Islamabad: Pakistan’s five leading business groups have announced an investment of billions of dollars in the mining sector in Balochistan due to the efforts of the Special Investment Facilitation Council (SIFC). Lake City Holdings, Fatima Group, Deen Group, Hilton Group, and Surti Group are prepared for this landmark and far-reaching investment. These groups, with a combined market value of nearly five billion dollars, are committed to investing in Balochistan’s mining sector.

According to Radio Pakistan, this development follows a joint venture agreement between Mari Energies’ subsidiary Mari Minerals and GlobaCore Minerals for mineral exploration in Balochistan. Under the joint venture agreement, GlobaCore Minerals Limited will invest billions of dollars in Balochistan’s mineral sector. The investment will focus on exploring precious minerals, including gold and copper, in Balochistan’s Chagai District.

In this regard, former federal minister and prominent industrialist Gohar Ejaz stated that the initiation of mineral development will create vast opportunities for peace, progress, and employment in the country.