‘From dust to development’: Saudi delegation aims to tap Pakistan’s $6 trillion worth of natural deposits

Saudi Vice Minister for Mining Affairs, Engineer Khalid bin Saleh Al-Mudaifer, speaks to Arab News during Pakistan Minerals Summit in Islamabad, Pakistan, on August 1, 2023. (AN photo)
Short Url
Updated 15 February 2024
Follow

‘From dust to development’: Saudi delegation aims to tap Pakistan’s $6 trillion worth of natural deposits

  • Saudi delegation attends first ever mineral summit hosted by Pakistan with foreign investors, dignitaries in attendance
  • Saudi Arabia’s wealth fund, mining company Ma’aden created Manara Minerals last year to invest in mining assets worldwide 

ISLAMABAD: An important delegation from the kingdom arrived in Pakistan on Tuesday to explore investment opportunities in the South Asian country’s mining sector, aiming to tap into Pakistan’s $6 trillion estimated worth of mineral deposits, Saudi Vice Minister for Mining Affairs, Engineer Khalid bin Saleh Al-Mudaifer said. 

The Saudi delegation, led by Al-Mudaifer, attended Pakistan’s first dedicated summit on minerals in Islamabad, where Prime Minister Shehbaz Sharif and Pakistan’s army chief spoke in front of a gathering of foreign investors, diplomats, and international dignitaries. The summit was organized under the umbrella of the Special Investment Facilitation Council (SIFC) that Pakistan set up in June to attract foreign investment.

“We are here with a big delegation from Saudi Arabia to explore mineral investments,” Al-Mudaifer told Arab News on the sidelines of the summit. He hoped that with unwavering determination, the strategies proposed in the summit would lead to success, and in the future, ensure a thriving mining sector in Pakistan.

“The [Saudi] government is mandated to support, help, bring investment and facilitate that investment into Pakistan to build into the relationship between us,” Al-Mudaifer said. “And therefore, we brought our companies here, the Ma’aden, the Manara and other companies to attend and facilitate discussion with their counterparts.” 




Saudi Vice Minister for Mining Affairs, Engineer Khalid bin Saleh Al-Mudaifer speaks at the Pakistan Mineral Summit in Islamabad on August 1, 2023. (PID)

He said though Pakistan has $6 trillion estimated worth of mineral deposits, the country also has the potential of 240 million people. “The people of Pakistan is the wealth of Pakistan and in addition, the expertise, the locations, the minerals,” he said. “A new era is going to start in Pakistan. We congratulate Pakistan on the establishment of the SIFC that will help major investment,” he added.

Addressing the summit earlier, the minister said Pakistan and Saudi Arabia not only enjoy historical but deep religious and cultural ties as well. He said both countries had also expanded their reach in bilateral trade and investment domains. 

Al-Mudaifer said mineral resources have played a crucial role worldwide in promoting trade, creating jobs and in the overall economic growth of several countries.

“Many macro factors are driving the need for new mining jurisdictions and the future will be mineral intensive,” he said, adding that overall, mineral production must increase at least six-fold to meet the demand for clean energy technologies.

“Pakistan is blessed with vast mineral resources and is home to various mineral deposits, including copper, gold, sulfur, lead, and zinc which will continue to be an essential source of economic development for Pakistan,” he added.

The minister said under the Saudi Vision 2030, the kingdom is implementing new programs and trillion-dollar giga-projects to achieve economic transformation in its bid to become a leading industrial powerhouse and global logistic hub, maximizing the value of its mining and energy sectors.

He said Saudi Arabia was currently the world’s fourth-largest net importer of minerals with giga-projects and its industrial transformation initiatives were expected to triple the local demand for minerals.




Pakistan's prime minister Shehbaz Sharif, center, along with army chief General Syed Asim Munir, third right, and foreign dignitaries attend Pakistan Mineral Summit in Islamabad on August 1, 2023. (PID)

“That’s why the Saudi Public Investment Fund, and our national mining company, Ma’aden, created Manara Minerals which was announced during the Future Minerals Forum in Riyadh last January, to invest in mining assets globally and secure strategic minerals that are essential for Saudi Arabia’s economic development, as well as the resilience of the global supply chains,” he added.

He said Saudi Arabia wants to enable the development of responsible mineral value chains in Pakistan by attracting investment, deploying digital and advanced technologies, and applying high standards on sustainability performance.

