Pakistan reaches an out-of-court deal with foreign firm that has agreed to waive $11 billion in penalties and revive one of the world's biggest gold and copper mining projects stalled since 2011
Pakistani PM Imran Khan says the project"will potentially be the largest gold & copper mine in the world".
The hugely lucrative open-pit mine project came to a standstill in 2011 after the local government refused to renew Tethyan Copper's lease, and in 2013 Pakistan's top court declared it invalid. "It will liberate us from crippling debt & usher in a new era of development & prosperity," he said in a statement.
The country is fighting several low-level insurgencies in the province, waged by militants, separatist and sectarian groups.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: