Islamabad: The first phase of the development fund for the Reko Diq project has been approved. With the support of the Special Investment Facilitation Council, the project has entered a new phase of practical progress.

According to Radio Pakistan, the project, which boasts a free cash flow of 74 billion dollars, is set to significantly impact Pakistan’s economy. It aims to provide long-term employment and construction opportunities to over eleven thousand local people. By 2034, the project’s annual processing capacity is expected to increase from 45 million to 90 million tons.

The collaboration between Barrick Gold, the Government of Pakistan, and the Balochistan provincial Government is anticipated to ensure the project’s long-term sustainability. The recently organized Pakistan Minerals Investment Forum 2025 in Islamabad attracted global investors’ attention to Reko Diq and other mineral deposits in Pakistan, promising new development opportunities in the mining sector through modern machinery and global technology.