“Let us unite our efforts to harness the full potential of Pakistan’s, Saudi Arabia’s, and the region’s mineral sector, as together, we can pave the way from dust to development, transforming our nation into thriving hubs of mineral resources, economic prosperity, and sustainable growth,” Al-Mudaifer said. 

The Saudi minister invited Pakistan to the 2024 Future Minerals Forum 2024 scheduled to be held at Riyadh in January 2024. 

“Together, we will reshape the future of mining not only in Pakistan but in the world,” he added.


Pakistan PM condemns Israel’s siege of Khan Yunis leading to large-scale Palestinian displacement

Updated 27 July 2024
Follow

Pakistan PM condemns Israel’s siege of Khan Yunis leading to large-scale Palestinian displacement

  • Israel ordered the evacuation of the city on Monday, causing international displacement affecting over 150,000 people
  • Shehbaz Sharif asks the international community to hold Israel accountable for its ‘war crimes’ and bring it to justice

ISLAMABAD: Prime Minister Shehbaz Sharif on Saturday condemned Israel for besieging the southern Gaza city of Khan Yunis, saying it had uprooted more than 150,000 Palestinians and disrupted food supplies to the area.
The Israeli military ordered the evacuation of parts of the city after announcing on Monday that its military would “forcefully operate” in the area.
The United Nations said a day earlier that the intensified hostilities in Khan Yunis had fueled another wave of internal displacement in Gaza that had affected about 182,000 people.
Israel announced during the week it had recovered the bodies of five captives who had been captured by Hamas on October 7, saying its forces had also killed nearly “100 terrorists.”
“The brutality in Khan Younis has displaced over 150,000 Palestinians,” the prime minister said in a statement released by his office in Islamabad. “The siege of Khan Younis has disrupted the supply of food and other essential items in the area. A humanitarian crisis is unfolding in Palestine.”
The statement said Sharif condemned Israel’s action in Khan Yunis and expressed concern over the situation.
He asked the international community, including the United Nations, to fulfill its responsibilities to end Israel’s military campaign.
“Israeli forces are committing the grave crime of genocide against Palestinians,” he continued. “We reiterate the demand for the implementation of the recent decisions of the International Court of Justice regarding Palestine and the UN resolutions.”
Sharif said his government had sent 1,200 tons of relief goods through six Pakistan Air Force planes and 1,500 tons via three ships to Palestine.
He also highlighted special arrangements made by his country for Palestinian medical students to continue their education in Pakistan.
“The international community should hold Israel accountable for its war crimes and bring it to justice,” he added.
Israel launched its air and ground offensive targeting Gaza last October following a surprise attack by Hamas in which around 1,200 people were killed and more than 250 were taken hostages.
The Palestinian group said its attack was in response to the deteriorating condition of Palestinian people living under occupation.
Israel’s response was widely viewed as disproportionate by the international community in which over 39,000 people, mostly women and children, have died.
Israel was taken to the International Court of Justice (ICJ) by South Africa on the allegation of committing genocide where other nations joined the proceedings as well.

With input from AP
 


Baloch rights group accuses authorities of arrests, suspending Internet ahead of protest in Gwadar

Updated 27 July 2024
Follow

Baloch rights group accuses authorities of arrests, suspending Internet ahead of protest in Gwadar

  • Baloch Yakjehti Committee has organized a gathering in Gwadar on Sunday to protest alleged rights abuses in Balochistan
  • The Pakistani state denies any wrongdoing in the southwestern province, which has been the site of a low-level insurgency

