海角直播 offers 15%聽investment in Pakistan鈥檚 Reko Diq mining venture
海角直播 offers 15%聽investment in Pakistan鈥檚 Reko Diq mining venture/node/2571377/pakistan
海角直播 offers 15%聽investment in Pakistan鈥檚 Reko Diq mining venture
Empty trailers to house workers at the site of the gold and copper mine exploration project of Tethyan Copper Company (TCC) are seen in Reko Diq in Pakistan's province of Balochistan in this undated 2010 photo. (Reuters/File)
ISLAMABAD: 海角直播 has offered a 15 percent investment in the Reko Diq copper and gold mine project in Pakistan鈥檚 southwestern Balochistan province, according to Pakistani state-owned media on Saturday.
Reko Diq is considered one of the world鈥檚 largest undeveloped copper and gold resources, primarily operated by Canada鈥檚 Barrick Gold, which holds a 50 percent stake in it.
The remaining stake is owned by three federal state-owned enterprises and the Balochistan provincial government, though Pakistan has also invited 海角直播 to invest in the project.
鈥満=侵辈 has offered fifteen percent investment in Reko Diq Mining project,鈥 the Radio Pakistan said in one of its reports. 鈥淭he Kingdom has also offered grants to build road infrastructure around the Reko Diq project.鈥
鈥淪pecial Investment Facilitation Council (SIFC) has approved the structure of the offer but the final decision has been left to the Cabinet Committee on Intergovernmental Transactions,鈥 it added.
Pakistan set up the SIFC, a civil-military hybrid body, last year in June with the sole purpose of reviving the frail national economy, dented by low foreign exchange reserves, currency depreciation and record inflation.
Barrick Gold鈥檚 top official, Mark Bristow, has also acknowledged the Saudi interest in the project, saying his company would not dilute its equity.
However, he added that Barrick Gold would not oppose any decision by the Pakistan government to sell part of its stake to Saudia Arabia.
Radio Pakistan said the government in Islamabad expects up to $5 billion investment in the mining and agriculture sector by June next year.
Salman Agha, Haris Rauf star as Pakistan beat Afghanistan in UAE tri-series opener
Skipper Agha鈥檚 unbeaten 53 and late stand with Nawaz lift Pakistan to 182-7 in Sharjah
Rauf takes 4-31, including Rashid Khan鈥檚 wicket, as Afghanistan fall 39 runs short of target
Updated 29 August 2025
AFP
SHARJAH: Skipper Salman Agha hit an unbeaten half century and fast bowler Haris Rauf grabbed four wickets as Pakistan upstaged Afghanistan by 39 runs in the tri-series opener in Sharjah on Friday.
Agha hit a 36-ball 53 not out with three sixes and as many boundaries which lifted Pakistan to 182-7 in their 20 overs.
Pacers Rauf took 4-31 and Shaheen Afridi 2-21, while spinners Mohammad Nawaz (2-23) and Sufiyan Muqeem (2-25) dismissed Afghanistan for 143 in 19.5 overs before a noisy capacity 16,000 crowd at the Sharjah stadium.
Afghanistan matched Pakistan with opener Rahmanullah Gurbaz, 27-ball 38 with a six and three boundaries, adding 51 for the second wicket with Sediqullah Atal, who made 23.
It was Rauf who changed the game with a two-wicket 12th over sending Atal and Karim Janat back without conceding a run.
Afghanistan skipper Rashid Khan smashed five sixes and a four in his whirlwind 16-ball 39 but fell to Rauf to end his team鈥檚 fight.
Earlier, Pakistan was lifted by Agha鈥檚 fourth T20I half century.
Agha anchored the innings admirably well after opener Sahibzada Farhan smashed two sixes and a boundary in his 10-ball 21 after Pakistan won the toss and batted.
Agha added 53 for the fifth wicket with Nawaz whose 11-ball 21 had two sixes and a boundary as the duo helped Pakistan get 51 runs in the last five overs.
Pakistan play hosts United Arab Emirates on Saturday.
All three teams face other each other twice with the top two playing the September 7 final.
ISLAMABAD: Prime Minister Shehbaz Sharif will leave on Saturday for a six-day visit to China, from Aug. 30 to Sept. 4, to attend a regional summit and hold meetings with President Xi Jinping and Premier Li Qiang, with political, economic and investment ties topping the agenda, the foreign ministry said Friday.
The visit underscores the strong and multifaceted partnership between the two countries, which spans defense, diplomacy and economic cooperation.
China has long been Pakistan鈥檚 largest investor and its closest strategic ally, anchored by the multibillion-dollar China-Pakistan Economic Corridor (CPEC). Both sides are working to advance into 鈥淐PEC 2.0,鈥 focused on industrialization, agriculture, energy and connectivity.
