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Baluchistan to get a substantial profit share from the Reko Diq project

Baluchistan to get a substantial profit share from the Reko Diq project

Baluchistan to get a substantial profit share from the Reko Diq project. Baluchistan Chief Minister Mir Abdul Qudoos Bizenjo announced on Friday (January 21) that the provincial government will receive a greater profit share from the Reko Diq project. The percentage has been increased from 2% previously.

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The minister indicated, according to sources, that the federal government acquired interests in a company that had abandoned the project at the request of the provincial administration. The additional shares will be transferred to the Baluchistan government prior to the start of construction. Additionally, the project’s contractors have been directed to invest PKR 40 billion in public infrastructure and community development activities on the project’s Reko Diq site. The funds will be spent prior to the project’s start.

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