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Tuesday, January 8, 2013

Apex Court Has Cancelled RickoDek Agreement

Supreme court in its verdict has cancelled the RickoDek agreement and declared it against the constitution it also ordered Baluchistan government to excavate gold, Court in its short verdict said that it seemed the agreement was given as a gift and unnecessary concession were included in the agrterement , moreover provincial government had no auhority to sign the agrement.copper and other minerals itself. During the hearing of ther case a report was presented in whichit was disclosed that Geological Survey of Pakistan had detected in the Chaghi area during 1970 having the largest reservoires of copper in theworld. Government had no authority to hand over the mines to foreign company violating the constitution and agrement was totally against the rules and regulations. CVourt also fined Tythian company.

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