‘Tremendous response’: Pakistani companies say several MoUs signed with Saudi firms at minerals summit

Pakistani Wah Nobel Group signs memorandum of understanding with Saudi Gold Refinery at the Future Minerals Forum in Riyadh, Saudi Arabia, on January 15, 2024. (Wah Nobel Group)
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Updated 17 January 2025
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‘Tremendous response’: Pakistani companies say several MoUs signed with Saudi firms at minerals summit

  • Future Minerals Forum, world’s premier platform for minerals, was held in Riyadh from Jan.14-16 
  • Pakistan in recent months has intensified efforts to attract foreign investment in its mining sector

ISLAMABAD: Pakistani companies signed several agreements and joint ventures with Saudi firms during this week’s three-day Future Minerals Forum (FMF) summit in Riyadh, members of the delegation confirmed on Thursday, praising the “tremendous response” that the Pakistan Pavilion received at the Kingdom’s capital. 

 The Future Minerals Forum (FMF), the world’s premier platform for minerals, was held in Riyadh from Jan. 14-16. It brought together governments, international organizations and key stakeholders to collectively shape the future of the global minerals industry. With 14,000 participants from 178 countries, including 75 government representatives, FMF says it serves as a catalyst for global collaboration.

Pakistan’s Petroleum Minister Dr. Musadik Malik led a delegation of Pakistani companies and businesspersons at the summit. Pakistan set up a pavilion at the FMF where 12 leading companies, including the Pakistan Petroleum Limited (PPL), Mari Petroleum Company, Oil & Gas Development Company Limited (OGDCL), Bolan Mining Enterprises, HTMA Mining and Wah Nobel Group, showcased their potential in the country’s mining sector.

“Pakistan Pavilion received a tremendous response during three days at FMF and many deals, joint ventures, and MoUs were signed with different Saudi firms,” Syed Mahmood ul Hassan, the general manager of Pakistan’s premier natural gas supplier PPL, and focal person of the country’s pavilion at the FMF summit, told Arab News over the phone from Riyadh. 

He said around 35 Saudi firms from across the Kingdom actively engaged with Pakistani companies at the forum.

“About four MoUs have been signed by us and it has been very helpful in seeking collaboration, joint ventures and investments,” Hassan said. “We hope that in the future we will continue to materialize whatever talks we have conducted.”

Arslan Younus, business development manager at Wah Nobel Group, a Pakistani company engaged in producing a wide range of commercial explosives, detonators and drilling and blasting accessories, said the company signed four MoUs with Saudi firms during the FMF Summit.

“We have signed four MOUs with Saudi mining companies to offer our drilling and blasting services for their upcoming mining and mineral projects in the Kingdom,” he told Arab News. 

Younus said these agreements were signed with the Saudi Gold Refinery, the Kingdom’s largest mining company, the Saudi Mining Company, a Saudi incubation firm and AMAK mining company. 

With numerous projects emerging in the Kingdom, particularly under Saudi Vision 2030 in the mining and mineral sectors, Younus expressed hope for more collaborations. 

“Now we are entering the Saudi market through joint ventures and are optimistic about establishing strong collaborations,” he said. 

Saudi Arabia’s Mining Minister Bandar Alkhorayef told Reuters on Wednesday that mining company Manara Minerals was looking at investing in Pakistan’s Reko Diq mine, saying that the Saudi Development Fund could contribute over $100 million to Pakistan’s mining infrastructure. 

Located in the country’s southwest, Reko Diq is considered one of the world’s largest underdeveloped copper-gold areas by global mining company Barrick Gold Corp. 

Saudi Arabia has offered Pakistan a 15 percent investment stake in the copper and gold mine project, Pakistan’s state media reported in September 2024. 

Muhammad Yousaf, the focal person for mines and minerals at the Trade Development Authority of Pakistan, said the South Asian country offered highly attractive investment opportunities for Saudi investors, which is why leading Pakistani companies participated in the summit to capitalize on the opportunities offered by Riyadh.  

“All of these companies are big names in mines and minerals exploration,” Yousaf told Arab News. 

