Prime Minister Imran Khan has stated that the federal government will shoulder the whole financial burden of Reko Diq in order to ensure Balochistan’s growth and prosperity. He claimed in a tweet that the move was part of the government’s plan to boost smaller provinces.
“In keeping with my government’s vision for the development of smaller provinces, I’ve decided that our federal government would shoulder the whole financial burden for Reko Diq and its development on behalf of the government of Balochistan.”
“This will help usher in an era of prosperity for the people and province of Balochistan,” he added.
Meanwhile, talking to Khyber Pakhtunkhwa Chief Minister Mahmood Khan in Islamabad, the Prime Minister directed for timely completion of all the ongoing projects in the province.
The premier also directed for taking all steps to ensure unity and discipline in the party ranks for the upcoming phase of local government elections.
During the meeting, matters about the second phase of local government elections and the organization of PTI in the province came under discussion.
The Supreme Court of Pakistan had blocked the joint venture, Tethyan Copper, in 2013 from developing Reko Diq – one of the world’s biggest untapped deposits of copper and gold – following a court case over how the contract had been awarded.
The Pakistani government, however, was later ordered by a global arbitration body to pay $5.8 billion in damages after Tethyan Copper took it to court.