Reko Diq verdict to boost economy, says Farogh Naseem

By: News Desk      Published: 02:32 PM, 26 May, 2021
Reko Diq verdict
File photo.

Federal Minister for Law Barrister Farogh Naseem said on Wednesday that the verdict given by the British Virgin Island (BVI) high court in Pakistan’s favour on Tuesday was crucial in the sense because it would boost the country’s economy, reported 24NewsHD TV channel.

Addressing a press conference in Islamabad, Barrister Naseem said, “The reforms and amendments introduced by the law ministry have started producing results. Rest assured. We will continue to defend Pakistan on all legal forums as long as Pakistan Tehreek-i-Insaf (PTI) government is at Centre and as long as I am the minister.”

He further said the high court of British Virgin Island (BVI) had acknowledged the principle of sovereign immunity in the verdict it gave in Pakistan’s favour on Tuesday night. “Tethyan Copper Company (TCC) can now appeal the decision in the BVI court till June 4,” the minister added.

See Also: BVI court unfreezes PIA hotels, assets in Reko Diq case

Barrister Naseem said acceptance of Pakistan’s viewpoint by the court was extremely crucial in the sense because this would support the country’s economy.

The law minister made it clear that his ministry was already seized with many tasks. "The nation should now realise that Rome was not built in a day; everything could not be streamlined overnight,” he commented.

He informed that the government of Balochistan was fully supporting the federal government in the Reko Diq case. “We and every party in Balochistan are on the same page when it comes to this case,” Barrister Naseem said, and added, “Reko Diq is the world’s most important mine which will benefit people of the province.”

He dispelled the impression that the option of an out-of-court settlement with Tethyan Copper Company had ceased to exist. “We have assured the company that there will be no corruption in the Reko Diq project in future,” he told the media.