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Trump card sinks stock markets...Report By Khawar Ghumman
"Loss everywhere, loss, and only loss... A catastrophic crisis has been created," CH Ghulam Hussain
Special Report on the Saindak Copper-Gold Mine Project
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ARY News is a leading Pakistani news channel that promises to bring you factual and timely international stories and stories about Pakistan, sports, entertainment, and business, amid others.
Trump card sinks stock markets...Report By Khawar Ghumman
"Loss everywhere, loss, and only loss... A catastrophic crisis has been created," CH Ghulam Hussain
Special Report on the Saindak Copper-Gold Mine Project
Follow the ARY News channel on WhatsApp: https://bit.ly/46e5HzY
Subscribe to our channel and press the bell icon for latest news updates: http://bit.ly/3e0SwKP
ARY News is a leading Pakistani news channel that promises to bring you factual and timely international stories and stories about Pakistan, sports, entertainment, and business, amid others.
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NewsTranscript
00:00Assalam-o-Alaikum, dear viewers, welcome to the program, it is 7th April, the first day
00:15of Monday.
00:16Dear viewers, in today's program, we will talk about the two-day conference in Pakistan,
00:23Pakistan Mineral Investment Forum 2025.
00:26From all over the world, experts from Europe, Asia, Saudi Arabia, and all over the world
00:33are coming to Pakistan for investment.
00:36We have prepared a special report on the Sandec project in Balochistan.
00:42We have also invited some experts in the program.
00:46In the second part, we will talk about it in detail.
00:50Along with this, the political scene in Pakistan, we see some turmoil every day.
00:57On the one hand, we see that the Pakistan Muslim League Noon and the Pakistan People's Party
01:02are clashing with each other.
01:04In Karachi, today you heard two full-blown press conferences.
01:07On one hand, the MQM is standing, on the other, the Pakistan People's Party.
01:10What are they doing?
01:11And our favorite, Pakistan Tariq-e-Insaf, their mutual fights, every day we get to see
01:18a new fight from them.
01:21And new statements are coming from there.
01:23And where is Pakistan taking this fight, the politics of Tariq-e-Insaf?
01:28But today, the program that we will start, with the permission of Hassan Ayub, he is
01:34with me in Islamabad studio, from Lahore, H.O.D. Gulamshahan, as always.
01:39And we will start the program with our favorite President of the United States, President Trump.
01:48The work that he has done, since he took over the presidency, he has made the whole world
01:55worried.
01:57You know from the name Trump Tariff, that when he put tariffs all over the world, and
02:04from then till now, there has been a lot of turmoil.
02:07When the first earthquake hit there, Pakistan was a little safe from it.
02:12Pakistan's stock market is a very interesting thing.
02:15On the first day, when the stock markets of the whole world collapsed, Pakistan's stock
02:20market was better.
02:23But today, the bloodbath, the massacre, Pakistan's stock market has also been seen.
02:29After President Trump's decision, we will talk about this in the first part of the program.
02:36First of all, let me show you and tell you, what impact has the world had after this Trump
02:43decision.
02:44You will remember, when Trump put tariffs, BBC did a story and in it, they quoted the
02:50world's experts, economists, IMF experts.
02:57Their analysis was that the tariffs put on the international trade system, the trade
03:04war has started, it seems as if President Trump has killed an atom bomb.
03:11News is coming, you are seeing Bloomberg, Trump's tariff chart of death, consider it,
03:18that this is the death chart, these tariffs.
03:22After that, you can see the story of New York Times, Global Stocks Plunge, Extending Route
03:29Caused by Trump's Tariff.
03:31The stock of the whole world is sitting.
03:34New York Times is telling how the stock has fallen down.
03:38Viewers, these are the Arab Heart Dollars, not money, which are the droppings of international
03:44companies.
03:45You can see, The Guardian has also covered this and President Trump is saying that sometimes
03:51you have to take this hard medicine, if the disease gets worse.