鈥淚n China, the Prime Minister would hold meetings with President Xi Jinping and Premier Li Qiang during which multifaceted dimensions of Pakistan-China bilateral cooperation would be discussed,鈥 the foreign office said.
鈥淗e would also attend the military parade with President Xi and other world leaders being held in Beijing to commemorate the 80th anniversary of the World鈥檚 Anti-Fascist War,鈥 it added, using a term widely employed in China to describe World War II.
The statement said Sharif would also interact with Chinese business leaders and corporate executives to discuss trade and investment and address a Pakistan-China Business-to-Business (B2B) Investment Conference in Beijing.
Sharif鈥檚 engagements are part of leadership-level exchanges that both governments describe as vital to maintaining their 鈥渁ll-weather strategic cooperative partnership.鈥
The foreign office said the visit will reaffirm support on core interests, strengthen bilateral cooperation and ensure regular consultations on regional and global developments.
The prime minister will also attend the Shanghai Cooperation Organization (SCO) Council of Heads of State Summit in Tianjin during the trip, alongside other regional leaders.
Sharif also visited China in June 2024, when he held talks with Xi and Li in Beijing, toured cultural and educational sites in Xi鈥檃n, and announced that 1,000 Pakistani students would receive agricultural training in China.
That five-day trip included meetings with leading Chinese companies in the energy and technology sectors, as the government strives to encourage foreign investors to explore manufacturing and other opportunities in Pakistan.
WAZIRABAD: The deadly floods that have ravaged Pakistan鈥檚 Punjab province have not only claimed about 20 lives but have also devastated the livelihoods of countless others, with families watching helplessly as their crops were swallowed by floodwaters and livestock swept away.
With the lifelines of their survival vanishing in moments, what remains is a haunting landscape of destruction, despair and the silent grief of those left behind.
The floods began in the eastern province of Punjab on Monday when heavy rains triggered sudden water releases from Indian dams on the Sutlej, Chenab and Ravi rivers, making it the worst deluge for the region in about four decades.
In Wazirabad district, heart-wrenching scenes are visible everywhere, with more than 25 villages submerged and nearly 8,000 residents displaced. People mourn the loss of their crops and cattle, and on Friday, two days after the record-breaking flood in the Chenab River, many were still trying to move their animals to safety while watching their submerged rice fields with helpless eyes.
One man, Muhammad Afzal, a resident of the Koth Kahlu area, had been planning to marry one of his two daughters after harvesting his rice crop, but those dreams now lie in ruins.
鈥淪uddenly, so much water came with a great speed that we have never seen in our lives,鈥 he told Arab News. 鈥淲e got the warning late, and our livestock was swept away. Everyone lost 10, 15, 20 animals.鈥
A photo taken on August 29, 2025, shows a flood-damaged road in Wazirabad district of Punjab province, Pakistan. (AN Photo)
He added his entire year鈥檚 harvest had been destroyed:
鈥淚 cultivated rice on 117 acres and corn on 20 acres, but it鈥檚 all finished. This is Allah鈥檚 will regarding what will happen.鈥
Punjab is considered the breadbasket of Pakistan due to its significant contribution to the country's agriculture, particularly in staple crops like rice and wheat. The ongoing floods now pose a severe threat to Pakistan鈥檚 already struggling economy, with agriculture accounting for 23 percent of the country鈥檚 GDP.
Zeeshan Khokhar, a local journalist covering the catastrophe, described the emotional toll on residents.
"I have seen countless people in tears over the past two days," he said. "Many refused to leave their beloved homes and livestock despite repeated pleas from rescue workers."
Another local, Furqan Ahmad, shared his loss, saying he lost his cow and his entire rice crop grown on five acres of land.
鈥淩escue teams didn鈥檛 come in time," he added, his voice heavy with sorrow. "I tried everything, but I couldn鈥檛 save my animal.鈥
Many people have complained that their surviving animals were swept away by the floodwaters into other areas, but there is no way to retrieve them.
Those currently in possession of the animals are making their own claims, and without a proper identification system, it is nearly impossible to prove ownership.
鈥淭here鈥檚 no way to tell which buffalo belongs to whom,鈥 one of them lamented.
Farmers in the area also expressed frustration over the already low wheat prices this year, saying the floods have completely crippled them financially.
Many have been forced to migrate to urban centers along with their remaining livestock in search of safety and support.
Meanwhile, those who have stayed fear that further rainfall in the upper regions of neighboring India could unleash even more devastation in the coming days.
Although Punjab Chief Minister Maryam Nawaz has promised compensation for farmers affected by the floods, many remain skeptical, pointing out that similar promises in the past were never fulfilled.
