• Wednesday, July 15, 2020

PM says discovery of huge reserves of iron ore could end 'begging bowl' culture!

Discussion in 'Pakistani Siasat' started by Norwegian, Feb 11, 2015.

  1. Norwegian

    Norwegian ELITE MEMBER

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    Prime MInister Nawaz Sharif visits Chiniot. PHOTO: RADIO PAKISTAN

    CHINIOT: Major reserves of iron ore as well as copper, silver and gold were discovered in Chiniot on Wednesday, which Prime Minister Nawaz Sharif said could end the country’s “begging bowl” culture.

    The reserves were found in Chiniot city in Punjab by Chinese group the Metallurgical Corporation of China.

    A senior provincial administrative official told AFP that initial estimates indicated 500 million tonnes of iron ore — a primary ingredient in steelmaking — had been discovered.

    He said the Chinese company has expressed interest in setting up a steel mill on the site, adding that the extracted iron had been tested in Swiss and Canadian laboratories, which found 60-65 percent of it to be high grade.

    The official added that silver, copper and gold samples would also be sent for testing soon.

    Speaking at the site on Wednesday, Prime Minister Nawaz Sharif said the discovery could help Pakistan’s stuttering economy turn a corner and end its “begging bowl” culture.

    “Instead of asking for coal from abroad, we will ask for it from Thar,” the prime minister said, while speaking at a briefing regarding the discovery of precious deposits of gold, copper and iron at Rajua in Chiniot on Wednesday. He added that the natural resources of the country will be fully exploited for the prosperity and development of Pakistan.

    The prime minister said local and foreign investors will be invited to invest in projects after the completion of tests, adding that the government will fully facilitate the investors.

    “It is Allah’s blessing that under the lush green fields rich deposits of copper, iron and gold have been found, which will help the country get rid of the ‘begging bowl’ for good,” PM Nawaz said.

    The premier also mentioned Reko Diq in Balochistan being heavily rich in minerals, while adding that “Balochistan would benefit from this.”

    Nawaz said the government is facing three challenges at the moment; security, shortage of electricity and gas, and restoring peace in the country.

    Conflict, instability, corruption and a chronic energy shortage have hampered Pakistan’s economy for years.

    The IMF granted a $6.6billion loan to Pakistan in September 2013 on the condition that it carry out extensive economic reforms, particularly in the energy and taxation sectors.
    PM says discovery of huge reserves of iron ore could end ‘begging bowl’ culture – The Express Tribune

    Finally some good news for Pakistan if doesn't end like Riko Diq disaster! With this incompetent CM and PM in the driving seat, I won't be surprised if it does! :D

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  2. Dr. Strangelove

    Dr. Strangelove SENIOR MEMBER

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    discovery of reko dick could have been a game changer but our incompetent politicins destroyed it if the trend continues this wont be any better
    my advice would be
    go back and spend your time working for the nation rather than blabing empty promises
     
  3. nomi007

    nomi007 SENIOR MEMBER

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    what are terms and conditions of agreement
    and

    itafaq foundry will get more benefits than Pakistanis
     
  4. Dr. Strangelove

    Dr. Strangelove SENIOR MEMBER

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    why didnt i thought of it ?:mad:
     
  5. Norwegian

    Norwegian ELITE MEMBER

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    The very fact that PM is PERSONALLY present at the ceremony hints me that he has HUGE personal benefit from today's discovery! :D

    Low on IQ-levels? :D
     
  6. rockstar08

    rockstar08 BANNED

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    I hope this time these reserves will benefit Pakistan ... not just some Group of People
     
  7. The SC

    The SC ELITE MEMBER

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    Very good news.
     
  8. Dr. Strangelove

    Dr. Strangelove SENIOR MEMBER

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    i have a very good iq level but when it comes to ganja and his buisness empire u need an iq of 300 to remember all of his companies/mills
    a year from now we would be hearing another mega corruption scandel mark my words
     
  9. TankMan

    TankMan SENIOR MEMBER

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    Until someone takes a piece of iron from this 'huge reserve' and smacks it on Nawaz Sharif's head, no begging culture is going to end.

    In short,
    how to make pak smile.png
     
  10. Dr. Strangelove

    Dr. Strangelove SENIOR MEMBER

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    thats bound to happen
     
  11. rockstar08

    rockstar08 BANNED

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    well at least we can hope , as " Aam Admi " that's all we can do right ? :(
     
  12. Norwegian

    Norwegian ELITE MEMBER

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    Need IK to kick that Ganjay's Asss!
     
  13. Lambada

    Lambada SENIOR MEMBER

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    Iron ore wont make you rich....China will buy it at throw away prices and sale you the finished product at higher prices...unless, you have the local manufacturing industry that will consume locally sourced iron ore, finding huge reserve of minerals wont stay you away from your begging bowl!

    India too has huge Iron Ore reserves, but that didn't make us rich!
     
    Last edited: Feb 12, 2015
  14. rockstar08

    rockstar08 BANNED

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    Ganja will finish his term , IK and Qadri was sure that Establishment will topple the govt once they breach Red zone , but the Army and Establishment has shown them " Thenga " :tdown:
     
  15. Norwegian

    Norwegian ELITE MEMBER

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    Establishment needs coward "leaders" like Ganja as long as he allows foreign policy and defense policy to be set by the military :D