{"id":90298,"date":"2022-11-28T14:50:57","date_gmt":"2022-11-28T09:50:57","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=90298"},"modified":"2022-11-28T15:09:42","modified_gmt":"2022-11-28T10:09:42","slug":"reko-diq-balochistan","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/reko-diq-balochistan.html","title":{"rendered":"Reko Diq to strengthen economy, encourage investments: Finance Minister"},"content":{"rendered":"\n<p>Islamabad: Federal Minister for Finance and Revenue Ishaq Dar stated that the Reko Diq project\u2019s revival will strengthen the economy by boosting investment sentiments and will boost employment opportunities in the country, according to news published on November 27.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/pakistan-mining-license-reko-diq-project.html\" target=\"_blank\" rel=\"noreferrer noopener\">Pakistan to issue new mining license for Reko Diq project<\/a><\/p>\n\n\n\n<p>Minister Dar made these remarks while presiding over a meeting of the apex committee held to review the progress on the Reko Diq project and its adherence to the steps agreed upon in the official arrangement.<\/p>\n\n\n\n<p>The minister opined about the importance of the project for the country. He stressed that early completion of the remaining step under the agreed arrangement should be ensured prior to the approaching deadline of December 15 for the revival of the project.<\/p>\n\n\n\n<p>The meeting was informed that the Supreme Court\u2019s advice on the reference filed has been received and necessary legislative measures will be taken to align with the formalities within the due date and all the concerned provinces are fully on board.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/state-enterprises-participate-reko-diq-project.html\" target=\"_blank\" rel=\"noreferrer noopener\">State-owned enterprises to participate in Reko Diq project<\/a><\/p>\n\n\n\n<p>The meeting was told that the successful compliance of the agreed arrangement in the Reko Diq project will boost international investors\u2019 confidence as well.<\/p>\n\n\n\n<p>Previously, the apex committee \u2013 which is headed by the finance minister and Tethyan Copper Company Pakistan (Pvt) Ltd shareholders \u2013 agreed to a framework for the settlement and revival of the <a href=\"https:\/\/www.zameen.com\/news\/ksa-mineral-refinery-reko-diq-project.html\" target=\"_blank\" rel=\"noreferrer noopener\">Reko Diq <\/a>project in March. It is pertinent to mention that Barrick Gold Corporation and Pakistan agreed to develop one of the world\u2019s largest copper and gold mining projects after resolving their long-standing discord. As per the initial proposal, the project is expected to be developed in two phases and at an initial capital cost of USD 7 billion and will be moved to production between the years 2027-28.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Federal Minister for Finance and Revenue Ishaq Dar stated that the Reko Diq project\u2019s revival will strengthen the economy by boosting investment sentiments and will boost employment opportunities in the country, according to news published on November 27. Read: Pakistan to issue new mining license for Reko Diq project Minister Dar made these remarks while presiding over a meeting of the apex committee held to review the progress on the Reko Diq project and its adherence to the steps agreed upon in the official arrangement. The minister opined about the importance of the project for the country. He stressed that early completion of the remaining step under the agreed arrangement should be ensured prior to the approaching deadline of December 15 for the revival of the project. The meeting was informed that the Supreme Court\u2019s advice on the reference filed has been received and necessary legislative measures will be taken to align with the formalities within the due date and all the concerned provinces are fully on board. Read: State-owned enterprises to participate in Reko Diq project The meeting was told that the successful compliance of the agreed arrangement in the Reko Diq project will boost international investors\u2019 confidence&hellip;<\/p>\n","protected":false},"author":75,"featured_media":90300,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016,15017],"tags":[55098],"persona":[],"class_list":{"0":"post-90298","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"category-notices-announcements","9":"tag-reko-diq-to-strengthen-economy","10":"cat-15016-id","11":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Reko Diq to strengthen economy: Finance Minister - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: Federal Minister for Finance and Revenue Ishaq Dar stated that the Reko Diq project\u2019s revival will strengthen the economy by boosting\" \/>\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\/reko-diq-balochistan.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Reko Diq to strengthen economy: Finance Minister - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: Federal Minister for Finance and Revenue Ishaq Dar stated that the Reko Diq project\u2019s revival will strengthen the economy by boosting\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/reko-diq-balochistan.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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