Green Light for Reko Diq Project’s First Phase of Development Fund | A New Economic Era for Pakistan Begins

In a significant move for Pakistan’s economy, the first phase of the development fund for the Reko Diq Project has officially been approved. With the active support of the Special Investment Facilitation Council (SIFC), the project is now entering a new phase of practical progress marking a major milestone for the country’s mining and investment landscape.

Reko Diq Back History

This isn’t just any development. The Reko Diq Project is backed by a massive $74 billion free cash flow, positioning it as a game-changer for Pakistan’s economic future. Imagine a project with the power to reshape industries, create thousands of jobs, and attract global attention—that’s exactly what’s happening here.Radhika Merchant: The Graceful Dancer, Business Woman, and New Member of the Ambani Family

More than 11,000 local workers will benefit directly through long-term employment and construction opportunities, boosting local economies and uplifting communities.

The scale is just as impressive. By 2034, the project’s annual ore processing capacity is expected to skyrocket from 45 million tons to 90 million tons. That means more production, more exports, and more revenue for Pakistan.

What makes Reko Diq even more promising is the strategic partnership between Barrick Gold Corporation, the Government of Pakistan, and the Government of Balochistan. This three-way alliance ensures not only the long-term sustainability of the project but also fair distribution of profits and opportunities across stakeholders.

The recent Pakistan Minerals Investment Forum 2025, held in Islamabad, spotlighted Reko Diq among other untapped mineral reserves in Pakistan. The event drew strong interest from international investors, eager to participate in a market rich in resources and primed for modern mining innovations.

As Pakistan taps into advanced machinery and global technology, the mining sector is gearing up for a revolution one that could unlock billions in revenue and reshape the country’s economic narrative.