QUETTA: Baloch Yakjehti Committee (BYC), which advocates for rights of ethnic Baloch people, on Saturday accused Pakistani authorities of suspending Internet and arresting dozens of its members in Pakistan’s southwestern Balochistan province, a day before a protest in the port city of Gwadar.
Led by 31-year-old human rights activist Dr. Mahrang Baloch, the BYC summoned the ‘Baloch Raji Muchi,’ or Baloch National Gathering, in Gwadar this month to rally the masses against alleged human rights abuses and heavy deployment of security forces in the southwestern Pakistani province.
Pakistan’s Balochistan province, which borders Iran and Afghanistan, is the site of a low-level insurgency for the last two decades by separatists, who say they are fighting what they see as unfair exploitation of the province’s wealth by the federation. The Pakistani state denies the allegation.
Through social media platforms, the BYC has been mobilizing and inviting people from across Balochistan for the gathering, which is scheduled to take place on Sunday at the Gwadar Marine Drive, an important thoroughfare in the coastal city.
“The authorities have started blocking highways in Balochistan in a bid to intercept convoys of Baloch people coming to attend Baloch Raji Muchi in Gwadar and police have arrested more than 100 BYC members from various districts of Balochistan,” Baloch told Arab News.
“There has been a complete blackout of Internet in Gwadar and Kech districts since Friday evening and mobile service is likely to be suspended today. We are concerned that the government will intensify crackdown against BYC members as they have already registered four FIRs (first information reports) against our members in the Kalat and Hub districts.”
Shahid Rind, a spokesman for the Balochistan government, denied allegations of a crackdown on the BYC and Internet suspension in Gwadar.
“The Balochistan chief minister has clearly said on the floor of the provincial assembly, the constitution of Pakistan gives people the right to a peaceful gathering, but the government has the right to decide the venue for it,” he told Arab News. “No one will be allowed to hold such gatherings based on their own will.”
Arab News spoke to a number of people in Gwadar and Turbat districts, who said mobile Internet had been suspended in both districts since Friday evening.
Gwadar, situated along the Arabian Sea, lies at the heart of China-Pakistan Economic Corridor (CEPC), under which Beijing has funnelled tens of billions of dollars into massive transport, energy and infrastructure projects in Pakistan.
But the undertaking has been hit by Islamabad struggling to keep up its financial obligations as well as attacks on Chinese targets by militants in Balochistan, Pakistan’s most impoverished province, and elsewhere in the country.

Police stand guard at the Mian Ghundi area in Quetta, Pakistan on July 27, 2024, ahead of Baloch Yakjehti Committee rally. (Photo Courtesy: BYC)

In the provincial capital of Quetta, authorities have blocked all entry and exit points and imposed Section 144 of the Code of Criminal Procedure, a provision that allows the administration to prohibit assembly of four or more people.
Saad bin Asad, the Quetta deputy commissioner, said they had blocked the Luk-Pass tunnel, a key point on the Quetta-Karachi highway, to prevent people from violating Section 144 ahead of Sunday’s gathering. “At least 140 people have been arrested from different sites of Quetta and we would share the details of the detained people,” he told Arab News.
The administration’s move came after the Balochistan government described the Baloch National Gathering in Gwadar as a “conspiracy” against the second phase of CPEC in Pakistan that has witnessed a “hiatus” following the killing of five Chinese engineers in a suicide attack in Pakistan’s northwestern Khyber Pakhtunkhwa province in March.
On Friday, Balochistan Chief Minister Sarfaraz Bugti questioned the protesters’ choice of Gwadar as the venue of the rally amid Pakistan’s security assurances to the Chinese.
“Why Gwadar and why not Quetta,” Bugti questioned, during a provincial assembly session. “They planned to hold this gathering in Gwadar where we have frequent international movements and we have invited Chinese officials for the inauguration of Gwadar International Airport next month.”
Bugti informed the lawmakers that there were intelligence reports about “serious threats” of attacks on the gathering in Gwadar by a Baloch separatist group, the Balochistan Liberation Army (BLA), to malign the government and the state institutions.

Baloch Yakjehti Committee representatives talk with police in Nushki, Pakistan on July 27, 2024, ahead of their departure to Gwadar to attend Baloch Raji Muchi gathering. (Photo Courtesy: BYC)

“Despite talks with BYC members to shift the venue for this gathering, but if they are adamant, the government will take action against people challenging the writ of the state,” he added.
Sammi Deen Baloch, one of the organizers of Sunday’s gathering, said Gwadar is part of Balochistan and the port city has international significance.
“We have had held many gatherings in Quetta, Turbat and other cities of Balochistan, so why not Gwadar, where local Baloch people are deprived of basic facilities,” she said.
Responding to the government reports of threats to the gathering, Sammi said the state had power and resources, hence the state should protect the people coming to attend a peaceful gathering.
“If the state doesn’t stop Baloch people from coming to Gwadar, we have high expectations that thousands of people would attend this Baloch National Gathering,” she told Arab News.


