Saturday, 6 October 2012

Natural resource extraction


Balochistan's share of Pakistan's national income has historically ranged between 3.7% to 4.9%.Since 1972, Balochistan's gross income has grown in size by 2.7 times. Outside Quetta, the resource extraction infrastructure of the province is gradually developing but still lags far behind other parts of Pakistan.
There is Chinese involvement in the nearby Saindak gold and copper mining project where deposits exist in the Chagai District in Reko Diq area. The main license is held jointly by the Government of Balochistan (25%), the rest by foreign interests Antofagasta Minerals (37.5%) and Barrick Gold (37.5%). These deposits are comparable in size to those located in Sarcheshmeh, Iran and Escondida, Chile, which are the second and the third largest known deposits of copper in the world.[citation needed] The multinational mining companies BHP Billiton and Tethyan entered into a joint venture with the Balochistan government to extract these deposits. The potential annual copper production has been estimated to be 900,000 to 2.2 million tons.[citation needed] The deposits seem to be largely of porphyry rock nature.[citation needed] The agreements for royalty rights and ownership of these resources were reached during a period of unprecedented natural disasters, economic, social, political, and cultural unrest in Pakistan. The negotiations were widely considered to be insufficiently transparent.[19]

Government

Provincial symbols of Balochistan
Provincial animal Camel Camel-Desert animal.jpg
Provincial bird Houbara bustard Houbara035.JPG
Provincial tree Date Palm Phoenix dactylifera1.jpg
Provincial flower Ephedra distachya Ephedra distachya.jpg
In common with the other provinces of Pakistan, Balochistan has a parliamentary form of government. The ceremonial head of the province is the Governor, who is appointed by the President of Pakistan on the advice of the provincial Chief Minister. The Chief Minister, the province's chief executive, is normally the leader of the largest political party or alliance of parties in the provincial assembly.
The unicameral Provincial Assembly of Balochistan comprises 65 seats of which 4% are reserved for non-Muslims and 16% exclusively for women. The judicial branch of government is carried out by the Balochistan High Court, which is based in Quetta and headed by a Chief Justice. For administrative purposes, the province is subdivided into 30 districts:

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