Reko Diq approaches PIBTL for initial phase cargo concentrate

MG News | November 08, 2024 at 10:59 AM GMT+05:00

0:00

November 08, 2024 (MLN): Pakistan International Bulk Terminal (PSX: PIBTL) announced today that it has been approached by Reko Diq Mining Company (Private) Limited to utilize PIBT's terminal and infrastructure for handling cargo concentrate during the initial phase of the Reko Diq project.

This arrangement is subject to the execution of definitive agreements and requires regulatory and other necessary approvals from relevant authorities, including the Port Qasim Authority.

The company announced this development in its latest filing on the PSX today.

Considering the economic significance of the Reko Diq project for Pakistan, PIBTL is making substantial contributions to support it.

This news led to the company’s stock price reaching the upper cap of Rs1 (15.97%) during early trading hours today.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	185,098.83 381.92M	2.01% 3642.50
ALLSHR	111,509.35 956.25M	2.13% 2327.02
KSE30	56,737.75 167.91M	2.00% 1112.07
KMI30	260,872.72 165.83M	2.57% 6529.72
KMIALLSHR	71,488.31 461.39M	2.50% 1744.73
BKTi	53,691.60 50.03M	1.27% 672.83
OGTi	38,672.45 45.54M	4.90% 1805.03

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	95,660.00	96,060.00 94,395.00	305.00 0.32%
BRENT CRUDE	64.20	64.77 63.44	0.44 0.69%
RICHARDS BAY COAL MONTHLY	86.75	0.00 0.00	-1.95 -2.20%
ROTTERDAM COAL MONTHLY	97.90	98.10 97.70	0.55 0.57%
USD RBD PALM OLEIN	1,027.50	1,027.50 1,027.50	0.00 0.00%
CRUDE OIL - WTI	59.22	60.05 58.81	0.14 0.24%
SUGAR #11 WORLD	14.99	15.00 14.60	0.42 2.88%