No Result
View All Result
  • Business
  • National
  • World
  • Sports
  • Entertainment
    • ZABTHEATRE’23
  • Tech
  • Stories
  • Education
  • YourCut
  • Business
  • National
  • World
  • Sports
  • Entertainment
    • ZABTHEATRE’23
  • Tech
  • Stories
  • Education
  • YourCut
No Result
View All Result
No Result
View All Result

Pakistan and Barrick Gold reach agreement for Reko Diq project

News Desk by News Desk
March 21, 2022
in Latest News, National, Top News
Reading Time: 1 min read
Pakistan and Barrick Gold reach agreement for Reko Diq project

ISLAMABAD: Prime Minister Imran Khan announced on Sunday that an agreement to develop the Reko Diq mine had been reached after fighting the legal battle for 10 years.

In his tweet, Mr Khan stated that after the agreement with Barrick Gold for Reko Diq mine development, 8,000 jobs would be created and a 10-billion dollar investment would be done in Balochistan. He added that mine would be the world’s largest resource of copper and gold, driving the country in prosperity and development.

I congratulate the nation & ppl of Balochistan on successful agreement with Barrick Gold for development of RekoDiq mine after 10 years of legal battles & negotiations. Penalty of approx $ 11 bn is off set, $10 bn will be invested in Balochistan creating 8000 new jobs.

— Imran Khan (@ImranKhanPTI) March 20, 2022

Barrick and the governments of Pakistan and Balochistan have reached agreement on a framework that provides for the reconstitution of the Reko Diq project in the country’s Balochistan province. $GOLD $ABX https://t.co/NfyOXFOFfv

— Barrick Gold Corporation (@BarrickGold) March 20, 2022

Finance Minister Shaukat Tarin said that from the total 50 per cent share of Pakistan, Balochistan would receive 25pc of the share.

News Desk

News Desk

Related Posts

Winners of WomenInTech Cohort 5
Corporate World

Standard Chartered announces Winners of WomenInTech Cohort 5

November 30, 2023
Police arrests key suspects in RJ shopping mall fire case
Featured

RJ shopping mall fire case: Police arrests key suspects

November 30, 2023
ZA Sprint launched by Zong 4G
Corporate World

Zong 4G Announces the Launch of MZA Sprint

November 30, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

TOP NEWS

Winners of WomenInTech Cohort 5

Standard Chartered announces Winners of WomenInTech Cohort 5

by Web Desk
November 30, 2023

KARACHI: Standard Chartered Bank (SCBPL), in partnership with INNOVentures Global (Private) Limited, announced the winners of #SCWomenInTech Cohort 5, 2023....

ZA Sprint launched by Zong 4G

Zong 4G Announces the Launch of MZA Sprint

by Web Desk
November 30, 2023

ISLAMABAD: Zong 4G, Pakistan’s leading telecommunications company, has launched a suite of new features on its My Zong App (MZA),...

Barrister Gohar Khan named chairman PTI candidate

Barrister Gohar Khan named as candidate for PTI chairmanship

by News Desk
November 30, 2023

ISLAMABAD: On Tuesday, the developments in Pakistan Tehreek-e-Insaf took a surprising turn when former prime minister Imran Khan named Barrister...

KSE-100 index gains 60000 points

PSX crosses the record barrier of 60000 points

by News Desk
November 29, 2023

On Tuesday, the Pakistan Stock Exchange (PSX) continued its bullish run as the benchmark index crossed the record-high 60000 points...

The Upcut is a news platform that brings you the latest news, developments from all walks of life, from all over the world. We cover Business, news from Pakistan and rest of the world, Sports, and Entertainment. You can also read Tech Reviews and How-To Guides for simple solutions and dailylife hacks.

BUSINESS   |   NATIONAL   |   WORLD   |   SPORTS   |   ENTERTAINMENT   |   TECH   |   HOW-TO GUIDES

  • Home
  • About Us
  • Privacy Policy
  • Editorial Guidelines
  • Contact Us
  • Stories

Copyright © 2022 The Upcut. All rights reserved.

No Result
View All Result
  • Business
  • National
  • World
  • Sports
  • Entertainment
    • ZABTHEATRE’23
  • Tech
  • Stories
  • Education
  • YourCut

Copyright © 2022 The Upcut. All rights reserved.

Go to mobile version