He said the Pakistani delegation had “very good discussions” with Saudi company Manara Minerals, hoping the investment would realize “soon.” 


What are the cases against Pakistan’s former PM Imran Khan and his wife?

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What are the cases against Pakistan’s former PM Imran Khan and his wife?

  • Khan, who was ousted from office in 2022, has been behind bars for more than a year
  • On Friday, ex-PM was convicted of receiving land in bribe from a real estate developer

A Pakistani court on Friday sentenced former Prime Minister Imran Khan to 14 years imprisonment and his wife Bushra Bibi to seven years in a land corruption case, his legal team said.

The verdict in the case, the largest in terms of financial wrongdoing faced by Khan, was delivered by an anti-graft court in a prison in the garrison city of Rawalpindi, where Khan has been jailed since August 2023.

Here are some of the allegations against the 72-year-old former cricket star, named in dozens of cases since he was ousted from office in 2022 that have kept him behind bars for more than a year.

GRAFT ALLEGATIONS

On Friday, Khan was convicted on charges that he and his wife were gifted land by a real estate developer during his premiership from 2018 to 2022 in exchange for illegal favors.

He was first arrested in May 2023 in this case, on allegations that the couple received land worth up to 7 billion rupees ($25.12 million) as a bribe through a trust created in 2018.

His Pakistan Tehreek-e-Insaf (PTI) party has maintained the land was donated for charitable purposes.

Bibi was taken into custody on Friday after being released on bail in October in another case.

STATE GIFTS

\Khan was arrested in August 2023 for allegedly selling gifts worth more than 140 million rupees that he received during his premiership and which belonged in state possession. Khan and Bibi were indicted on fresh charges in December after they were sentenced in two other versions of the case, although the sentences have been suspended. The couple has denied any wrongdoing.

ABETTING VIOLENCE

Khan faces anti-terrorism charges in connection with the violence that followed his arrest in May 2023, and in relation to which several of his supporters have already been sentenced.

He was indicted in December and is on trial.

STATE SECRETS

Khan was accused of making public a classified cable sent to Islamabad by Pakistan’s ambassador in Washington in 2022, while he still held office. He was acquitted in the case in June.

UNLAWFUL MARRIAGE

Khan and his wife were accused of breaking Islamic law by failing to observe the mandated waiting period between Bibi’s divorce from her previous husband and their marriage in 2018. They were acquitted of the charges in July.


Pakistan court sentences ex-PM Imran Khan to 14 years in prison in land bribe case

Updated 30 min 14 sec ago
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Pakistan court sentences ex-PM Imran Khan to 14 years in prison in land bribe case

  • The case involves a charitable entity, Al-Qadir Trust, set up by the ex-premier and his wife Bushra Khan in 2018
  • Authorities say the trust was a front for the couple to receive valuable land as bribe from a real estate developer

