Deck

The Minister of Petroleum denies the Council of Ministers’ approval to sell a 15% stake in Rico Deck Company to Saudi Arabia – Trendy Blogger

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The Minister of Petroleum denies the Council of Ministers’ approval to sell a 15% stake in Rico Deck Company to Saudi Arabia – Trendy Blogger

Petroleum Minister Mosaddeq Malik said discussions with Saudi Arabia regarding the sale of shares in the Reko Diq mine are progressing positively, with the deal expected to be completed soon. Speaking about reports about the federal cabinet approving the sale of a 15% stake, Malik denied the allegations and termed them untrue. He added: “The … Read more

The Cabinet approves the sale of a 15% stake in Reco Deck Company to Saudi Arabia – Trendy Blogger

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The Cabinet approves the sale of a 15% stake in Reco Deck Company to Saudi Arabia – Trendy Blogger

ISLAMABAD: The Federal Cabinet has approved the sale of a 15% stake in the Reko Diq project to Saudi Arabia for $540 million under the Intergovernmental Commercial Transactions Act. According to industry sources, the Federal Cabinet has now allowed the Saudi government to acquire the shares through a direct deal, and the move is seen … Read more