ISLAMABAD: President Dr Arif Alvi, on the advice of Prime Minister Shehbaz Sharif, has accorded approval to the summary for filing reference to the Supreme Court of Pakistan to get validation of the new Reko Diq project deal under Article 186 of the Constitution.

Earlier, the apex committee, headed by Minister for Finance and comprising Tethyan Copper Company Pakistan (Private) Limited shareholders among others, had agreed to a framework for settlement and revival of the Reko Diq project in March 2022. The federal cabinet during a meeting on September 30 had approved filing the presidential reference with respect to the following questions of law of public importance: Is the deal with the complainant company, TCC, compliant with the apex court’s earlier judgement in the Maulvi Abdul Haq case; second, is the proposed Investment Protection Act compliant with the Constitution?

It is believed the chief justice of Pakistan will form a five-judge larger bench to hear the presidential reference.

Published in The Daily National Courier, October, 06 2022

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