03:57The effects of the Trump tariff are like Europe and Asia, in Pakistan's stock exchange,
04:04the first day of the new week, there was a sharp decline in demand.
04:09A short time after the start of the Pirco business, there was a historical shortage of 6287 points
04:17due to which the business had to be suspended for a while.
04:22According to the Pakistani Stock Exchange, this is the biggest shortage in one day.
04:28After the suspension, the market recovered to some extent and at the end of the business
04:34period, 100X was closed at 114,909.
04:40In total, there was a shortage of 3882 points in the Pirco index.
04:47Due to the Trump tariff, the global stock market was in a slump.
04:52Japan's stock market was 7.8% in the index, Australia 4.2%, South Korea 5.6%, Shanghai
04:597.3%, Taiwan 9.7%.
05:04In the US stock market, there was a 6% decline.
05:09According to JP Morgan, there is a 60% increase in the US and global markets.
05:16There is a 13.5% decrease in the international oil market.
05:20According to the international media, if President Trump and the new US government
05:28do not take this decision, the US economy will sink and there will be a recession in the world.
05:35Businesses are already in a slump.
05:39The whole world is wondering if the business of life will move forward.
05:45Mr. Hassan Yousuf, let's listen to Trump's story first.
05:57There are hundreds of billions of dollars a year we lose with China.
06:00And unless we solve that problem, I'm not going to make a deal.
06:03They have to solve their surplus.
06:05We spoke to a lot of leaders, European, Asian, from all over the world.
06:10We've been treated so badly by other countries because we had stupid leadership that allowed this to happen.
06:16The problem is that Europe has made a fortune with us.
06:19Europe's treated us very badly.
06:21We put a big tariff on Europe.
06:24But there's no talk unless they pay us a lot of money on a yearly basis.
06:28What's going to happen with the market? I can't tell you.
06:30I don't want anything to go down.
06:32But sometimes you have to take medicine to fix something.
06:35Sometimes you have to take the medicine to fix things up.
06:39He is also saying that yes.
06:41Yes, it's a bitter pill. I agree.
06:43President Trump is asking for it.
06:45But the effects that are happening.
06:47I mean, there are effects in Pakistan too.
06:49We have a small stock market.
06:51But it's interlinked.
06:53Your London is interlinked.
06:55Then it's with New York.
06:57All these stock exchanges are interlinked.
07:00So overall, President Trump has taken a bitter pill.
07:03But he has decided for the benefit of his country.
07:05He is a businessman.
07:06He doesn't trade in losses.
07:08Those who are trading, they know that for the time being,
07:11their economy will also suffer losses.
07:13But the world has shaken once.
07:15So now there will be negotiations on tariffs.
07:17Let's do it.
07:18Let's bring them to a better tariff.
07:20America is taking less taxes.
07:22Things are being imported into their country.
07:25And the things that are being exported,
07:27they are paying more taxes on them.
07:29So if you look at it from their own perspective,
07:31what is President Trump's decision?
07:33In my opinion, he says that in Europe,
07:35you see how much taxes are imposed.
07:37Are there so many taxes in America or not?
07:39So if a European product comes to America,
07:41it will pay less tax.
07:43And if America's product goes to Europe,
07:45it will pay more tax.
07:46So he says, keep equality, keep trade.
07:48He has put a very simple formula,
07:50that the way you are with us,
07:52we will keep the same attitude with you.
07:54Mr. Chaudhary, the critical analysis
07:56that is being done on this Trump decision,
07:58comprehensive reporting is being done.
08:00The activists all across,
08:02obviously, are anti-Trump at the moment.
08:05The decision has come from the European Union
08:08that we are talking about it.
08:10If it doesn't work,
08:12we will also take countermeasures.
08:14China has imposed 34%.
08:16Canada and Mexico are thinking about it.
08:19The Prime Minister has also made two committees
08:21from Pakistan.
08:23They will also negotiate.
