Pakistan likely to receive S Arabia’s $1b investment next month 

Pakistan likely to receive S Arabia’s $1b investment next month 

Islamabad: A Saudi investment of up to one billion dollars is likely next month in the Reko Diq Copper Gold project located in Balochistan’s Chagai district.

Special Investment Facilitation Council is trying to remove obstacles in this regard.

In order to ensure the smooth completion of Saudi investments, the Prime Minister will constitute a committee of Finance Ministry, comprising all stakeholders of country.

Following this investment, Pakistan and Saudi Arabia will sign agreements for further investment in the mining sector.

Earlier, Prime Minister Shahbaz Sharif applauded Saudi Arabia's unwavering support for Pakistan, highlighting the kingdom’s role in seeing the country through the testing times.

“During our meeting, Crown Prince Mohammed bin Salman Al Saud reaffirmed that Saudi Arabia will never leave Pakistan’s side and expressed the Saudi government's boundless affection for the nation,” PM Shehbaz said.

The auspicious event was attended by dignitaries including Dr Mohammad bin Abdul Karim Al-Issa, Secretary-General of the Muslim World League.

The PM thanked Saudi Arabia for its special attention to Pakistan, noting that the ties between the two nations were exemplified by initiatives ranging from the iconic Faisal Mosque to the upcoming Seerat Museum.

The premier also announced that a high-level Saudi delegation would soon visit Pakistan, which would bring the two countries even closer.