Reko Diq Case: An expected out of court settlement between Pakistan and TTC

[PakSword]

are they going with old same agreement or they have signed a new one?any one can confirm this?

Reports are that they are ready to sign a new contract on revised terms. But its not confirmed yet. Of course there's no reason to go back on the old terms as they were highly tilted in favor of TTC.. that's why we are calling it a win for Pakistan..

Yes, I watched the Vlog earlier.

PakistanZindabad

Also, if we add Karke fine as well it amounts to almost $8Bln... more than our Forex!

We need to create a HoldingCompany and a few OpCo to form partnerships in NaturalReserves and IndustrialSector.

The Key is refining within Pakistan.. multilayered benefits.. from job creation to strengthening PKR to selling gold to Paks to building NationalCapabilities....

GoP needs to publish comprehensive whitepaper on CPEC Phase2 and medium/longterm IndustrialTransformationPlan.. a kind of four 5YearPlan to align the PakStatePolicies.

Reforms in Fin/Banking sectors is a must. We can utilise FATF for so much good... like documentation of PakEconomy to tax revenue generation that can be spent on Health and Education.

But first we need to KILL 18thAmendment!

P.S. Assad Umar did form that holding company to bring all SOEs under one banner. Don't know what happened to it. I totally disapprove off this current FinMin who is an economichitman.

Sir, you have rightly pointed out.. the key is refining in Pakistan. In shaa Allah, this project will prove to be a great learning platform for Pakistani companies.. we have many more resources we can extract ourselves in future in shaa Allah.

18th amendment is a problem.. Can't be solved without 2/3rd majority.

 

[war&peace]

I personally don't trust Iran specially after 26th February.. How they tried to backstab us is beyond me. They also kept their eyes closed on RAW network operating from their land against Pakistan..

We must stick to the business terms only. You are right that we shouldn't bring religious or political angle when it comes to business, but we should only play like cold businessmen with them..

Dear, Everyone backstabs here... Should I go into the details of the so called brothers? .... Modi award and investments in IoJ&K etc
But as I said we should keep Pakistan's interest in mind and shouldn't let our sectarian and other biases get on our nerves and make us blind. If we can sign deals with USA that has backstabbed us time and again.. I think there's no harm in getting gas from Iran if it is cheaper.. deal it like a pure business deal. The condition is that it is the cheapest and secure.

Reports are coming that PMIK has asked a committee to ascertain the responsible parties in this whole fiasco.. in shaa Allah, their faces will come in front of the whole nation very soon.. I am very hopeful about it..

I will inshaAllah personally distribute sweets the day it happens because this is very crucial for our survival...so far we have been letting the snakes go unpunished and if this trend continues... I'm afraid our future is bleak...so now we should start telling the nation truth, unveil the faces of these traitors and punish them.

 

[ziaulislam]

https://twitter.com/x/status/1184520261535780864

Tethyan Copper Company (TCC) was approached by a financial team empowered by Prime Minister Imran Khan to negotiate an out of court settlement on the $ 6 billion penalty imposed by The International Center of Settlement of Investment Disputes (ICSID). Reportedly, the company has agreed to waive off the penalty if it is given a chance to invest in Reko Dik extraction project again (even on the new terms of the contract).

In Shaa Allah, good news is around the corner.

Pakistan Zindabad

I hope we dont give up too much
Remember negotiation settlement is interest in both countries
For pakistan to show its a friendly abd reliable country
For company to hope to get anything back
The 6$ as whole is just a bargaining chip

 

[war&peace]

Bad news. The company was involved in corruption worth billions of dollars. Unless proper check and balance is kept on them, it should not be allowed to work again in Pakistan irrespective of the cost. They looted billions of dollars from this nation with the help of the corrupts.

So will you pay $6 billion from your daddy's bank account?

 

[PakSword]

Bad news. The company was involved in corruption worth billions of dollars. Unless proper check and balance is kept on them, it should not be allowed to work again in Pakistan irrespective of the cost. They looted billions of dollars from this nation with the help of the corrupts.

Corruption was more on our side.. No one should do business with Pakistan if your logic is applied..

I hope we dont give up too much
Remember negotiation settlement is interest in both countries
For pakistan to show its a friendly abd reliable country
For company to hope to get anything back
The 6$ as whole is just a bargaining chip

For the company, even 50-50 profit sharing is too much.

We gave away 75% of the profit in our earlier contract.. I see a revised one at 50-50 max.. however, if PMIK himself monitors the negotiations closely, we could get 60-65% out of it as well, which will be huge.. for the company, 6 billion is peanuts in comparison to what they may earn in future.

 

[war&peace]

Corruption was more on our side.. No one should do business with Pakistan if your logic is applied..

He is basically a patwari and getting pain in his rear because of this good news and someone should ask these cretins that who signed those deals? and they start beating around the bush... these are shameless goons and they are a lot more harmful than the Gangadeshis or any external enemy.

 

[ziaulislam]

Corruption was more on our side.. No one should do business with Pakistan if your logic is applied..


For the company, even 50-50 profit sharing is too much.

We gave away 75% of the profit in our earlier contract.. I see a revised one at 50-50 max.. however, if PMIK himself monitors the negotiations closely, we could get 60-65% out of it as well, which will be huge.. for the company, 6 billion is peanuts in comparison to what they may earn in future.

That is relative term
50-50 vs 75-25 vs zero
I dont know people have to choose

 

[Shane]

@Mangus Ortus Novem @Shane @Dubious

This is "BlastFehmi" propaganda...Tagging @Retired Troll IK should be sacked at all costs...IK is Modi supporter and Israeli Agent planted to destroy Pakistan.

Still not convinced? @Retired Troll you take over from here.

 

[AZ1]

Why other news channel not reporting this?

 

[war&peace]

Why other news channel not reporting this?

It does not suit their agendas... simple

 

[AZ1]

It does not suit their agendas... simple

I hope news will be true but still we have to wait for more confirmation.

 

[PakSword]

Why other news channel not reporting this?

Baber Awan is a better source I think. And it's still not official.

 

[Qutb-ud-din Aybak]

Corruption was more on our side.. No one should do business with Pakistan if your logic is applied..


For the company, even 50-50 profit sharing is too much.

We gave away 75% of the profit in our earlier contract.. I see a revised one at 50-50 max.. however, if PMIK himself monitors the negotiations closely, we could get 60-65% out of it as well, which will be huge.. for the company, 6 billion is peanuts in comparison to what they may earn in future.

Its not only about profit.
Its about how that company never allowed Pakistanis there and smuggled gold out of the area without even telling Pakistanis about total output.

 

[Dil Pakistan]

I personally don't trust Iran specially after 26th February.. How they tried to backstab us is beyond me. They also kept their eyes closed on RAW network operating from their land against Pakistan..

We must stick to the business terms only. You are right that we shouldn't bring religious or political angle when it comes to business, but we should only play like cold businessmen with them..

Boss! ... leave "that Iran" for the history books.

Iran not the same, we are not the same.
Look how openly they came out on Kashmir.

IK has taken them on board.

 

[litman]

good news . good job IK. now hang those were responsible for this blunder.