arabian mining company Manara Minerals was looking at investing in Balochistan’s Reko Diq mine.
He added that the Saudi Development Fund could contribute over $100 million to Pakistan’s mining infrastructure.
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“Part of what we are looking at is how we can help Pakistan also in some infrastructure,” Alkhorayef said in an interview on the sidelines of the Future Minerals Forum in Riyadh.
“Without that infrastructure, the economics of the deal are not attractive, so through the Saudi Development Fund we are thinking about how we can finance it.”
