ISLAMABAD (Dunya News) - The Economic Coordination Committee (ECC) has given the green light to the conditions required for signing an agreement with the Pakistan International Bulk Terminal (PIBT), officials said on Tuesday.
According to sources, the approval will allow Port Qasim to handle and export gold, copper, minerals and various metals through the bulk terminal. The move is expected to speed up Pakistan’s mineral export operations, especially as Reko Diq’s output begins to pick up pace.
Sources said the ECC reviewed all legal aspects before signing off on the terms of the agreement. A summary seeking permission for this arrangement had been deferred in the previous ECC meeting, but has now been finalised after detailed consultations.
With the new approval, minerals and metals extracted from Reko Diq will be exported directly through the Pakistan International Bulk Terminal at Port Qasim, a step industry insiders believe will help Pakistan stay on track with its long-term mineral export plans.
Officials say the decision will not only streamline export procedures but also open the door for increased economic activity in the mining and shipping sectors.