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Minister rejects reports of cabinet okaying sale of Reko Diq stake to Saudi Arabia

Minister Rejects Reports of Cabinet Okaying Sale of Reko Diq Stake to Saudi Arabia

The federal minister has dismissed recent media reports suggesting that the cabinet approved the sale of Pakistan’s Reko Diq copper and gold project stake to Saudi Arabia. Authorities clarified that no official decision has been made regarding the transaction and that such claims are baseless.

Officials emphasized that the government remains committed to transparent and strategic management of the Reko Diq project, ensuring that any investment or partnership aligns with national interests. They also reiterated that all proposals will undergo thorough review before any approvals.

Economic experts noted that Reko Diq is a significant mineral asset for Pakistan, and its management impacts foreign investment, mining revenues, and local employment. The minister’s statement aims to reassure the public and investors that decisions concerning the project will be carefully scrutinized.

Authorities urged media outlets and the public to rely on official announcements for accurate information regarding the project and avoid circulating unverified reports.

خلاصہ (اردو میں):
وفاقی وزیر نے سعودی عرب کو ریکو دیق کے حصے کی فروخت کی کابینہ منظوری کی خبروں کو مسترد کیا اور کہا کہ کوئی سرکاری فیصلہ نہیں ہوا۔ Minister Rejects Reports of Cabinet Okaying Sale of Reko Diq Stake to Saudi Arabia

The federal minister has dismissed recent media reports suggesting that the cabinet approved the sale of Pakistan’s Reko Diq copper and gold project stake to Saudi Arabia. Authorities clarified that no official decision has been made regarding the transaction and that such claims are baseless.

Officials emphasized that the government remains committed to transparent and strategic management of the Reko Diq project, ensuring that any investment or partnership aligns with national interests. They also reiterated that all proposals will undergo thorough review before any approvals.

Economic experts noted that Reko Diq is a significant mineral asset for Pakistan, and its management impacts foreign investment, mining revenues, and local employment. The minister’s statement aims to reassure the public and investors that decisions concerning the project will be carefully scrutinized.

Authorities urged media outlets and the public to rely on official announcements for accurate information regarding the project and avoid circulating unverified reports.

خلاصہ (اردو میں):
وفاقی وزیر نے سعودی عرب کو ریکو دیق کے حصے کی فروخت کی کابینہ منظوری کی خبروں کو مسترد کیا اور کہا کہ کوئی سرکاری فیصلہ نہیں ہوا۔

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