The Federal Cabinet on Tuesday gave formal approval to sign the final deal for the Reko Diq project on December 15, 2022. The federal cabinet meeting chaired by Prime Minister Shehbaz Sharif was held at the PM House.
Sources said that cabinet members belonging to BNP (Mengal) and JUI (F) did not attend the meeting in protest.
In the meeting, a detailed discussion was held on the restructuring of the Reko Diq project, said a statement of the PM House.
It stated that the prime minister said in his opening remarks that the government of Pakistan would protect the rights of investors in all investment projects, including the Reko Diq project. All the promises made to them will be fulfilled, it added.
The Federal Cabinet approved the Reko Diq Project Funding Plan in the Economic Coordination Committee meeting on 11-12-2022.
“The Federal Cabinet gave formal approval to sign the final deal for the Reko Diq project,” it stated.