Plan to establish mineral exploration company approved

Published June 18, 2020
Balochistan to 90 per cent shares in the company and remaining 10pc would go to  federal govt.  — APP/File
Balochistan to 90 per cent shares in the company and remaining 10pc would go to federal govt. — APP/File

QUETTA: Balochistan Chief Minister Jam Kamal Khan Alyani chaired a high-level meeting on Tuesday to review the proposed plan for establishing the Balochistan Mineral Exploration Company (BMEC).

The meeting decided to appoint the secretary for Minerals and Min­­eral Development as its int­e­rim chief executive officer and app­­ro­ved a seven-member board of directors for the proposed company.

It was agreed at the meeting that Balochistan would have 90 per cent shares in the company and the remaining 10pc would go to the federal government. The head office of the company would be established in Quetta while a branch office would be set up in Islamabad.

The meeting agreed to include experts from the minerals sector in the board of directors.

It was also decided that a Chagai Foundation would be set up with the aim to develop the economic and social sectors in the Chagai district.

Provincial Finance Minister Mir Zahoor Ahmed Buledi, Chief Secretary Fazeel Asghar, Finance Secretary Noorul Haq Baloch and other federal and provincial officials concerned attended the meeting.

Chief Minister Jam Kamal told the meeting that with the establishment of the BMEC, there would be improvement in the mining sector and mineral resources of the province would be developed which would not just boost investors’ confidence but also enhance investment in the sector.

“The Balochistan government will initially allocate funds for the BMEC and also provide a platform to private companies in the province,” he said.

He said that the company would also take steps to provide training in the field of mineral resources to the youth of Balochistan.

Published in Dawn, June 18th, 2020

Opinion

Editorial

Kurram atrocity
Updated 22 Nov, 2024

Kurram atrocity

It would be a monumental mistake for the state to continue ignoring the violence in Kurram.
Persistent grip
22 Nov, 2024

Persistent grip

PAKISTAN has now registered 50 polio cases this year. We all saw it coming and yet there was nothing we could do to...
Green transport
22 Nov, 2024

Green transport

THE government has taken a commendable step by announcing a New Energy Vehicle policy aiming to ensure that by 2030,...
Military option
Updated 21 Nov, 2024

Military option

While restoring peace is essential, addressing Balochistan’s socioeconomic deprivation is equally important.
HIV/AIDS disaster
21 Nov, 2024

HIV/AIDS disaster

A TORTUROUS sense of déjà vu is attached to the latest health fiasco at Multan’s Nishtar Hospital. The largest...
Dubious pardon
21 Nov, 2024

Dubious pardon

IT is disturbing how a crime as grave as custodial death has culminated in an out-of-court ‘settlement’. The...