Plan to establish mineral exploration company approved.

QUETTA -- Balochistan Chief Minister Jam Kamal Khan Alyani chaired a high-level meeting on Tuesday to review the proposed plan for establishing the Balochistan Mineral Exploration Company (BMEC).

The meeting decided to appoint the secretary for Minerals and MinAAeral Development as its intAeArim chief executive officer and appAAroAved a seven-member board of directors for the proposed company.

It was agreed at the meeting that Balochistan would have 90 per cent shares in the company and the remaining 10pc would go to the federal government. The head office of the company would be established in Quetta while a branch office would be set up in Islamabad.

The meeting agreed to include experts from the minerals sector in the board of directors.

It was also decided that a Chagai Foundation would be set up with the aim to develop the economic and social sectors in the Chagai district.

Provincial Finance Minister Mir Zahoor Ahmed Buledi, Chief Secretary Fazeel Asghar, Finance...