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Reko Diq project

Reko Diq project financial close likely by June 2025: ADB weighs third-party guarantee option

ISLAMABAD: The financial close of the Reko Diq Mining Project is expected by June 2025, as the Asian Development...

Updated 10 Dec, 2024 02:46pm

BR Research

Oil and Gas Development Company Limited

Oil and Gas Development Comp-any Limited (PSX: OGDC) is the largest E&P company in the country with operations...

Published 14 Nov, 2024 06:32am

Business & Finance

Reko Diq Mining Co to utilise PIBT’s terminal

KARACHI: The Reko Diq Mining Company (Private) Limited has identified and approached Pakistan International Bulk...

Published 09 Nov, 2024 06:36am

Reko Diq mines: Manara Minerals set to buy a stake: Al-Falih

ISLAMABAD: Minister for Investment of Kingdom of Saudi Arabia, Sheikh Khalid Bin Abdul Aziz Al-Falih, Thursday,...

Updated 11 Oct, 2024 09:13am

Pakistan

Reko Diq project: Talks with Saudi govt enter final stage: minister

ISLAMABAD: Petroleum Minister Musadik Malik has claimed on Wednesday that Pakistan’s negotiations with investors...

Published 05 Sep, 2024 06:19am

Minister says IPP deals won’t be altered unilaterally

Senate Standing Committee on Power discusses IPPs contracts

Updated 31 Aug, 2024 10:16pm

Cabinet approves Rs20 billion for Azm-e-Istehkam

ISLAMABAD: The federal cabinet to tackle the recent terrorist incidents across country has approved Rs20 billion for...

Updated 28 Aug, 2024 09:17am

PD working on Reko Diq project transaction

ISLAMABAD: Petroleum Division is reportedly in the process of initiating a summary for approval of Reko Diq Project...

Updated 26 Aug, 2024 09:24am

Markets

INIL’s associate company to invest in Reko Diq project

Chinoy Engineering & Construction (Pvt) Limited (CECL), an associated company of International Industries...

Published 19 Jul, 2024 05:07pm

BR Research

Interview with Muhammad Azfar Ahsan – Pakistan’s former Minister for Investment

‘Saudi Arabia is serious about investing in Pakistan; ad hocism is a major hurdle’ Muhammad Azfar Ahsan is a...

Published 07 May, 2024 09:26am

Reko Diq project: foolproof security ordered by PM

PM Shehbaz says consultations should be held with all stakeholders regarding the project at the official level and all the obstacles should be removed

Updated 25 Mar, 2024 09:41am

Business & Finance

Barrick Gold delegation calls on PM: ‘Reko Diq project’s feasibility to be completed this year’

ISLAMABAD: A delegation of Barrick Gold Company led by Chief Executive Officer Mark Bristow was called Prime ...

Published 23 Mar, 2024 05:41am

Pakistan

PM Shehbaz invites Barrick Gold to invest in other mineral projects in Balochistan

Prime Minister Shehbaz Sharif on Friday invited Barrick Gold – the Toronto-based mining company that is working on...

Updated 22 Mar, 2024 11:32pm

Reko Diq project: Co asked to share logistic requirements

Company unwilling to use Gwadar Port for the time being

Updated 08 Jan, 2024 01:11pm

Hiring of FAs for Reko Diq project: PMPL given relaxation of investment rules

ISLAMABAD: The federal government has extended special relaxation to Pakistan Minerals Private Limited (PMPL) of the...

Updated 19 Oct, 2023 09:08am

Opinion

The difference between economics and political economy

A few months back, Chief Justice of Pakistan Umar Umar Ata Bandial famously said that the judges are not economists;...

Published 15 Sep, 2023 06:32am

Reko Diq deal as per law: Justice Mandokhail

ISLAMABAD: Justice Jamal Mandokhail, a member of Supreme Court of Pakistan bench, which heard the presidential...

Updated 14 Sep, 2023 09:43am

Opinion

Pakistan mineral outlook

Recently, an important conference, ‘Pakistan Mineral Summit’, has been organised in Islamabad by the Petroleum...

Updated 16 Aug, 2023 06:18am

Govt of Pakistan’s equity in Reko Diq project: Barrick says ‘will not mind’ if PIF wants to buy out

Barrick will support Saudi Arabia’s wealth fund coming into the mine through Pakistan’s 25% equity stake, says CEO Mark Bristow

Updated 09 Aug, 2023 10:21am

Opinion

Future drivers of country’s growth

The incumbent government, in the very last leg of its tenure, has sowed the seeds of agriculture, mineral and mines,...

Published 05 Aug, 2023 06:00am

Business & Finance

IMF agreement: Aussie envoy hails govt’s efforts

ISLAMABAD: Australian Ambassador to Pakistan Neil Hawkins on Wednesday appreciated the government’s efforts for ...

Published 20 Jul, 2023 03:12am

Barrick Gold Project: PMO orders resolution of airstrip, other issues

ISLAMABAD: The Prime Minister’s Office (PMO) has directed concerned ministries and provincial governments to resolve...

Updated 26 May, 2023 08:46am

Editorials

ECC decisions

EDITORIAL: Economic Coordination Committee of the Cabinet (ECC), the highest economic decision-making body in the...

Published 30 Mar, 2023 06:35am

Opinion

Energy sector reforms – II: low-hanging fruit rotting

Building on previous op-eds, we are aware of Pakistan’s energy sector challenges and measures requiring execution in...

Published 25 Jan, 2023 06:25am

Reko Diq now more visible as SOEs sign deals

PPL together with OGDC and Government Holdings (Private) Limited sign deal

Updated 17 Dec, 2022 10:08am

Senate passes amended Foreign Investment Act amid uproar

ISLAMABAD: Chairman Senate Sadiq Sanjrani remained the centre of the opposition’s criticism and condemnation at the...

Updated 17 Dec, 2022 09:53am

Pakistan

OGDC, PPL & GHPL sign definitive agreements for reconstituted Reko Diq project

SOEs utilise sums deposited in an interest-bearing, offshore, escrow account

Updated 16 Dec, 2022 03:19pm

Pakistan

BAP leader expresses scepticism over Reko Diq deal

ISLAMABAD: The controversy on Reko Diq project has resurfaced with the government’s key ally – Balochistan Awami...

Published 15 Dec, 2022 07:50am

Pakistan

Fazl, Mengal not happy with ‘Reko Diq legislation’

ISLAMABAD: Following expressing serious reservations in the National Assembly (NA) the other day over the passage of...

Published 14 Dec, 2022 05:57am

Cabinet meeting: Reko Diq: JUI(F)-BNP(M) boycott confirms fissure

Cabinet gives formal approval to sign final deal for the Reko Diq project on December 15

Updated 14 Dec, 2022 10:00am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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Reko Diq project

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