title:Pakistan Saudi Arabia Boost Energy Minerals Partnership
ISLAMABAD: Pakistan and Saudi Arabia reaffirmed their commitment todeepening bilateral cooperation in the energy and minerals sectors during ahigh-level meeting in Islamabad on Friday, highlighting the potential forsubstantial investments, technology transfer, and collaborative projectsdriven by longstanding fraternal relations. Federal Minister for PetroleumAli Pervaiz Malik hosted Saudi Ambassador Nawaf bin Saeed Ahmad Al-Malkiy,emphasizing that the brotherly bond between the two nations is poised todeliver concrete economic benefits amid evolving global energy dynamics.
The discussions centered on transforming historical goodwill into tangibleoutcomes, particularly through enhanced engagement in mining and energyexploration. Minister Malik underscored the strategic importance of thesesectors for both countries’ economic growth, noting Pakistan’s vastuntapped mineral resources and Saudi Arabia’s advanced expertise inresource development. Both sides reviewed ongoing initiatives andidentified new avenues for mutually beneficial partnerships that couldbolster regional stability and prosperity.
A key highlight of the meeting was the recognition of the Future MineralsForum held recently in Riyadh as a pivotal platform for fostering energycooperation. Minister Malik congratulated Saudi Arabia on the successfulorganization of the forum, which brought together global stakeholders todiscuss sustainable mineral development. Pakistan’s active participation,including high-level engagements on the sidelines, demonstrated itscommitment to integrating into international mineral supply chains andattracting foreign investment.
Ambassador Al-Malkiy appreciated Pakistan’s involvement in the FutureMinerals Forum, describing it as a significant opportunity for regionaldialogue on minerals. He stressed that continuous engagement betweenIslamabad and Riyadh remains essential for advancing cooperation in themining sector, where both nations possess complementary strengths. Theambassador’s remarks aligned with broader efforts to expand technicalcollaboration and knowledge sharing in critical resource areas.
Both parties agreed to prioritize strengthened cooperation in energy andminerals, focusing on joint ventures that leverage Pakistan’s resourcepotential and Saudi Arabia’s investment capacity and technologicalcapabilities. This consensus builds on recent interactions, includingMinister Malik’s meetings in Riyadh with Saudi officials such as theMinister of Industry and Mineral Resources, where vast opportunities forpartnership were explored. Such engagements signal a renewed momentum inbilateral economic ties.
Pakistan’s minerals sector holds immense promise, with deposits of copper,gold, and other critical minerals that could support global clean energytransitions. The country’s participation in international forums like theFuture Minerals Forum positions it to attract expertise and funding frompartners like Saudi Arabia, which is diversifying its economy under Vision2030 and seeking strategic alliances in mining. These developments couldlead to technology exchange, enabling Pakistan to modernize exploration andextraction processes.
Saudi Arabia has emerged as a key player in global minerals governance,hosting events that promote sustainable practices and internationalcollaboration. The Kingdom’s interest in Pakistan’s resources aligns withits strategy to secure supply chains for energy transition materials.Ongoing dialogues, including those on petroleum supply, renewable energy,and mining investment, reflect a comprehensive approach to bilateral energysecurity and economic diversification.
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The meeting also reflected broader trends in Pakistan-Saudi relations,characterized by consistent high-level exchanges and a focus on economicpragmatism. With Saudi investments in regional projects and Pakistan’s pushfor foreign direct investment in energy infrastructure, the emphasis onminerals and energy cooperation could accelerate progress toward sharedobjectives. Both sides expressed optimism that sustained interaction wouldyield investments and joint projects benefiting their economies.
Experts view this cooperation as timely, given global demand for criticalminerals in batteries, renewables, and advanced technologies. Pakistan’sresource-rich geology, combined with Saudi Arabia’s financial and technicalprowess, creates a natural synergy. The agreement to deepen tiesunderscores a strategic pivot toward resource-led growth, potentiallyenhancing energy independence and export potential for both nations.
In conclusion, the Islamabad meeting marks a significant step intranslating fraternal relations into strategic economic partnerships. Byfocusing on energy and minerals, Pakistan and Saudi Arabia aim to fostersustainable development, create employment opportunities, and contribute toregional stability. Future engagements are expected to build on thisfoundation, paving the way for concrete initiatives that realize the fullpotential of their bilateral relationship.
Source:https://www.brecorder.com/news/40404890/pakistan-ksa-to-deepen-ties-in-energy-and-minerals
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