PAKISTAN
The Reko Diq Project has officially entered a new phase of development following the approval of funding for its first phase, PTV News reported today. Backed by the Special Investment Facilitation Council (SIFC), this milestone marks a major step forward for one of the world’s largest undeveloped copper-gold deposits.
The announcement came during the Pakistan Minerals Investment Forum 2025, where international investors showed keen interest in Reko Diq and other mineral reserves across the country, signaling growing global confidence in Pakistan’s mining sector.
According to officials, the project is expected to generate an estimated $74 billion in free cash flow over its lifetime, positioning it as a major contributor to Pakistan’s economic future.
Developed through a partnership between Barrick Gold, the Government of Pakistan, and the Government of Balochistan, the project will employ cutting-edge global technology and modern machinery to enhance mining operations. Its annual processing capacity is expected to double from 45 million tons to 90 million tons by 2034.
In addition to economic benefits, Reko Diq will create 7,500 construction jobs and provide long-term employment to 4,000 local workers.
The SIFC’s involvement has played a critical role in accelerating the project’s progress and strengthening international trust in Pakistan’s mineral development potential. ISLAMABAD: Engineering Review Report