08:25Now, what is being said on this,
08:27in America, their academics,
08:29their educated people,
08:31they are saying that
08:33if America has been in so much loss
08:35in the last 50 years,
08:37which President Trump is saying,
08:39then the American economy
08:41has increased in the last two decades.
08:43The per capita income in America
08:45has increased.
08:47The overall economy of America
08:49has increased.
08:51The billionaires in America
08:53are present.
08:55The high-tech companies in America,
08:57from Google to Facebook,
08:59now TikTok is also going there.
09:01All the companies have billions of dollars.
09:03Amazon is doing business.
09:05And even now,
09:07the biggest economy in the world
09:09is America.
09:11If there was so much injustice
09:13against the American system,
09:15then what is the reason
09:17that America is still the biggest economy
09:19in the world?
09:21This is not our subject,
09:23but there is chaos in the world right now.
09:25We can comment on this.
09:27You have seen over the years,
09:29and these stock markets
09:31have gone down in COVID.
09:33In one day,
09:35the American stock market went down.
09:37And before that,
09:39there was an economic recession in 2008
09:41What is your opinion on this?
09:43You also travel the world.
09:47No, I have not traveled the world.
09:49You have confused me.
09:53President Trump
09:55has taken this decision
09:57on the tariff
09:59or for other reasons.
10:01Today,
10:03not even 1% positive indication
10:05has come that
10:07there is an improvement in America.
10:09And people have lost
10:11trillions of dollars
10:13in stock exchanges.
10:15And everywhere,
10:17losses and losses and more losses.
10:19This has created
10:21a very scary situation.
10:23I don't see
10:25any positive thing.
10:27He will have to
10:29sooner or later
10:31withdraw from
10:33these kind of harsh measures.
10:35First, a person works,
10:37creates a model.
10:39America is
10:41a small country.
10:45It is not a country in Africa
10:47or Asia
10:49that has no impact.
10:51America's economy
10:53and the impact
10:55on the world
10:57has caused
10:59an uproar.
11:01And he is not stopping.
11:03And this is not the last
11:05Trump
11:07thinks that
11:09he is empowering America.
11:11And the white people
11:13in America,
11:15note this.
11:17The rest say that they don't care.
11:19They are
11:21walking on their own path.
11:23If there is any good
11:25aspect of this,
11:27I am sorry. If you see anything,
11:29let me know.
11:31I would like to add something.
11:33In the last two decades,
11:35there have been so many wars.
11:37We have not seen
11:39what they got from those wars.
11:41What did they get from those wars?
11:43What did they do in Iraq?
11:45Even in Afghanistan,
11:47they say that they had some financial benefit.
11:49There is a conspiracy.
11:51Trump says that
11:53he has to take
11:55hundreds of billions.
11:57When you were
11:59a big shot,
12:01did you roll back?
12:03The supporters of
12:05President Trump
12:07say that President Trump is a businessman.
12:09He always makes good deals.
12:11And at the end of the day,
12:13he is successful as a businessman.
12:15Therefore,
12:17what he has done
12:19will lead America to success.
12:21The beauty of the American system
12:23is that
12:25there are mid-term elections.
12:27There will be mid-term elections
12:29after the mid-term elections.
12:31So, every American president
12:33gets a real-time check
12:35halfway through his term.
12:37Two years later,
12:39there will be mid-term elections.
12:41Two years later,
12:43there will be mid-term elections.
12:45In the mid-term elections,
12:47the American people
12:49get support.
12:51There is a reaction.
12:53There is a course correction.
12:55This is the beauty of the American system.
12:57The political situation
12:59in Pakistan is very tense.
13:01Over the week,
13:03there was a meeting
13:05on 4th April.
13:07There is a positive aspect.
13:09There is a positive aspect.
13:11What are you talking about?
13:13President Trump's actions.
13:15Obviously,
13:17he was shot.
13:19He was shot.
13:21He was shot.
13:23Be patient.
13:25Be patient.
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19:31We are still doing flood irrigation, the world is still on drip irrigation.
19:41President calls for completion of Kachhi canal project in 18 months.
