Petroleum Minister Musadik Malik has denied stories of a cope with Saudi Arabia concerning the Reko Diq venture.
In a gathering with journalists in Islamabad on Tuesday, Malik stated negotiations with Saudi Arabia over Reko Diq are ongoing and progressing positively. Nonetheless, he clarified that no deal has been finalised but.
He expressed hope {that a} cope with Saudi Arabia could be finalised quickly, with sturdy prospects for completion by early 2025.
He additional clarified that the information about cupboard approval for the deal was additionally incorrect. Nonetheless, a committee has been shaped to supervise the deal, which has accomplished its work.
Earlier, it was reported that federal cupboard has authorised the sale of a 15% stake within the Reko Diq mining venture to Saudi Arabia, beneath an intergovernmental transaction settlement.