Police register kidnapping case of Pakistani businessman, owner of local cola company

Updated 47 min 52 sec ago
Follow

Police register kidnapping case of Pakistani businessman, owner of local cola company

  • Sindh Police refused to lodge case in disappearance of Zulfiqar Ahmed, case filed after court intervention
  • Ahmed owns Next Cola which gained traction amid push to boycott beverages purportedly fueling Israel’s war

KARACHI: Police in Pakistan’s southeastern province of Sindh have registered a kidnapping case following judicial intervention after a prominent businessman was taken by armed men from Karachi four days ago, his lawyer said on Saturday.

Zulfiqar Ahmed, the owner of Next Cola, which has positioned itself as a substitute for Coca-Cola since October amid a push to boycott products allegedly fueling Israel’s war on Gaza, was kidnapped on July 23 after he left his office in the city.

Ahmed, who is also the managing director of Paracha Textile Mills and Mezan Group, went missing after his white Toyota Surf vehicle was intercepted by eight armed men who abducted him and one of his friends before allowing the latter to go.

Ahmed’s friend shared the details of the incident, prompting the businessman’s family and company management submit an application at the Kalri police station on the same day. However, the police refused to register a complaint, making them go to the Sindh High Court, which ordered the police to lodge the case on Friday.

“The news [of Ahmed’s abduction] somehow gained traction on social media,” Mian Ali Ashfaq, the counsel representing Ahmed’s family, told Arab News. “After the social media spotlight on the court order and my protest, my team of office associates went to the police station, where, after four hours, the FIR [First Information Report] was finally registered and a copy was provided to us by Friday afternoon.”

People widely shared news of Ahmed’s abduction across social media platforms, asking the authorities to take steps for his release.

Asad Raza, deputy inspector-general (DIG) of police in Karachi’s southern district where the incident occurred, dismissed the allegations of police inaction in the case.

“It is immaterial whether the FIR was registered instantly or after one day’s delay,” he told Arab News. “We started working on the case when the abduction took place.”

Ashfaq, the counsel representing Ahmed’s family, said the high court had issued notices to respondents and fixed the matter for a hearing on Tuesday.

“We hope that Zulfiqar Ahmed will be recovered and reunited with the family before the next hearing,” he added.

Karachi Police Chief Javed Alam Odho said on Friday two “high-powered” teams were investigating the case.

“A high-powered team, under the supervision of the DIG of the CIA [Crime Investigation Agency] and another under the DIG of the area, are working on it,” he told Arab News. “I am confident this case will be resolved soon.”

According to the lawyer representing Ahmed’s family, however, the case was further complicated after Friday’s court ruling since two senior staff members associated with Next Cola were also picked up from Lahore and Kasur a day earlier.

He added that a petition would be filed in the Lahore High Court for their recovery.

“Hassan Nawaz, Deputy General Manager of Finance at Meezan Beverage, was picked up from Lahore, and Danial Afzal Khan, General Manager at Meezan Beverage, was abducted from Kasur by armed men in white double-cabin vehicles,” he said.

Launched in 2016, Next Cola struggled to gain traction until Israel’s war that started last October and killed over 39,000 people, mostly women and children. Since then, it acquired greater visibility in supermarkets and wedding halls in different parts of Pakistan.


Authorities warn of floods, landslides as monsoon currents likely to penetrate parts of Pakistan

Updated 27 July 2024
Follow

Authorities warn of floods, landslides as monsoon currents likely to penetrate parts of Pakistan

  • This year, Pakistan recorded its ‘wettest April since 1961,’ with 59.3mm rainfall and 144 deaths in thunderstorms, house collapses
  • A top UN official last month warned that an estimated 200,000 people in Pakistan could be affected by the upcoming monsoon season