ISLAMABAD: An accountability court in Pakistan on Friday sentenced former prime minister Imran Khan to 14 years in prison after he was convicted along with his wife of receiving land as a bribe from a real-estate tycoon, Khan’s party said.
The case involved a charitable entity, Al-Qadir Trust, set up by Khan and his third wife Bushra Khan in 2018 when he was still in office. The court sentenced Khan’s wife to seven years in prison in the case.
Pakistani authorities say the trust was a front for the couple to receive valuable land as a bribe from a real estate developer, Malik Riaz Hussain, who is one of Pakistan’s richest and most powerful businessmen. Hussain, like Khan and Bushra, denies any wrongdoing.
In response to Friday’s verdict, Khan’s Pakistan Tehreek-e-Insaf (PTI) party said while it awaited a detailed judgment, the case against Khan and his wife “lacks any solid foundation and is bound to collapse.”
“All evidence and witness testimonies confirm that there has been no mismanagement or wrongdoing,” the PTI said in a statement. “Imran Khan and Bushra Bibi are merely trustees with no further involvement in the matter.”
The announcement of the verdict in the Al-Qadir Trust case had already been postponed thrice before, drawing criticism from Khan’s party.
Khan, while speaking to journalists inside the Adyala jail in Rawalpindi where Judge Nasir Javed Rana announced the decision, said the verdict had “tarnished the reputation” of the country’s judiciary.
“In this case, neither I benefited nor the government lost [anything]. I don’t want any relief, will face all cases,” he said. “My wife is a housewife, who has nothing to do with this phony case. Wife was given sentence to infuriate me.”
Pakistan’s government said the country’s judiciary was independent to make decisions and Khan had failed to offer evidence to prove his innocence.
“This case has run for a period of more than a year, testimonies were recorded in it. The Tehreek-e-Insaf founder had the right to present evidence in his defense... he did not present witnesses in defense,” Law Minister Azam Nazeer Tarar said.
“Now, he has the right to file an appeal.”
Information Minister Attaullah Tarar called the Al-Qadir Trust case the “biggest mega corruption case” in Pakistan’s history, saying that Khan’s party fought it on “political basis.”
“The defense counsel fought this case politically. He did not fight the case on merit, based on evidence, and it has also been written in the verdict that the defense counsel could neither present evidence of [Khan and his wife’s] innocence, nor he could give a satisfactory response to the prosecution’s evidence,” he said.
“This case was fought on political basis, in media.”
Authorities say the Al-Qadir Trust scheme originated with 190 million pounds repatriated to Pakistan in 2019 by Britain after Hussain forfeited cash and assets to settle a British probe into whether they were proceeds of crime. Instead of putting it in Pakistan’s treasury, Khan’s government is accused of using the money to pay fines levied by a court against Hussain for illegal acquisition of government lands at below-market value for development in Karachi.
Khan, who has been in jail since August 2023 and faces a slew of legal cases, says all charges against him are politically motivated and being backed by his political rivals led by Prime Minister Shehbaz Sharif and the country’s all-powerful military. Both deny the allegations.


Death toll rises to 10 in Pakistan supply convoy ambush — police

Updated 17 January 2025
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Death toll rises to 10 in Pakistan supply convoy ambush — police

  • The attack happened Thursday when trucks carrying food, medicine and other relief supplies were heading to Kurram
  • Five drivers were still missing and their trucks had been burned by the attackers, a local police official says

Peshawar: The death toll from an ambush on a Pakistan convoy bringing supplies to a region besieged by sectarian fighting rose to 10 on Friday, police said, while up to six drivers have been kidnapped.
The Thursday ambush targeted a convoy of 33 vehicles set to resupply local traders in the northwest Kurram region with rice, flour and cooking oil and two aid vehicles carrying essential medicine.
“The deceased include two security personnel, four drivers... and four civilians,” a local police official told AFP on condition of anonymity.
“There are reports that five to six drivers have been abducted by a local tribe,” he said.
Kurram has been wracked by Sunni-Shiite violence for decades, but around 140 people have been killed since a fresh bout of fighting broke out in November.
As feuding tribes have battled with machine guns and heavy weapons, the remote and mountainous region bordering Afghanistan has been largely cut off from the outside world.
Numerous ceasefires have been touted, most recently on January 1, but none have stopped the violence.


Wildlife authorities seek declaration of fifth biosphere reserve for endangered Indus dolphins in Pakistan

Updated 17 January 2025
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Wildlife authorities seek declaration of fifth biosphere reserve for endangered Indus dolphins in Pakistan

  • Biosphere reserves are protected areas that aim to balance the conservation of biodiversity with its sustainable use
  • The number of endangered Indus dolphins has grown to 2,100 in Pakistan amid conservation efforts in recent years

ISLAMABAD: Wildlife authorities in Pakistan’s northwestern Khyber Pakhtunkhwa (KP) province seek another biosphere reserve for endangered Indus dolphins in Pakistan and have requested their counterparts in Sindh and Punjab provinces to take up the matter with the federal climate change ministry, aiming to boost conservation and scientific assessment of the endangered species.

Biosphere reserves are protected areas that aim to balance the conservation of biodiversity with its sustainable use. They are part of the United Nations Educational, Scientific and Cultural Organization’s (UNESCO) Man and Biosphere (MAB) program, which was launched in the 1970s.

Currently, there are 738 biosphere reserves in 134 countries of the world. Four of them are in Pakistan, including two in KP and one each in Punjab and Balochistan provinces of the South Asian country, where authorities say the number of Indus dolphins has grown to 2,100.

