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Exploring ties: UAE interested in Reko Diq project

Edevelop

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ISLAMABAD: UAE has shown interest in investing in the Balochistan’s Reko Diq exploration project, one of the world’s largest gold and copper reserves, estimated at $260 billion.

Talking to Khaleej Times, Pakistan’s Ambassador to UAE Asif Durrani said that work on the project would start soon.

Referring to UAE-Pakistan economic relations, the ambassador said the host country was the largest trading partner in the Gulf and Mena regions. “Out of $19 billion trade in the Gulf region, our trade with the UAE is worth $9 billion, so the balance of trade is in UAE’s favour.

Talking about exports, he informed that Pakistan’s exports to UAE mostly constitute edible items, which amount to $2.3 billion.

“We see the UAE as the economic hub of the entire Mena region and now an emerging trade centre and we want to benefit from UAE’s strategic location for our exports to the region,” added Durrani.

He added that remittances were another major contributor from the UAE, amounting to $3 billion annually.

Exploring ties: UAE interested in Reko Diq project – The Express Tribune
 
Why can't we do it ourself .. Why no invest in minning/extraction tech .. Instead of throwing contracts to foriegn companies (along with kickbacks and corruption)??
 
Why can't we do it ourself .. Why no invest in minning/extraction tech .. Instead of throwing contracts to foriegn companies (along with kickbacks and corruption)??

Because u just don't have the above quoted shit to do it............to be fair neither does india relative to the major players:angry:
 
In another news

Dr Malik threatens to halt exploration

QUETTA: Balochistan Chief Minister Dr Abdul Malik Baloch on Friday threatened to pull the plug on oil exploration work if his province is not handed its due shares, as guaranteed by the 18th amendment of the Constitution.

“Under the 18th Amendment [of constitution], 50 per cent share should be given to Balochistan from OGDCL, PPL and all other companies,” the chief minister said on the floor of the Balochistan Assembly.

Dr Abdul Malik’s warning came during a debate on a resolution advanced by Pakistan Muslim League-Nawaz (PML-N) MPA Samina Khan to shift the head office of Sui Southern Gas from Karachi to Quetta.

Dr Baloch said the failure to follow the 18th Amendment is tantamount to rejection of the Constitution.

While presenting the resolution, Samina Khan said large reservoirs of gas have been discovered in Balochistan and this gas was being delivered to every corner of the country from the western province, yet the administrative set-up of the company, including its head office, is in Karachi.

According to her, the location of the gas company’s head office is creating problems for the people of Balochistan as they have to travel to Karachi to redress several complaints, draining them economically and wasting their precious time.

She recommended that the provincial authorities formally request the federal government to shift the head office of the Sui Sothern Gas to Quetta. Her resolution was unanimously adopted by the house.

Speaking on the resolution, Dr Baloch lamented that the conduct of gas companies, including OGDCL and PPL, does not even match the behaviour adopted by Britain’s East India Company towards the Asian subcontinent.

“I have explicitly told the gas companies that they are [mainly] responsible for the political fire that flares up in Balochistan,” he said, adding that the same companies involved Nawab Akbar Bugti in unnecessary disputes.

“I have asked the companies to give Balochistan its due share as per the Constitution or else they won’t be allowed any further exploration,” the chief minister warned.

Dr Baloch also congratulated all the newly elected senators of Balochistan after they were elected peacefully.

Mama Qadir and Farzana Majeed issue

The chief minister said he would take up the issue of not allowing Baloch activists Mama Qadir and Farzana Majeed to board a New York bound flight from Jinnah International Airport.

The issue was raised by Balochistan National Party chief Sardar Mengal on a point of order during Friday’s session. Mengal said it is beyond comprehension how the names of the chairman and vice chairman of Baloch Missing Persons Mama Qadir and Farzana Majeed were put on the Exit Control List.
 
Because u just don't have the above quoted shit to do it............to be fair neither does india relative to the major players:angry:
Why not invest in the R&D than .. We can make mothafukin nukes yet not this shit... Wtf.. With all the mineral wealth under our feet n our shores we are still importing these cocksuckin foriegn companies who are greedy to the bone .. The Canadian company responsible for Riko Diq is a prime example ...

I have visited the area .. You can clearly see the gold particles visible on the stones .. Yet this!!
 
Why not invest in the R&D than .. We can make mothafukin nukes yet not this shit... Wtf.. With all the mineral wealth under our feet n our shores we are still importing these cocksuckin foriegn companies who are greedy to the bone .. The Canadian company responsible for Riko Diq is a prime example ...

I have visited the area .. You can clearly see the gold particles visible on the stones .. Yet this!!

U cannot expect a return soon if u start investing today,both things need to start concurrently.Focus on the present and invest in the future.........not one way or the other:coffee:
 
I personally don't see this project going anywhere even if its through fair and bidding means. There is a lot of opposition particularly in Balochistan
 
Above all will power. We are lazy enough to have other people do our work. I am not willing to believe that Pakistan can't mine Diko Diq if it really wanted to.
A more practical argument could be offered rather than this....
 
849095-rekodiq-1425677704-820-640x480.jpg


ISLAMABAD: UAE has shown interest in investing in the Balochistan’s Reko Diq exploration project, one of the world’s largest gold and copper reserves, estimated at $260 billion.

Talking to Khaleej Times, Pakistan’s Ambassador to UAE Asif Durrani said that work on the project would start soon.

Referring to UAE-Pakistan economic relations, the ambassador said the host country was the largest trading partner in the Gulf and Mena regions. “Out of $19 billion trade in the Gulf region, our trade with the UAE is worth $9 billion, so the balance of trade is in UAE’s favour.

Talking about exports, he informed that Pakistan’s exports to UAE mostly constitute edible items, which amount to $2.3 billion.

“We see the UAE as the economic hub of the entire Mena region and now an emerging trade centre and we want to benefit from UAE’s strategic location for our exports to the region,” added Durrani.

He added that remittances were another major contributor from the UAE, amounting to $3 billion annually.

Exploring ties: UAE interested in Reko Diq project – The Express Tribune
Well if we are getting huge money in return lets do it.
 
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