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REKO DIQ

Reko Diq project: Supernet to deliver internet, communication infrastructure

Supernet Limited will provide internet and communication infrastructure at the Reko Diq Copper and Gold Mine in...

Published 28 Apr, 2025 12:08pm

Editorials

Coming to grips with increased US tariffs

EDITORIAL: It appears that the authorities in Pakistan are taking the threat of US tariffs on our trade rather...

Updated 28 Apr, 2025 07:49am

PPRA proposes PIBT for Reko Diq cargoes without bidding

Decision follows detailed deliberations during two PPRA Board meetings held just a day apart, attended by the Board members and special invitees

Updated 21 Apr, 2025 09:23am

Business & Finance

First-phase of development funding approved for Reko Diq, $74 billion economic boost expected

The Reko Diq project has advanced to a crucial development stage following the approval of first-phase funding based...

Updated 13 Apr, 2025 10:07pm

Pakistan

Pakistan eyes to replicate Indonesia’s nickel success with copper, says Aurangzeb

Finance Minister Muhammad Aurangzeb has highlighted the pivotal role of the Reko Diq copper and gold project, saying...

Updated 12 Apr, 2025 07:24pm

Pakistan

World Bank investment arm commits $300mn loan to Pakistan’s Reko Diq mining project

The World Bank’s private investment arm, International Finance Corporation (IFC), will provide $300 million in debt...

Published 10 Apr, 2025 10:38am

Editorials

Pakistan Minerals Investment Forum

EDITORIAL: The two-day Pakistan Minerals Investment Forum attracted foreign as well as local investors with Prime...

Published 10 Apr, 2025 03:14am

Pakistan

Mining giant Barrick Gold approves plan for copper-gold project in Pakistan: Bloomberg

Canadian mining giant Barrick Gold Corporation has provisionally approved plans to develop a vast copper-and-gold...

Updated 09 Apr, 2025 06:51pm

Reko Diq: CEO declares project as ‘beacon’ for nation

ISLAMABAD: Barrick Gold’s CEO, Mark Bristow, declared on Tuesday that the Reko Diq copper and gold project has the...

Updated 09 Apr, 2025 10:15am

PM asks investors to cash in on emerging opportunities

Stresses the need for adding value to the country’s mineral output

Updated 09 Apr, 2025 03:36pm

Pakistan

Barrick’s Reko Diq project in Pakistan aims new financing

KARACHI: Barrick Gold’s Reko Diq copper and gold project in Pakistan intends to lock in upwards of $2 billion in...

Published 08 Apr, 2025 03:54pm

Markets

Reko Diq to transform Pakistan into ‘top global mining jurisdictions’, says Barrick CEO

Bristow says Reko Diq to become major contributor to Pakistan’s economy

Updated 08 Apr, 2025 08:24pm

Pakistan Minerals Investment Forum begins today

ISLAMABAD: The two-day Pakistan Minerals Investment Forum (PMIF-25) is set to begin here today (Tuesday) with...

Updated 08 Apr, 2025 08:54am

Phase-II of Reko Diq: Centre vows full financial support

ISLAMABAD: The federal government has assured full financial support to finance phase-II of Reko Diq project as per...

Updated 07 Apr, 2025 02:49pm

Funding BMRL share in Reko Diq: ECC asks PD to examine Centre’s commitment

Directs review of federal funding for Balochistan's stake citing project revenue, NFC share

Updated 30 Mar, 2025 04:37pm

Business & Finance

Reko Diq comes under renewed ECC focus

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet met on Tuesday with Federal Minister for Finance...

Published 26 Mar, 2025 05:25am

Business & Finance

Reko Diq Project: OGDCL completes updated feasibility study

ISLAMABAD: The Oil and Gas Development Company Limited (OGDCL) has announced the completion of the updated...

Published 26 Mar, 2025 05:25am

Business & Finance

Biafo Industries partners with Reko Diq Mining Company

Biafo Industries Limited (BIFO), a Pakistani explosives manufacturer, has inked a contract with the Reko Diq Mining...

Updated 10 Feb, 2025 10:56pm

Business & Finance

Reko Diq project: Barrick Gold sees higher gold reserves

TORONTO: Canadian miner Barrick Gold’s overall proven and probable gold reserves jumped 23% to 17.4 million ounces...

Published 07 Feb, 2025 06:32am

Stake in Reko Diq project: KSA, Pakistan still ironing out key deal details

Federal Minister for Petroleum Dr Musadik Malik says matters with Saudi Arabia are moving forward positively and will be finalized soon

Updated 31 Jan, 2025 02:28pm

Business & Finance

Barrick CEO speaks about Reko Diq mine: $74bn in free cash flow likely over 37 years

KARACHI: The Reko Diq copper and gold project in Pakistan is expected to generate approximately $74 billion in free...

Published 21 Jan, 2025 06:12am

Opinion

Untapped minerals economy

Mining the earth for natural resources is a profitable business strategy employed by many nations, including China,...

Published 18 Dec, 2024 07:40am

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

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

Markets

Saudi Arabia, Pakistan to sign Barrick deal in few weeks, says Al Faleh

Eager to start number of mining initiatives but hope to close Reko Diq project with Pakistan's SOEs and Barrick Gold in the coming weeks, says Saudi Arabia Minister for Investment

Updated 10 Oct, 2024 11:59pm

32 top Saudi cos’ team due today

Pakistan estimates investment of up to $15-20 billion from Saudi Arabia in different sectors/fields including purchase of public sector entities or share purchase

Updated 09 Oct, 2024 10:26am

Reko Diq: ADB may approve 3rd-party guarantee by Feb

ISLAMABAD: The Ministry of Finance (MoF) has said that a third-party guarantee arrangement on Reko Diq is likely to...