19:48President is sitting with a very pleasant mood.
19:53His face is telling that he is in a good mood.
19:57It was told that the construction of six strategic canals, which includes Chashma,
20:06Right bank canal, Kachhi canal, Raini canal, Greater Cholistan canal, Thar canal,
20:15This is not even of Central Punjab.
20:19This is not of Central Punjab.
20:21This is the southern area, where all the land is barren.
20:27And the land is in thousands of acres, which you are not able to utilize.
20:32See, you have to populate the deserts.
20:41You have to utilize your assets.
20:46Shivji, what are you saying?
20:48You are trying to make a non-issue into an issue. What do you want to do?
20:53God forbid, Shivji.
20:55The two parties that you heard the minister's statement a while ago,
21:00They are working with me.
21:02I think you should stop the show and go there.
21:07Let's move on to the next issue.
21:11Let's move on to the next issue.
21:13Let's move on to PTI.
21:15You know the PTI issues that are going on inside.
21:21They give a new statement every day.
21:23Sometimes Mr. Swati is eating the Holy Quran.
21:26Sometimes Mr. Sher Afzal Marwah is also giving an interview.
21:30The CMKP has given a statement the other day.
21:36That I gave tickets to Atif and Asad Qaisar to the KP assembly.
21:41Because they are conspiring.
21:43There has been a lot of controversy over that.
21:45There is also talk about the back-channels.
21:50Those who were supposed to form an alliance,
21:52The JUIF people are saying that we should first clear our own issues.
21:57What is Mr. Kamran Mutaza Senator saying?
22:00These things are alarming for us.
22:03Will these back-door contacts remain in the hands of a party or not?
22:08We had put this in the first reservations.
22:12And said that this will not happen.
22:14If someone has contacts, then he will decide the order of the alliance.
22:19That alliance has not been formed yet.
22:21Or even the old alliance.
22:23I don't even know the order of that.
22:26And this is going on.
22:28So this will become difficult for us.
22:35Mr. Chai, they are saying good things about the alliance.
22:38Tell us a story.
22:39What is going on in Pakistan?
22:41You are being asked questions.
22:44You are laughing and saying that nothing has happened.
22:46Tell us, what are they doing?
22:48Bani is sitting inside.
22:50And this time you have brought halal food.
22:52According to you, you are using it.
22:54Yes, Mr. Chai.
22:56Barista Gauhar has told the party members not to make any statements.
23:01And not to bring out the differences of the party.
23:06Today's statement.
23:08And about the second alliance, he said that the JUIF had asked for 15 days.
23:14We are waiting for that.
23:16And thirdly, I had a talk with Aleema Khan today.
23:21He said that he has only said that he has a meeting with his brother on 8th.
23:30If they don't let him meet, then we will sit outside and protest.
23:37Now he said that the whole party is calling us.
23:40They are asking where we are and where we are going.
23:42He said that he didn't think of anything before.
23:45Now that we are sitting on a genuine issue.
23:50So what are you going to do by coming here?
23:53If they let him meet.
23:55Mr. Chai, I would like to ask you a question.
24:00Aleema Khan is the only sister of PTA's founding chairman.
24:04There is a structure of the party.
24:08There is a chairman, general secretary, information secretary, people from provincial chapters.
24:12So they have to decide whether they want to sit outside or not.
24:16They had to go on Eid.
24:18They had to sit outside.
24:20So does this mean that Mr. Aleema Khan doesn't have to decide?
24:22Or those people who are not on the scene, they don't have to decide?
24:24No, they are saying what they want.
24:26See, they can do whatever they want as a family.
24:28I am talking about the party.
24:30Party with party.
24:32I have said that the party has nothing to do with you.
24:36What information do you have?
24:38I have talked to them.
24:39Yes, Mr. Chai, complete it.
24:42Yes, Mr. Chai.
24:44I have information that as far as Imran Khan and the party are concerned,
24:51they are going to take direct action.
24:54Just wait for a couple of hours or maybe one or two days.
