Pakistan, Barrick Gold agree to pay share in Pakistani rupees in Reko Diq project
The Barrick Gold Corporation's delegation led by its Chief Executive Officer Mark Bristow briefs the Prime Minister about the progress on the ongoing development work at Reko Diq.


Islamabad: Pakistan and Barrick Gold Corporation on Tuesday agreed to pay the share of the government of Pakistan in Pakistani rupees for the investment in Reko Diq project.
This was agreed during a meeting between Prime Minister Muhammad Shehbaz Sharif and a delegation of Barrick Gold Corporation, which called on him in Islamabad today.
The Barrick Gold Corporation's delegation was led by its Chief Executive Officer Mark Bristow. He briefed the Prime Minister about the progress on the ongoing development work at Reko Diq.
Speaking on the occasion, the Prime Minister said participation of international companies including Barrick Gold in the "Pakistan Mineral Summit" is manifestation of the restoration of confidence of international investors in Pakistan.
He said the success of the Mineral Summit and the restoration of the confidence of international companies like Barrick Gold in Pakistan become possible by the launch of the Special Investment Facilitation Council.
He said the Reko Diq project will be a game changer for the development of Balochistan and the region and will usher in a new era of development of the province and prosperity of its people.
The Prime Minister also directed all the authorities concerned to fulfill their responsibility in implementation the project.
Shehbaz Sharif was briefed that a Community Development Committee has been constituted Reko Diq to identify possible initiatives on priority basis for the development and prosperity of the people of Balochistan.
It was further briefed that local elders who are part of the committee identify the projects for the development of the local people themselves.
The Prime Minister was informed that employment opportunities are being provided to the talented local people of Balochistan in Reko Diq project and a significant amount from the investment will also be spent on the development of local area.
PM Shehbaz launches ‘Inspire Initiative’ to nurture semiconductor talent
- 13 hours ago

Why many transgender Americans are preparing to flee the country
- 3 hours ago
CR450: World’s fastest bullet train hits track for trials in China
- 15 hours ago

5.3 magnitude earthquake rocks Islamabad, parts of KP and Punjab
- 9 hours ago

Bulls' White (calf) to miss at least 2 more weeks
- 4 hours ago
Territorial violation to be met with firm response: COAS Munir
- 13 hours ago
Coca-Cola tops quarterly revenue estimates on steady soda demand
- 12 hours ago
Trump threatens Hamas amid push on next Gaza truce steps
- 13 hours ago

Fictional gadget reviews: exploring the latest in fantasy and sci-fi tech
- 20 hours ago
Maharaj takes seven as South Africa dismiss Pakistan for 333
- 12 hours ago
Former French president Sarkozy starts 5-year prison sentence
- 12 hours ago

Most animals on this island nation are found nowhere else on Earth. And now they’re vanishing.
- 3 hours ago