General

Federal govt pays profit share of Rs305m of Saindak Copper-Gold Project to Balochistan

Federal government has paid 305 million rupees to Balochistan on account of profit share of Saindak Copper-Gold Project.

To this effect, a cheque of this amount was handed over by Federal Secretary of Petroleum Division Mian Asad Hayaud Din during his visit to Quetta on Friday.

Saindak Copper-Gold Project, Chagai District - Balochistan is a pioneer venture in the metallic minerals sector developed by the Federal government to produce blister copper along with associated gold and silver metals from indigenous ore of Saindak area.

A public limited company Saindak Metals Limited is engaged at managing the Project affairs under administrative control of the Ministry of Energy.

Source: Radio Pakistan