24:58Direct action?
25:01No, they are saying that there will be a decision from within.
25:04Yes, a decision.
25:06What kind of action will there be?
25:08No, you see, they are going to lose the medal.
25:12No, they are not going to lose the medal.
25:14What Mr. Kamran Murtaza is saying is a waste of trust.
25:19Jamaat-e-Ulma Islam will never trust Tariq-e-Insaaf
25:24until Tariq-e-Insaaf signs an agreement with them.
25:34Why did you bring the first black?
25:36Let's do black and white.
25:37No, I like their white better.
25:39White looks better.
25:40Okay, so when the name of JUA comes up, I do white.
25:42I do black and white.
25:44Yes, that's what I do.
25:45So now Tariq-e-Insaaf also doesn't trust Imran Khan and Jamaat-e-Ulma Islam.
25:51And they have a habit that when they have their own work,
25:54they fall at the feet of others.
25:56And when the work is done, the interest is over,
25:59then they don't lift it.
26:01Like when Chief Justice Jaya Afridi went to meet,
26:04when Umar Rajoo was going,
26:06he took all his people,
26:08but he didn't even lift them.
26:10Kamran Mirza was the one who felt in his heart
26:13that Tariq-e-Insaaf won't take me to meet the Chief Justice.
26:16They won't take me because it was their own decision.
26:18Now, they don't want to form an alliance.
26:21But the mutual differences,
26:23they will now take even more intensity.
26:27In what way?
26:28In many ways.
26:30Because you see, the party officials who are going…
26:32They will shoot everyone.
26:33They are shooting everyone in Khyber Pakhtunkhwa
26:36who are against Ali Meen.
26:39And Ali Meen's government is working with everyone
26:44who are against that particular leadership.
26:47The anti-group.
26:48Ali Meen has made his own group within PTI.
26:51They have their lovers and their haters.
26:54Now, they have their haters.
26:56Now, many people have taken over the party organization.
26:59The question is, you are trying to say
27:02that tomorrow, this umbrella of PTI,
27:05this umbrella of Bani, will be removed.
27:09How do you feel?
27:11In case, if they try to remove Ali Meen,
27:14if that happens,
27:15then I think Tariq-e-Insaaf will lose their government,
27:18Khyber Pakhtunkhwa.
27:20Then, Ali Meen Gandapur will most likely remain the same
27:23or the government will be taken away from them.
27:25You are not making a new entry road.
27:27Time will prove it.
27:29Ali Meen Gandapur is a sensible man.
27:31And his sensibility is that
27:33he has kept both the houses happy till now.
27:37He is successful.
27:38He is successful till now.
27:39But, you see,
27:40the boat that is on board,
27:41it always breaks.
27:42This is also said.
27:43Okay, okay.
27:44Okay, viewers,
27:45you have seen,
27:46obviously, Ali Meen Gandapur,
27:48he knows that Purvez Khattak,
27:49tomorrow, he will have to go and
27:51become Shabaz Sharif's son-in-law.
27:53So, he will be very careful.
27:54Let's go to the break.
27:56After the break,
27:57we will talk about
27:59the Mineral Investment Forum,
28:01which is going to be held in Pakistan for two days.
28:03It is going to be a very big event in Pakistan.
28:05It is being hosted by Prime Minister.
28:07Tomorrow,
28:08the first morning function will be held there.
28:10Farmers' staff will also be guest of honour.
28:13Under this forum,
28:15what things will be discussed?
28:17What type of investment
28:19will be available?
28:21Where are the investors coming from?
28:23We will talk to you in detail after the break.
28:25Welcome back, viewers.
28:29We will talk about the Mineral Investment Forum
28:32which is going to be held in Pakistan
28:34in two days.
28:36But first,
28:37we will take you to Sandak,
28:39Chaghi, Balochistan.
28:41Our representative,
28:42Hassusi Laiqur Rehman,
28:43went there over the weekend.
28:45He has prepared a special report there
28:47on how Sandak project is being worked on.
