Rekodic agreement, $10 billion fine is against the country, not a provincial body, Supreme Court

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Rekodic agreement,  billion fine is against the country, not a provincial body, Supreme Court



Chief Justice Umar Atta Bandial has said in the hearing of Rekodic presidential reference in the Supreme Court that the federal government is investing one billion in the Rekodic project, yet the federal government has entrusted the powers to the Balochistan government. It is not against the provincial institutions but against the country.

Justice Muneeb Akhtar said that the penalty imposed on Pakistan by the International Court of Justice is a nuclear bomb that can have an impact.

In the Supreme Court hearing on the recoded presidential reference, Additional Attorney General Aamir Rehman said that the court would not have declared the relaxation of rules if it had been in the previous agreement.

Justice Muneeb Akhtar said that Recodec and other rules of mining are the authority of the provincial government, is the federal government authorized to amend the provincial laws?

The Chief Justice of Pakistan said that the Balochistan government had relaxed the mining rules for international investors.

The Additional Attorney General said that the Balochistan government relaxed the rules for the previous agreement, every matter related to the Rekodic project will be dealt with diligently and transparently.

The Chief Justice said that the state of transparency is that some files in the cabinet are approved without opening them.

Justice Yahya Afridi said that international agreements are the authority of the federation, can the provincial government interfere in them?

The Chief Justice said that in our 2013 judgment, there is no mention of the corruption of the international company, the Balochistan government did not have the capacity to refine gold, that is why the international company benefited, Afghanistan in the days of insecurity. Also made international agreements on better terms than Pakistan.

Further hearing of the case was adjourned till November 7.



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