Saudi Arabia has shown a strong commitment to expanding mineral investment in Pakistan, signaling deeper economic cooperation between the two nations. The interest emerged during a high-level meeting in Islamabad on Tuesday, where Saudi Deputy Minister for Mining Abdul Rahman Al-Balushi led a delegation to meet Pakistan’s Petroleum Minister Ali Pervez Malik.
Saudi Delegation Expresses Technical Support
The Saudi delegation expressed its willingness to provide technical support for Pakistan’s geological development. This includes offering expertise in geological surveys and mapping, areas crucial for the growth of Pakistan’s mining sector. The visit marks a significant step in Riyadh’s increasing focus on mining partnerships beyond its borders.
Abdullah Al-Shamrani, CEO of the Saudi Geological Survey, was part of the delegation. He invited Pakistan’s Geological Survey team to visit Saudi Arabia for deeper collaboration and knowledge exchange.
Read: Pakistan Eyes Economic Freedom Through Mineral Wealth
Annual Mineral Forum Endorsed
The Saudi officials applauded the launch of the Pakistan Mineral Investment Forum (PMIF) and called for it to become an annual fixture. They noted that such platforms not only attract global investors but also enhance regional cooperation in the minerals and energy sectors.
In response, Petroleum Minister Ali Pervez Malik confirmed that Pakistan plans to host the Mineral Forum every year. He emphasized the government’s aim to create a consistent and inviting platform for international stakeholders.
Pakistan Pushes Investor-Friendly Policies
Minister Malik highlighted Pakistan’s ongoing efforts to attract foreign direct investment by streamlining procedures and offering investor-friendly policies. However He assured the Saudi delegation that Pakistan is fully committed to removing barriers that hinder foreign participation in its mining and energy sectors.
“Our goal is to make Pakistan a regional hub for mineral exploration and development,” Malik stated. “With partners like Saudi Arabia, we can accelerate the discovery and sustainable use of our mineral wealth.”
Deepening Bilateral Economic Ties
This latest meeting underlines growing economic ties between Islamabad and Riyadh. While Saudi Arabia has traditionally invested in Pakistan’s energy and infrastructure sectors, the minerals sector now presents a new frontier for collaboration.
Future Engagements Expected
Both sides agreed to continue high-level interactions and follow up on the proposals discussed. Technical teams are expected to meet in the coming months to chart out the roadmap for joint geological studies, exploration efforts, and investment frameworks.
As global demand for minerals surges, Pakistan’s strategic location and untapped reserves make it an attractive destination. With Saudi support,In conclusion Pakistan aims to transform its mining sector from a dormant industry into a pillar of economic growth.
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