There are several other potential sites, including the Indus River and associated riparian areas or wetlands along KP’s Dera Ismail Khan district, which can be declared biosphere reserves for blind Indus dolphins, according to KP Chief Wildlife Conservator Dr. Mohsin Farooque.

“KP Wildlife Department suggests that the area of the proposed Indus Blind Dolphin Biosphere Reserve may be extended to include the habitat falling in Punjab and Sindh provinces to cover the entire range of Dolphin and conserve its habitat along Indus River in Layyah, Rajanpur, DG [Dera Ghazi] Khan, Muzaffargarh etc. in Punjab and Sukkur etc. in Sindh,” Dr. Farooque said in a letter to Punjab and Sindh wildlife authorities.

“This will help conserve the entire ecosystem along Indus River, including associated riparian and wetland areas on both sides of the Indus River.”

The Indus River dolphin (Platanista gangetica minor) and the Ganges River dolphin, also known as “susu,” (Platanista gangetica gangetica) are two river dolphin subspecies that are today the only surviving members of a once primitive and widespread group of archaic cetaceans that swam in the ancient Tethys Sea 50 million years ago, according to experts.

As the sea levels dropped and lands shifted, the freshwater Indus River dolphins were left behind in inland rivers in what is present-day Pakistan. Their survival is crucial to the local eco-structure.

Dr. Farooque said wildlife did not recognize man-made boundaries and fulfilled their requirements and life cycle within their home range irrespective of district, province or country.

“It is, therefore, requested to take necessary measures to take up the case with Ministry of Climate Change and Environmental Coordination, Islamabad for declaration of Indus Biosphere Reserve along Indus in relevant districts of

Punjab and Sindh and promote transboundary management... for effective conservation of the endemic Indus blind dolphin,” he added.


Pakistan launches indigenous satellite to predict natural disasters

Updated 21 min 10 sec ago
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Pakistan launches indigenous satellite to predict natural disasters

  • The EO-1 satellite will be launched from China’s Jiuquan Satellite Launch Center
  • It can provide timely updates on floods, landslides, quakes and glacier recession

ISLAMABAD: Pakistan has launched its first fully indigenous Electro-Optical (EO-1) satellite today, Friday, to help predict natural disasters and monitor resources, Pakistani state media reported.
The EO-1 satellite will be launched from China’s Jiuquan Satellite Launch Center. The launch represents the Space and Upper Atmosphere Research Commission’s (SUPARCO) dedication and expertise in advancing Pakistan’s technological capabilities in space science.
The satellite will enhance the country’s ability to monitor and manage natural resources, predict and respond to natural disasters, support food security and drive economic growth through informed decision-making and sustainable development.
“Designed and developed entirely by Pakistani engineers, EO-1 satellite is expected to provide substantial benefits across various sectors,” the Radio Pakistan broadcaster reported.
Pakistan has witnessed erratic, frequent changes in its weather patterns, including floods, droughts, cyclones, torrential rainstorms, heatwaves and the slow-onset threat of glacial melting, in recent years that scientists have blamed on human-driven climate change.
In 2022, unusually heavy rains triggered floods in many parts of the country, killing over 1,700 people, inflicting economic losses of around $30 billion, and affecting at least 30 million people.
In urban development, the EO-1 satellite can help track infrastructure growth, manage urban sprawl and aid city and regional planning efforts. It will provide timely updates on floods, landslides, earthquakes, deforestation and land erosion in terms of environmental monitoring and disaster management, according to Pakistani state media.
The satellite will also support extraction and conservation strategies for natural resources, such as the monitoring of minerals, oil and gas fields, glacier recession and water resources.
Pakistan has taken strides in its space research program in the past few months. In Nov. last year, SUPARCO announced its rover will join China’s Chang’E 8 mission to explore the moon’s surface in 2028.
In May 2024, Pakistan launched its first lunar satellite aboard China’s Chang’e-6 probe, which was tasked with landing on the far side of the moon that perpetually faces away from the Earth. China was the first country to make such an ambitious attempt.