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Introducing a New Era for the Reko Diq Project: An Update on the Reko Diq Project

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There are some of the greatest copper and gold reserves in the world, and the Reko Diq Project, which is located in the Chagai District of Balochistan, is an important development endeavor. Additionally, the project recently received a boost with a 15% investment offer from Saudi Arabia. The project is scheduled to generate 200,000 tons of copper and 250,000 ounces of gold yearly for more than half a century.

In December 2022, Reko Diq will undergo a restructuring that will allow it to conform to worldwide standards. It is anticipated that this will result in the creation of 8,000 employment upon completion, with 4,000 long-term posts being created during production. In addition to reducing Pakistan’s reliance on fuel imported from other countries, it will improve Pakistan’s energy capacity.

Additionally, Barrick Gold is installing water treatment facilities, as well as schools and healthcare services, in the areas that it operates in.

The opening of medical services in Chagai was made possible by a partnership with the Indus Hospital and Health Network (IHHN). Community health centers have been established in the areas of Humaai and Nokundi, in addition to a mobile health unit that is designed to serve villages that are smaller.

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Maintaining Fertiliser Price Stability: The Need for a Continuous Gas Supply to the Fertiliser Sector

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To guarantee fertiliser price stability, a cabinet committee meeting was presided over by Senator Muhammad Ishaq Dar, the deputy prime minister.

Senior government officials, including Industries Minister Rana Tanveer Hussain, attended the meeting.

The attendees received an update on the government’s, gas suppliers’, and fertiliser industry’s conversations. Additionally, the gas supply for the fertiliser sector was evaluated and determined to be adequate.

Throughout the Rabi cropping season, the Deputy Prime Minister ordered the fertiliser industry to maintain a continuous gas supply in order to guarantee steady production and stock levels.

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Fifth Straight Cut: PM Applauds SBP’s Policy Rate Reduction

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Prime Minister Muhammad Shehbaz Sharif has praised the State Bank of Pakistan’s decision to lower its policy rate by an additional 2 percent, stating that the bank’s current 13 percent rate is encouraging for the nation’s economy.

He expressed optimism in a statement that the policy rate cut would encourage investment and further boost investor confidence in the country’s economy.

The prime minister said that decreasing the inflation rate also lowered the policy rate and that future inflation rate reductions will be even more pronounced.

Additionally, he expressed gratitude to the Federal Finance Minister and other officials for their work in this area.

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GHQ Attack Case: Prosecution Seeks Bail Cancellation of CM KP & Other Accused, Indicts 9 More

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25 defendants, including PTI officials, have non-bailable arrest warrants issued by the Anti Terrorism Court of Rawalpindi for their failure to show up for court proceedings related to the GHQ attack case.

Judge Amjad Ali Shah added nine more suspects to the GHQ attack indictment list during today’s ATC Court sessions, bringing the total to 98.

Among the 61 defendants who appeared in court were Shah Mehmud Qureshi and the founder of the PTI.

Among those charged are Khadim Hussain Khokhar, Mehr Mohammad Javed, Chaudhary Asif, Zakir Ullah, Azeem Ullah, Shireen Mazatri, Major Retired Tahir Sadiq, and former MPA Rashid Hafeez.

A plea to cancel the bail of 23 suspects, including Chief Minister Khyber Pakhtunkhwa, has also been filed by the prosecution side.

In the GHQ attack, there were 119 accused in total.

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