Islamabad, October 8, 2025 — In a major boost to Pakistan’s mining and economic landscape, the Reko Diq copper-gold project has secured $3.5 billion in new investment, officials confirmed on Tuesday. The development is expected to create over 75,000 direct and indirect jobs, significantly uplifting the economy of Balochistan and the surrounding regions.
The Reko Diq project — one of the world’s largest undeveloped copper and gold deposits — is jointly managed by Barrick Gold Corporation and the Government of Pakistan, including the Balochistan provincial administration. The new funding will accelerate mine construction, infrastructure development, and community uplift programs.
“This investment marks a transformative moment for Pakistan’s mining sector,” said a senior official from the Ministry of Energy. “Not only will it bring advanced mining technology and expertise, but it will also create tens of thousands of employment opportunities for local communities.”
The project, located in the Chagai district of Balochistan, is expected to begin production by 2028, with long-term plans to expand into downstream industries, including copper smelting and mineral processing. Officials highlighted that the initiative will adhere to international environmental and social standards.
Analysts believe the Reko Diq development could help Pakistan reduce its reliance on imports and boost foreign exchange reserves through mineral exports.
“This is not just an investment in mining — it’s an investment in Pakistan’s future,” said Barrick Gold CEO Mark Bristow, reiterating the company’s commitment to sustainable development and local partnership.