28:50He will tell you about the valuable
28:52material that is being extracted from there.
28:55Allah the Almighty has blessed Pakistan
28:57with countless blessings
28:58which play a central role in the happiness
29:00and development of any nation.
29:02Pakistan is the owner of minerals
29:04including gold, copper and iron,
29:07marble, oil and gas.
29:11The government is making serious efforts
29:13to make the best use of these minerals.
29:17One of these is the Sandak Copper Gold Project.
29:20In the 1970s,
29:22the Geological Survey of Pakistan
29:24started its work.
29:25During which,
29:26it had to face numerous challenges.
29:28However,
29:29China's MCC company,
29:30in the 1960s,
29:32despite numerous failures,
29:34with unwavering dedication,
29:36in 2001,
29:37made this project a success.
29:44In the past 15 years,
29:46350,000 tonnes of pure copper
29:48and some gold and silver
29:50have been mined in Pakistan.
29:52By 2037,
29:54300,000 tonnes of pure copper
29:56will be mined from here.
29:58However,
29:59the age of this project
30:00may increase to 30 years.
30:04In the dry areas of Chagi,
30:06Pakistan and China
30:08have been working together
30:10for the past two decades
30:12on the Sandak project
30:14to extract gold, copper and silver
30:16from other minerals.
30:18After working on the North and South
30:20reserves,
30:21we are now working on the East zone
30:23on the open pit.
30:25Over the past five years,
30:27a large amount of ore has been mined
30:29and it is expected that
30:31for the next 13 years,
30:33more work will continue
30:35and different types of minerals,
30:37especially copper, gold and iron,
30:39will be mined.
30:41According to the plan,
30:43different types of minerals
30:45are mined through the open pit company.
30:47More than 24,000 tonnes of pure copper
30:49are being mined from here every year.
30:52Our main product here is
30:54copper, gold and silver.
30:56We have three main products
30:58in the North zone
31:00and copper, gold and silver
31:02are our main products in the East zone.
31:04I was 18 years old
31:06when I contracted with the Government of Pakistan.
31:08I have been working here
31:10for the past five years.
31:12150 million tonnes of ore
31:14are mined here.
31:16The maximum ratio here
31:18is copper.
31:20There is also gold.
31:22But mostly,
31:24copper is mined from here.
31:26This is the place where
31:28raw ore is mined
31:30and after processing,
31:32a proper copper is formed.
31:34According to the planning,
31:36more than 350,000 tonnes of pure copper
31:38have been mined here.
31:40By 2037,
31:42more than 300,000 tonnes of pure copper
31:44and gold have been mined
31:46for the purpose of mining.
31:48One is copper,
31:50the other is gold and silver.
31:52These three things
31:54we recover.
31:56We get concentrates
31:58from the concentrators.
32:00We add fluxes
32:02to them
32:04and then we charge them
32:06in the furnace.
32:08After the furnace,
32:10we make mats.
32:12During mining,
32:14quality control and international standards
32:16are ensured.
32:1899.3% of pure copper and gold
32:20is sold at the international level.
32:22As of now,
32:24more than 2 million dollars
32:26have been made.
32:28The raw ore
32:30which is 0.3%
32:32is upgraded
32:34to 22%.
32:36The ore is processed
32:38to 2.7 million tonnes.
32:40On a daily basis,
32:42we process
32:4413,000 to 14,000 tonnes.
32:46We produce
32:48around 120 tonnes
32:50of concentrates from new plants
32:52whose grade is 23%.
32:54The old plant
32:56which we call 425,
32:58produces
33:00200 tonnes of concentrates.
33:02Its grade is also
33:0420 to 23%.
33:06China's company MRDL
33:08is fulfilling its social responsibilities.
33:10On a priority basis,
33:12it provides sanitary schools
33:14and hospitals
33:16with clean water.
33:18In addition,
33:20the company provides
33:22health and education
33:24to thousands of people
33:26which improves
33:28the quality of life.
33:30I want to be a doctor
33:32when I grow up.
