Pakistan’s Petroleum Minister Musadik Malik has denied reports claiming that a deal has been finalized with Saudi Arabia regarding the Reko Diq mining project. In a press briefing in Islamabad, Malik stated that while negotiations with Saudi Arabia are progressing positively, no agreement has been signed yet.
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Malik also clarified that recent reports about the federal cabinet approving a 15% stake sale in the Reko Diq project to Saudi Arabia were inaccurate. He added that a committee overseeing the deal has completed its work, but the transaction is still under discussion.
The government is hopeful that a deal will be reached soon, with expectations for completion by early 2025.
