Commemorative Stamp
ISLAMABAD: The U.S. Mission to Pakistan culminated its year-long campaign marking 75 years of relations with Pakistan with a reception to honor Pakistan’s issuance of a commemorative stamp.
The event was held at the U.S. Ambassador’s residence and included Chief Guest Foreign Secretary Dr. Asad Majeed Khan as well as other prominent figures from Pakistan government, academia, and civil society.
U.S. Ambassador to Pakistan Donald Blome highlighted the long friendship.
He said, “This stamp, which highlights both country’s symbols of freedom, not only marks the first 75 years of friendship, but manifests a vision for our future partnership in many arenas of shared purpose. It shows that we can accomplish great things when we work together.”
Foreign Secretary Dr. Asad Majeed said that Pakistan values its long-standing and broad-based relationship with the United States.
He said, “U.S. has been our key economic and developmental partner for over seven decades.”
The Ambassador and Foreign Secretary signed specially designed commemorative envelopes, or First Day Covers, along with the stamp. They presented guests with their own version of the commemorative stamp to take home.
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Saudi Arabia is keen to buy Reko Diq
Meanwhile, Saudi Arabia is actively seeking to purchase the Reko Diq mine in Balochistan, Pakistan.
The Canadian company Barrick Gold is declaring the cost of $7 billion for the Reko Diq mine in Balochistan. As Pakistan endeavors to strengthen its economy, it is reaching out to Gulf countries for investment opportunities.
Barrick Gold is currently in the process of developing the mine following an extensive legal battle. This potential deal marks a shift wherein Gulf countries may transition from lending money to Pakistan to acquiring its assets.
This development follows Pakistan’s establishment of an investment facilitation council.
Notably, Pakistan was facing the risk of default until recently, when it successfully negotiated a deal with the International Monetary Fund. Pakistan had also received support from “friendly” countries such as China, UAE, and Saudi Arabia.
According to media reports, Saudi officials are engaged in talks with Barrick Gold to acquire the government of Pakistan’s 50% share in the copper mine.
