The minister emphasized Pakistan’s commitment to fostering a favorable climate for foreign investment, spotlighting regulatory reforms and strategic initiatives aimed at securing sustained international engagement
By Amir Muhammad Khan
RIYADH: Federal Minister for Energy, Ali Pervaiz Malik, held a series of high-level meetings in Saudi Arabia this week, emphasizing the potential for deeper cooperation and investment between the two countries in the minerals and energy sectors.
During discussions with Saudi Energy Minister Prince Abdulaziz bin Salman, both sides agreed on the need to strengthen collaboration, with a particular focus on expanding energy sector partnerships and improving the exchange of technical and strategic information.
Malik also met Saudi Investment Minister Khalid Bin Abdul Aziz Al Falih, where the conversation centered on identifying and pursuing opportunities for investment in Pakistan’s mineral and energy industries. In these meetings, the minister underscored Pakistan’s commitment to creating a conducive environment for foreign investment, highlighting regulatory reforms and strategic projects designed to attract long-term engagement.
At the Future Minerals Forum, Malik delivered a presentation to a panel of international ministers, outlining Pakistan’s extensive mineral resources and the government’s broader vision for developing the sector. His remarks drew widespread recognition, with global participants noting the country’s potential as a hub for mineral and energy investment.
The minister emphasized that Pakistan’s approach was not limited to individual projects but was aimed at establishing a comprehensive, sustainable framework for mining and energy development. He also engaged with representatives from the International Energy Forum, Mitsui Corporation, and the Saudi Exim Bank, discussing practical steps to mobilize investment and technical expertise.
Speaking about the Reko Diq project, Malik described it not as a single initiative but as a benchmark for a new standard in mining operations across Pakistan, signaling the government’s ambition to use the project as a model for transparency, efficiency, and international best practice.
Through these discussions, Malik projected Pakistan as a country ready to welcome global investors, offering both strategic resources and a stable policy environment. Officials involved in the meetings highlighted the mutual benefits of enhanced cooperation, noting that closer ties with Saudi Arabia could accelerate Pakistan’s energy and mineral development while also contributing to broader regional economic integration.