ISLAMABAD: Pakistan’s National Disaster Management Authority (NDMA) on Saturday warned of flash floods and landslides as monsoon currents were likely to penetrate upper parts of the country over the next five days.
The monsoon currents from Arabian Sea may cause heavy rains from July 27 till July 31. Under the influence of this system, rainfall could trigger landslides, mudslides and cause boulders to fall, potentially disrupting roads, according to the NDMA.
The areas that are likely to be affected include upper parts of the Khyber Pakhtunkhwa province, Galiyat, Murree, Gilgit-Baltistan and Azad Kashmir. The rainfall can trigger hill torrents in Sulaiman and Kirthar mountain ranges as well as in DG Khan and Rajanpur regions.
“Flash floods can strike suddenly, catching people off guard,” the NDMA said in a statement. “Population at risk is advised to avoid flood waters and find a safe location away from flood-prone areas.”
The authority said it had issued instructions to all relevant departments to take necessary precautions to mitigate the possible effects of flooding and extreme weather.
“Even a mere six inches of moving water can knock you off your feet, and just one foot of moving water can sweep away a vehicle,” the NDMA noted in its advisory for the masses.
“Bridges can be hazardous during floods. Avoid crossing them if water is flowing rapidly. Avoid staying in weak structures. In case of intense rain, seek shelter in safe places such as schools, government buildings, or any concrete buildings.”
Pakistan is recognized as one of the most vulnerable countries to climate change effects in the world. This year, the South Asian country recorded its “wettest April since 1961,” with 59.3 millimeters rainfall and at least 144 deaths in thunderstorms and house collapses, mostly in Khyber Pakhtunkhwa, according to the authorities.
Last month, a UN official warned that an estimated 200,000 people in Pakistan could be affected by the upcoming monsoon season, which is expected to bring heavier rains than usual.
The United Nations, with help from local authorities, has prepared a contingency plan, with $40 million set aside to respond to any emergencies, said Mohamed Yahya, the newly appointed Resident Coordinator and Humanitarian Coordinator in Pakistan.
Unusually heavy rains in June 2022 triggered flash floods in many parts of the country, killing over 1,700 people, inflicting losses of around $30 billion, and affecting at least 30 million people.


Pakistani religious party vows to continue sit-in in Rawalpindi despite government’s offer for talks

Updated 27 July 2024
Follow

Pakistani religious party vows to continue sit-in in Rawalpindi despite government’s offer for talks

  • Jamaat-e-Islami supporters have been holding a sit-in at a key intersection in Rawalpindi since Friday
  • The party wants the government to address cost-of-living crisis, remove additional taxes in the budget

ISLAMABAD: Jamat-e-Islami (JI), a Pakistani religio-political party, on Saturday vowed to continue its sit-in in Rawalpindi against the rising cost of living and additional taxes imposed in the latest budget, despite the government forming a negotiation committee for talks with the protesters.
The JI, led by Hafiz Naeem-ur-Rehman, announced the sit-in in Islamabad to call for a reduction in power tariff amid soaring inflation and to review Pakistan’s agreements with independent power producers (IPPs).
The party’s caravans entered the capital from different directions as the district administration closed the capital’s Red Zone, which houses top government offices and the diplomatic enclave, with shipping containers and roads leading to parliament.
“Our dharna will continue as long as the government accepts our demands for a significant reduction in inflation and electricity prices,” Aamir Baloch, a JI spokesperson, told Arab News.
“The party chief Hafiz Naeem-ur-Rehman will be announcing a fresh strategy for the protests, dharna and engagement with the government today afternoon.”
The government has formed a three-member committee, which includes Information Minister Attaullah Tarar and two senior members of the ruling Pakistan Muslim League-Nawaz (PML-N) party, to hold talks with the JI leadership.
“We are ready for negotiations, but don’t disrupt public life,” Tarar said at a news conference on Friday. “The government’s three-member committee will talk to you. Amir Muqam, Tariq Fazal Chaudhry and I will negotiate with you. Whenever you express willingness, we are ready for the negotiations.”
But Baloch said the party would continue its protest and JI chief Rehman would join the sit-in at Zero Point — a major intersection in the city where various key roads and highways connect with each other — on Saturday.
He said thousands of JI workers had already reached the area, despite the government’s “brutalities.”
“The police have arrested dozens of our peaceful workers from D-Chowk,” he said, referring to a key spot close to the parliament building in Islamabad.
“The government wants to incite the peaceful protesters through such strong-arm tactics. It will be responsible for any law-and-order situation, if our workers are not released immediately.”
Police in the capital have deployed additional contingents, including personnel with riot gears, to prevent any untoward incident.
The Rawalpindi-Islamabad Expressway has also been closed with shipping containers near the Zero Point bridge, where the JI protesters have gathered.
Baloch said the party leadership would announce their future course of action after reaching Zero Point.
“One thing is for sure,” he said. “We are here to stay and will definitely stage a sit-in to press the government to meet our legitimate demands regarding inflation and taxes.”