Riko Diq would be life-Saving for Pakistan’s economy
Riko Diq is a planned mining operation that has the capacity to save Pakistan Economy. The Balochistan province will profit economically from US$32.7 billion. This will happen over a 47-year mine's life from the Reko Diq reconstruction project. Cailleteau Pierre is a financial advisor for Lazard Freres SAS and White & Case Law firm. He recently presented his analysis to the Pakistan judges. In his presentation to a five-judge bench, he said that the province of Balochistan would benefit from direct taxes and spending, dividends, and other financial gains. The province will receive $14.1 billion in net equity flows from participation through GoB SPV. Moreover, the province will also gain an additional $7.6 billion in free carried interest. Apart from that at least $14 billion in royalt...