This aerial photograph shows commuters driving on a bridge as floodwaters flow through the Ravi river following a rise in water levels near residential areas in Shahdara, Lahore on August 29, 2025. (AFP)
Authorities are now working to provide relief supplies, medical assistance, and temporary shelters for the affected populations.
Efforts are also underway to prevent the outbreak of diseases 鈥 particularly waterborne and skin infections 鈥 in the flood-impacted regions.
ISLAMABAD: Pakistan鈥檚 Climate Change Minister Musadik Malik on Friday warned wealthy business tycoons of action against resorts, hotels and housing societies built on riverbeds after floods inundated the northern and eastern parts of the country.
Swollen rivers in Pakistan鈥檚 most populous province, Punjab, have submerged more than 1,600 villages and displaced over 1.1 million people, with about 40 deaths reported in the region since Aug. 15, according to the National Disaster Management Authority (NDMA).
Mass evacuations began after heavier-than-usual monsoon rains and the release of water from overflowing dams in India triggered flash floods in low-lying border areas of Pakistan.
Media footage showed water from the Ravi River entering a lavish private housing society in the eastern city of Lahore last night as police urged residents to evacuate immediately.
鈥淭his monsoon is our declaration of war. We will not stop now and will remove every obstacle from the river鈥檚 path,鈥 Malik said while addressing a televised news conference in Karachi during his visit.
鈥淭he prime minister has said no one is stronger than the state and this year you will see it,鈥 he continued. 鈥淣ow we will see who is stronger 鈥 the state or a handful of tycoons.鈥
He pleaded with the country鈥檚 elite to 鈥渉ave some fear鈥 while building housing colonies along riverbanks.
鈥淭hese are the very places where we should have been preserving water and where rivers should have been allowed to spread and be stored,鈥 he added.
鈥淓very district should have designated wetland zones and protected areas.鈥
Malik urged people to grow mangroves, wetlands and forests to absorb carbon dioxide from the air.
He lamented that resorts, hotels and housing societies built along riverbanks by wealthy people had become a source of death for the poor.
鈥淲hen the mansions and illegal complexes of the wealthy collapse, their concrete and timber turn into missiles,鈥 he said.
鈥淗uge boulders, flying like pebbles, come crashing down with the water hitting poor settlements and destroying everything in their way.鈥
Calling the settlements on riverbanks an 鈥渁gent of destruction鈥 for the poor, Malik urged the wealthy elite to reconsider their actions and stop building along riverbanks.
He also disclosed that Pakistan was employing the best technology in the world including satellites, drones and artificial intelligence to monitor and tackle floods.
鈥淒rones are hovering over the mountains, satellites are sending images, AI is mapping every possible route water could take next year.鈥
Around 842 people have been killed in the monsoon season since June 26, with the northwestern Khyber Pakhtunkhwa province recording the highest number of casualties.
Pakistani officials say the current spell is likely to last until at least Sept. 10 and could rival the 2022 floods, which killed more than 1,700 people and caused over $30 billion in damage.
ISLAMABAD: Deputy Prime Minister and Foreign Minister Ishaq Dar on Friday announced Pakistan International Airlines (PIA) would launch three to four weekly flights to Manchester in the United Kingdom, saying the revival of the national carrier had been among the government鈥檚 top priorities.
Britain removed Pakistan from its Air Safety List earlier this year, clearing the way for Pakistani carriers to seek permits to operate in the UK.
Pakistani airlines were barred from flying to Europe and Britain after a 2020 PIA Airbus A320 crash in Karachi killed nearly 100 people and led to controversial claims about widespread irregularities in pilot licensing.
European regulators lifted their suspension last November after due diligence, enabling PIA to resume operations to Paris in January.
鈥淎s you know, just a few months ago, by the grace of God, the UK ... lifted its ban [on PIA flights],鈥 Dar told reporters at a news conference.
鈥淪o, the final expected flights [to the UK] are due in the month of September,鈥 he added. 鈥淭hey will start from Pakistan to Manchester, with three to four weekly flights. PIA is preparing for this.鈥
The deputy PM added flights to Britain would have resumed sooner had the UK still been bound by European Union aviation rules.
He said the government was encouraged by good feedback from the public, noting that at present only British Airways offers direct services, which were limited to Islamabad twice a week.
With more than 1.6 million people of Pakistani heritage living in the UK and thousands of British nationals residing in Pakistan, the Manchester route is expected to ease travel and stimulate bilateral trade.
Britain is Pakistan鈥檚 third-largest trading partner, with bilateral commerce worth 拢4.7 billion.
The new flights are likely to strengthen PIA鈥檚 balance sheet, potentially raising its value as the government pushes ahead with plans to privatize the loss-making airline.