The first phase of development fund for Reko diq project has been approved.
With the support of Special Investment Facilitation Council, the project has entered a new phase of practical progress.
The project with a free cash flow of 74 billion dollars will prove to be a game changer for Pakistan's economy.
It will provide long-term employment and construction opportunities to more than eleven thousand local people.
The annual processing capacity of the project will be increased from 45 million to 90 million tons by 2034.
The partnership between Barrick Gold, the Government of Pakistan and Balochistan provincial Government will ensure long-term sustainability of the project.
The recently organized Pakistan Minerals Investment Forum 2025 in Islamabad drew attention of global investors to Reko Diq and other mineral deposits in Pakistan that will help open new avenues of development in the mining sector through modern machinery and global technology.