{"id":70450,"date":"2020-09-14T14:18:47","date_gmt":"2020-09-14T09:18:47","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=70450"},"modified":"2020-09-14T14:18:48","modified_gmt":"2020-09-14T09:18:48","slug":"balochistan-govt-amends-laws-ensure-mineral-companies-profitability","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/balochistan-govt-amends-laws-ensure-mineral-companies-profitability.html","title":{"rendered":"Balochistan govt amends laws to ensure mineral companies&#8217; profitability"},"content":{"rendered":"\n<p>Islamabad: The Balochistan government recently amended its laws regarding state-owned mineral firms operating within the province \u2014 with the initiative aimed at making these companies more profitable, according to a news source published on September 14. The government also plans to introduce additional changes to these regulations in the future.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/balochistan-introduces-first-ever-mineral-policy-investors.html\" target=\"_blank\" rel=\"noreferrer noopener\">Balochistan introduces first-ever mineral policy for investors<\/a><\/p>\n\n\n\n<p>According to a senior official of the Mines and Minerals Department, the amendments will allow the Balochistan Minerals Exploration Company (BMEC) and the Balochistan Minerals Resource Company Limited (BMRL) to hold mining leases in the province. The changes in the laws also provide legal cover to both firms.<\/p>\n\n\n\n<p>The official further hoped that this would help increase the revenue for these companies, as they are now allowed to partner with private organisations on joint ventures in the mineral sector.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/balochistan-boi-to-host-digital-conference-to-attract-american-investors.html\" target=\"_blank\" rel=\"noreferrer noopener\">Balochistan BoI to host digital conference to attract American investors<\/a><\/p>\n\n\n\n<p>Reportedly, the provincial government is also planning on listing the aforementioned mineral companies with the Pakistan Stock Exchange. Currently, the Balochistan government owns 90% of the shares in these companies, while the remaining are owned by the federal government.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Balochistan government recently amended its laws regarding state-owned mineral firms operating within the province \u2014 with the initiative aimed at making these companies more profitable, according to a news source published on September 14. The government also plans to introduce additional changes to these regulations in the future. Read: Balochistan introduces first-ever mineral policy for investors According to a senior official of the Mines and Minerals Department, the amendments will allow the Balochistan Minerals Exploration Company (BMEC) and the Balochistan Minerals Resource Company Limited (BMRL) to hold mining leases in the province. The changes in the laws also provide legal cover to both firms. The official further hoped that this would help increase the revenue for these companies, as they are now allowed to partner with private organisations on joint ventures in the mineral sector. Read: Balochistan BoI to host digital conference to attract American investors Reportedly, the provincial government is also planning on listing the aforementioned mineral companies with the Pakistan Stock Exchange. Currently, the Balochistan government owns 90% of the shares in these companies, while the remaining are owned by the federal government.<\/p>\n","protected":false},"author":57,"featured_media":60157,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[39402],"persona":[],"class_list":{"0":"post-70450","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-balochistan-mineral-companies","9":"cat-15015-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Balochistan govt amends laws for mineral companies - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Balochistan government recently amended its laws regarding state-owned mineral firms operating within the province \u2014 with the initiative aimed at making these companies more profitable, according to a news source published on September 14.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/balochistan-govt-amends-laws-ensure-mineral-companies-profitability.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Balochistan govt amends laws for mineral companies - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Balochistan government recently amended its laws regarding state-owned mineral firms operating within the province \u2014 with the initiative aimed at making these companies more profitable, according to a news source published on September 14.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/balochistan-govt-amends-laws-ensure-mineral-companies-profitability.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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