‘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)
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Updated 15 February 2024
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‘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.


Pakistani politicians urge dialogue with Imran Khan’s party as PM offers talks

Updated 07 January 2026
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Pakistani politicians urge dialogue with Imran Khan’s party as PM offers talks

  • National Dialogue Committee group organizes summit attended by prominent lawyers, politicians and journalists in Islamabad
  • Participants urge government to lift alleged ban on political activities and media restrictions, form committee for negotiations 

ISLAMABAD: Participants of a meeting featuring prominent politicians, lawyers and civil society members on Wednesday urged the government to initiate talks with former prime minister Imran Khan’s Pakistan Tehreek-e-Insaf (PTI) party, lift alleged bans on political activities after Prime Minister Shehbaz Sharif recently invited the PTI for talks. 

The summit was organized by the National Dialogue Committee (NDC), a political group formed last month by former PTI members Chaudhry Fawad Husain, ex-Sindh governor Imran Ismail and Mehmood Moulvi. The NDC has called for efforts to ease political tensions in the country and facilitate dialogue between the government and Khan’s party. 

The development takes place amid rising tensions between the PTI and Pakistan’s military and government. Khan, who remains in jail on a slew of charges he says are politically motivated, blames the military and the government for colluding to keep him away from power by rigging the 2024 general election and implicating him in false cases. Both deny his allegations. 

Since Khan was ousted in a parliamentary vote in April 2022, the PTI has complained of a widespread state crackdown, while Khan and his senior party colleagues have been embroiled in dozens of legal cases. Prime Minister Shehbaz Sharif last month invited the PTI for talks during a meeting of the federal cabinet, saying harmony among political forces was essential for the country’s progress.

“The prime objective of the dialogue is that we want to bring the political temperatures down,” Ismail told Arab News after the conference concluded. 

“At the moment, the heat is so much that people— especially in politics— they do not want to sit across the table and discuss the pertaining issues of Pakistan which is blocking the way for investment.”

Former prime minister Shahid Khaqan Abbasi, who heads the Awaam Pakistan political party, attended the summit along with Jamaat-e-Islami senior leader Liaquat Baloch, Muttahida Quami Movement-Pakistan’s Waseem Akhtar and Haroon Ur Rashid, president of the Supreme Court Bar Association. Journalists Asma Shirazi and Fahd Husain also attended the meeting. 

Members of the Pakistan Peoples Party, the ruling Pakistan Muslim League-Nawaz (PML-N) and the PTI did not attend the gathering. 

The NDC urged Prime Minister Shehbaz Sharif, President Asif Ali Zardari and PML-N chief Nawaz Sharif to initiate talks with the opposition. It said after the government forms its team, the NDC will announce the names of the opposition negotiating team after holding consultations with its jailed members. 

“Let us create some environment. Let us bring some temperatures down and then we will do it,” Ismail said regarding a potential meeting with the jailed Khan. 

Muhammad Ali Saif, a former adviser to the Khyber Pakhtunkhwa chief minister, told participants of the meeting that Pakistan was currently in a “dysfunctional state” due to extreme political polarization.

“The tension between the PTI and the institutions, particularly the army, at the moment is the most fundamental, the most prominent and the most crucial issue,” Saif noted. 

‘CHANGED FACES’

The summit proposed six specific confidence-building measures. These included lifting an alleged ban on political activities and the appointment of the leaders of opposition in Pakistan’s Senate and National Assembly. 

The joint communique called for the immediate release of women political prisoners, such as Khan’s wife Bushra Bibi and PTI leader Yasmin Rashid, and the withdrawal of cases against supporters of political parties.

The communiqué also called for an end to media censorship and proposed that the government and opposition should “neither use the Pakistan Armed Forces for their politics nor engage in negative propaganda against them.”

Amir Khan, an overseas Pakistani businessperson, complained that frequent political changes in the country had undermined investors’ confidence.

“I came here with investment ideas, I came to know that faces have changed after a year,” Amir Khan said, referring to the frequent change in government personnel. 

Khan’s party, on the other hand, has been calling for a “meaningful” political dialogue with the government. 

However, it has accused the government of denying PTI members meetings with Khan in the Rawalpindi prison where he remains incarcerated. 

“For dialogue to be meaningful, it is essential that these authorized representatives are allowed regular and unhindered access to Imran Khan so that any engagement accurately reflects his views and PTI’s collective position,” PTI leader Azhar Leghari told Arab News last week.