33:34I am Nargis.
33:36I study in Oxford.
33:38When I grow up,
33:40I want to be a doctor.
33:42NewSoft's machine
33:44is implanted
33:46in Islamabad.
33:48In a radius of 700 km,
33:50we cover
33:52patients from
33:54Naukundi, Taftan,
33:56Border Par,
33:58Iran.
34:00Most of the patients
34:02come to us
34:04because of our
34:06well-trained
34:08and experienced staff
34:10like our HOD,
34:12Dr. Liu,
34:14and our qualified
34:16Pakistani doctors.
34:18We are benefiting
34:20from the positive effects
34:22of Sandak's project.
34:24Ever since the company
34:26came here,
34:28the people of the area
34:30have been getting
34:32their education.
34:34They come to our house
34:36and we go to the notables
34:38and we call the Chinese
34:40and they come
34:42and meet us.
34:44Everything is clear.
34:46The company has more than
34:48300 employees.
34:50All of them are our employees.
34:52In the country,
34:54there are many
34:56financial institutions
34:58in search of copper,
35:00which can be helpful
35:02in providing
35:04employment opportunities
35:06in remote areas.
35:08With Sandak's project,
35:10the country's various
35:12financial resources
35:14can be used
35:16for the benefit
35:18of the country's economy.
35:20With cameraman Javed Altaf,
35:22Airline News,
35:24Sandak Project.
35:26Ladies and gentlemen,
35:28we have invited
35:30Mahr-e-Madniyat
35:32Mr. Shehzad Ishfaq.
35:34He is also engaged
35:36in the Pakistan Minerals
35:38Investment Forum.
35:40Thank you very much,
35:42Mr. Shehzad.
35:44Please tell us
35:46about Sandak Project.
35:52What is the target
35:54of this forum?
35:56What is the magnitude
35:58of the investment?
36:00In which sectors
36:02will it be invested?
36:04What kind of minerals
36:06is being focused on?
36:08Sandak Project
36:10has been going on
36:12for a long time.
36:14It has received many benefits
36:16from the local community.
36:18When mining starts,
36:20the local stakeholders
36:22benefit a lot.
36:24They get benefits
36:26from the development
36:28of local communities.
36:30Similarly,
36:32the main PIMF conference
36:34is trying to attract
36:36investment because
36:38Pakistan's mineral sector
36:40is a very large sector.
36:42However, it has not been
36:44focused on it.
36:46Sandak is one of the
36:48largest mines.
36:50However, the mines of
36:52Pakistan are also large
36:54on a global scale.
36:56Millions of dollars
36:58are being invested in it.
37:00Once the development
37:02and progress of the mine
37:04is online,
37:06other people will be
37:08interested in it.
37:10The country will benefit a lot
37:12from it.
37:14People will get jobs
37:16in foreign currency
37:18exchanges.
37:20What is the status
37:22of the project?
37:24When will it be operationalized?
37:26When will we get
37:28the finished product?
37:32The progress
37:34of the project is good.
37:36Barrick Gold, RDMC
37:38and the local stakeholders
37:40are working fast.
37:42As far as we know,
37:44production will start
37:46in 2028 or 2029.
37:48This is a two-phase project.
37:50The first phase will be
37:52of four years.
37:54The second phase will be
37:56of two years.
37:58The first phase will
38:00process 45 million tonnes
38:02per annum.
38:04The second phase
38:06will process 90 million tonnes
38:08per annum.
38:10The country will
38:12export 3 to 3.5 lakh tonnes
38:14per annum.
38:16There are a lot of
38:18mineral resources in Pakistan.
38:20There are valuable
38:22resources like
38:24iron, copper,
38:26gold and gas.
38:28Why has the untapped sector
38:30been left in Pakistan?
38:32If we are going to tap it,
38:34how much worth
38:36are these resources?
38:38What role do they play
38:40in repaying
38:42Pakistan's loan?
38:44Is it enough
38:46to take Pakistan out of this?
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