Pakistan International Bulk Terminal Limited (PIBTL) has clarified that it has not yet received any official communication regarding the exemption granted by the Public Procurement Regulatory Authority (PPRA) to handle exports of copper, gold, and other minerals.
In a statement issued on Tuesday at the Pakistan Stock Exchange (PSX), PIBTL responded to a news report claiming that the PPRA had granted the company an exemption for handling these exports. PIBTL emphasised that, as of now, no formal communication has been received from the relevant authorities on this matter.
“With reference to the news item published in today’s newspapers, it has come to our attention that the Public Procurement Regulatory Authority (PPRA) has reportedly granted an exemption to Pakistan International Bulk Terminal Limited (PIBTL) to handle exports of copper, gold, and other minerals.
We would like to clarify that, as of now, PIBTL has not received any official communication from the relevant authorities regarding this matter,” read PIBTL’s notice sent to the PSX.
Earlier, it was reported by The News that the government has granted an exemption to Pakistan International Bulk Terminal Ltd (PIBTL), allowing it to handle exports of copper, gold, and other minerals from Barrick Gold Corp.’s $6 billion Reko Diq project.
The report said that the PPRA approved the exemption last week after receiving approval from the Special Investment Facilitation Council (SIFC).
The PIBTL assured that any material information regarding the matter would be disclosed in compliance with the applicable regulations of the PSX as soon as it receives official communication from the authorities.
