Government Denies Reko Diq Deal with Saudi Arabia
Petroleum Minister Musadik Malik has refuted claims of a potential deal between Pakistan and Saudi Arabia concerning the Reko Diq project. Speaking to reporters in Islamabad, Malik stated that while negotiations with Saudi Arabia are well underway, no official agreement has been reached as of yet.
Clarification on Ongoing Negotiations
During a press conference on Tuesday, Malik emphasized that talks with the Saudi government are in progress and showing positive signs. Despite the promising developments, he made it clear that no final deal has been signed between the two parties. This announcement comes after widespread speculation regarding a possible collaboration on the Reko Diq mining venture.
Timeline for Potential Agreement
Malik expressed optimism about the future of the negotiations, hinting at a potential conclusion in early 2025. While no specific details were disclosed, he hinted at a fruitful partnership between Pakistan and Saudi Arabia in the near future. The minister’s reassurance aims to dispel any false information circulating in the media regarding the status of the Reko Diq project.
Committee Oversight and Approval Rumors
Despite rumors suggesting cabinet approval for the deal, Malik clarified that such reports are inaccurate. However, he mentioned the establishment of a dedicated committee to oversee the transaction process, which has completed its assigned tasks. The committee’s role is crucial in ensuring transparency and accountability throughout the negotiation period.
In conclusion, the government’s official stance on the Reko Diq agreement remains unchanged, with ongoing discussions pointing towards a potentially beneficial collaboration with Saudi Arabia. As the negotiations progress, both parties aim to reach a mutually beneficial agreement while adhering to legal and regulatory frameworks. Stay tuned for further updates on this developing story.
