Pakistan seek $4 billion investment

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Pakistan seek $4 billion investment

LAHORE: The Balochistan government is trying to persuade large Pakistani investors to form a consortium to invest their money in the development of Reko Diq copper and gold mining project, reported *Dawn*.

“Our first priority is to convince Pakistani companies to invest in this project because neither the provincial nor the federal government has the finances for developing this resource that will prove a game changer for both Balochistan and the entire country,” Balochistan Chief Minister Jam Kamal Khan said during an interaction with journalists at the Punjab Governor’s House on Monday.

“The development of the project [for commercial production] requires an initial investment of $3-4 billion, which is in addition to the $6bn awarded by the International Centre for Settle­ment of Investment Disp­utes (ICSID) in July against Pakistan for terminating agreement with the Tethyan Copper Company (TCC).