{"id":90645,"date":"2022-12-12T15:49:50","date_gmt":"2022-12-12T10:49:50","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=90645"},"modified":"2022-12-12T15:49:52","modified_gmt":"2022-12-12T10:49:52","slug":"ecc-early-start-reko-diq-project","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/ecc-early-start-reko-diq-project.html","title":{"rendered":"ECC okays agendas for early start of Reko Diq project"},"content":{"rendered":"\n<p>Islamabad: The Economic Coordination Committee (ECC) has approved two important agenda items related to the Reko Diq copper and gold project, paving the way for its early start, news sources reported on December 12.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/ecc-approves-credit-guarantee-scheme.html\" data-type=\"post\" data-id=\"90353\" target=\"_blank\" rel=\"noreferrer noopener\">ECC gives nod to Credit Guarantee Scheme to supplement low-income housing initiative<\/a><\/p>\n\n\n\n<p>The federal government and the Balochistan government entered into an out-of-court dispute settlement with Tethyan Copper Company (a consortium of Barrick Gold Corporation and Antofagasta) in relation to the Reko Diq project in Balochistan. <\/p>\n\n\n\n<p>As per the terms of the settlement, the federal government has to clear its liabilities to Antofagasta, and the ECC has now allowed the Finance Division to direct three state-owned companies to deposit USD 22.71 million in an escrow account by December 15. In addition, the ECC has allowed the Finance Division to arrange the interest payable for the Balochistan government&#8217;s share of USD 8.51 million.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/ecc-approves-ramazan-relief-package.html\" data-type=\"post\" data-id=\"84630\" target=\"_blank\" rel=\"noreferrer noopener\">ECC approves PKR 8.2b relief package for Ramazan<\/a><\/p>\n\n\n\n<p>Furthermore, in a related development, Balochistan Chief Minister (CM) Abdul Qudoos Bizenjo announced that the Balochistan government will receive more than 38% of the revenue from the project, estimated to be around PKR 200 billion (USD 1.83 billion). <\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/reko-diq-balochistan.html\" data-type=\"post\" data-id=\"90298\" target=\"_blank\" rel=\"noreferrer noopener\">Reko Diq to strengthen economy, encourage investments: Finance Minister<\/a><\/p>\n\n\n\n<p>He said that the funds would be used to strengthen the provincial economy and the population&#8217;s welfare. The minister said that the project is expected to provide more than 8,000 jobs and serve as a gateway for foreign and local investments in the province.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Economic Coordination Committee (ECC) has approved two important agenda items related to the Reko Diq copper and gold project, paving the way for its early start, news sources reported on December 12. Read: ECC gives nod to Credit Guarantee Scheme to supplement low-income housing initiative The federal government and the Balochistan government entered into an out-of-court dispute settlement with Tethyan Copper Company (a consortium of Barrick Gold Corporation and Antofagasta) in relation to the Reko Diq project in Balochistan. As per the terms of the settlement, the federal government has to clear its liabilities to Antofagasta, and the ECC has now allowed the Finance Division to direct three state-owned companies to deposit USD 22.71 million in an escrow account by December 15. In addition, the ECC has allowed the Finance Division to arrange the interest payable for the Balochistan government&#8217;s share of USD 8.51 million. Read: ECC approves PKR 8.2b relief package for Ramazan Furthermore, in a related development, Balochistan Chief Minister (CM) Abdul Qudoos Bizenjo announced that the Balochistan government will receive more than 38% of the revenue from the project, estimated to be around PKR 200 billion (USD 1.83 billion). Read: Reko Diq to strengthen economy,&hellip;<\/p>\n","protected":false},"author":84,"featured_media":67076,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[20385],"tags":[55404,55402,55403],"persona":[],"class_list":{"0":"post-90645","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-development-projects","8":"tag-coper-mines-islamabad","9":"tag-ecc-okays-agendas-for-early-start-of-reko-diq-project","10":"tag-reko-diq-coppper-mines","11":"cat-20385-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ECC okays agendas for early start of Reko Diq project - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Economic Coordination Committee (ECC) has approved two important agenda items related to the Reko Diq copper and gold project, paving the\" \/>\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\/ecc-early-start-reko-diq-project.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ECC okays agendas for early start of Reko Diq project - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Economic Coordination Committee (ECC) has approved two important agenda items related to the Reko Diq copper and gold project, paving the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/ecc-early-start-reko-diq-project.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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