Updated 24 Sep, 2024 09:20am

Opinion

The IPP negotiation dilemma: govt required to step back?

Negotiations with Independent Power Producers (IPPs), particularly those involving local owners under the 1994 and...

Updated 02 Sep, 2024 07:22am

Minister says IPP deals won’t be altered unilaterally

Senate Standing Committee on Power discusses IPPs contracts

Updated 31 Aug, 2024 10:16pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 16	281.70
USD PKR Interbank Buying / May 16	281.50
USD to Japanese Yen / May 16	145.21
USD to Swiss Franc / May 16	0.83
Pound Sterling to USD / May 16	1.33
Euro to USD / May 16	1.12
UK LIBOR % / May 14	4.96

Stock	Volume
S&P 500 / May 15	5,916.93
Nasdaq / May 15	19,112.32
Dow Jones / May 15	42,322.75
India Sensex / May 16	82,241.91
Tokyo Nikkei / May 16	37,762.61
Hang Seng / May 16	23,345.94
FTSE 100 / May 16	8,686.51
Germany DAX 30 / May 16	23,854.97
France CAC40 / May 16	7,901.67

Item	Value
Karachi Cotton PKR/37.32 KG / May 15	16,985
Gold 10 Grams PKR / May 15	287,379
Crude Oil USD/Barrel / May 16	61.55
Gold Spot USD/Ounce / May 16	3,224.61
Cotton US¢/pound / May 16	65.53
Petrol/Litre / May 17	252.63
Diesel/Litre / May 17	254.64

Gainers
Losers
Leaders

Stock	Price
Equity Modaraba / May 16 First Equity Modaraba(FEM)	3.45 ▲ 0.6 (21.05%)
Pak. P.V.C. / May 16 Pakistan PVC Limited(PPVC)	8.40 ▲ 1 (13.51%)
First Capital Equities / May 16 First Capital Equities Limited(FCEL)	4.50 ▲ 0.52 (13.07%)
Dewan Mushtaq / May 16 Dewan Mushtaq Textile Mills Limited(DMTM)	10.83 ▲ 1 (10.17%)
AN Textile Mills / May 16 AN Textile Mills Limited(ANTM)	13.06 ▲ 1.19 (10.03%)
Sitara Peroxide / May 16 Sitara Peroxide Limited(SPL)	13.73 ▲ 1.25 (10.02%)
Fast Cables / May 16 Fast Cables Limited(FCL)	24.16 ▲ 2.2 (10.02%)
Pak Synthetics / May 16 Pakistan Synthetics Limited(PSYL)	62.34 ▲ 5.67 (10.01%)
Bawany Air Products / May 16 Bawany Air Products Limited(BAPL)	44.17 ▲ 4.02 (10.01%)
Kohinoor Mills / May 16 Kohinoor Mills Limited(KML)	32.09 ▲ 2.92 (10.01%)

Stock	Price
Parmount Sp. / May 16 Paramount Spinning Mills Limited(PASM)	3.16 ▼ -0.54 (-14.59%)
Tariq Corp.Pref. / May 16 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7.14 ▼ -0.97 (-11.96%)
TPL Life Insur. / May 16 TPL Life Insurance Limited(TPLL)	47.57 ▼ -5.27 (-9.97%)
Apna Microfin. / May 16 Apna Microfinance Bank Limited(AMBL)	9.05 ▼ -0.99 (-9.86%)
Crescent Cotton / May 16 Crescent Cotton Mills Limited(CCM)	48.20 ▼ -5.26 (-9.84%)
Ellcot Spinning / May 16 Ellcot Spinning Mills Limited(ELSM)	101.65 ▼ -10.54 (-9.39%)
East West Ins. / May 16 East West Insurance Company Limited(EWIC)	52 ▼ -5.29 (-9.23%)
Shams Textile / May 16 Shams Textile Mills Limited(STML)	24.30 ▼ -2.43 (-9.09%)
B. F. Mod. / May 16 B.F. Modaraba(BFMOD)	7.95 ▼ -0.78 (-8.93%)
Olympia Mills / May 16 Olympia Mills Limited(OML)	46.20 ▼ -4.27 (-8.46%)

Stock	Volume
At-Tahur Ltd. / May 16 At-Tahur Limited(PREMA)	44,317,984 ▲ 0.21
Cnergyico PK / May 16 Cnergyico PK Limited(CNERGY)	32,148,988 ▼ -0.18
Lotte Chemical / May 16 Lotte Chemical Pakistan Limited(LOTCHEM)	28,049,504 ▲ 1.31
Pak Refinery / May 16 Pakistan Refinery Limited(PRL)	24,229,848 ▼ -0.52
K-Electric Ltd. / May 16 K-Electric Limited(KEL)	18,507,342 ▼ -0.04
Pak Elektron / May 16 Pak Elektron Limited(PAEL)	18,144,829 ▼ -1.47
WorldCall Telecom / May 16 Worldcall Telecom Limited(WTL)	16,543,964 ▼ -0.02
Fauji Foods Ltd / May 16 Fauji Foods Limited(FFL)	15,849,609 ▲ 0.05
P.T.C.L. / May 16 Pakistan Telecommunication Company Ltd(PTC)	15,650,899 ▲ 0.64
Sui South Gas / May 16 Sui Southern Gas Company Limited(SSGC)	14,606,631 ▼ -1.2

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