AIRLINK 164.58 Decreased By ▼ -2.36 (-1.41%)
BOP 9.30 Decreased By ▼ -0.41 (-4.22%)
CNERGY 7.54 Decreased By ▼ -0.28 (-3.58%)
CPHL 84.20 Decreased By ▼ -4.67 (-5.25%)
FCCL 42.97 Decreased By ▼ -1.61 (-3.61%)
FFL 14.82 Decreased By ▼ -0.59 (-3.83%)
FLYNG 28.21 Decreased By ▼ -0.41 (-1.43%)
HUBC 137.87 Decreased By ▼ -1.52 (-1.09%)
HUMNL 12.27 Increased By ▲ 0.20 (1.66%)
KEL 4.08 Decreased By ▼ -0.12 (-2.86%)
KOSM 5.24 Decreased By ▼ -0.24 (-4.38%)
MLCF 66.47 Decreased By ▼ -0.99 (-1.47%)
OGDC 208.00 Decreased By ▼ -4.37 (-2.06%)
PACE 5.23 Decreased By ▼ -0.30 (-5.42%)
PAEL 41.90 Decreased By ▼ -2.41 (-5.44%)
PIAHCLA 16.63 Decreased By ▼ -0.17 (-1.01%)
PIBTL 8.88 Decreased By ▼ -0.49 (-5.23%)
POWER 13.29 Decreased By ▼ -0.99 (-6.93%)
PPL 160.25 Decreased By ▼ -3.80 (-2.32%)
PRL 27.90 Decreased By ▼ -1.51 (-5.13%)
PTC 20.28 Decreased By ▼ -1.02 (-4.79%)
SEARL 83.73 Decreased By ▼ -5.26 (-5.91%)
SSGC 37.72 Decreased By ▼ -2.77 (-6.84%)
SYM 14.60 Decreased By ▼ -0.04 (-0.27%)
TELE 7.03 Decreased By ▼ -0.14 (-1.95%)
TPLP 8.74 Decreased By ▼ -0.41 (-4.48%)
TRG 62.54 Decreased By ▼ -1.73 (-2.69%)
WAVESAPP 9.02 Decreased By ▼ -0.40 (-4.25%)
WTL 1.26 Decreased By ▼ -0.03 (-2.33%)
YOUW 3.50 Decreased By ▼ -0.15 (-4.11%)
BR100 12,012 Decreased By -314.6 (-2.55%)
BR30 35,723 Decreased By -1079.9 (-2.93%)
KSE100 114,064 Decreased By -1405.5 (-1.22%)
KSE30 35,034 Decreased By -529 (-1.49%)

The Reko Diq project has advanced to a crucial development stage following the approval of first-phase funding based on a comprehensive feasibility study, as reported by the state-run Pakistan Television (PTV).

The project is expected to generate an estimated $74 billion in free cash flow, significantly contributing to Pakistan’s economy.

Barrick’s Reko Diq project in Pakistan aims new financing

During the Pakistan Minerals Investment Forum 2025, international investors expressed strong interest in Reko Diq and other mineral reserves, highlighting the growing confidence in Pakistan’s mining potential.

The project, a joint venture between Barrick Gold, the government of Pakistan, and the government of Balochistan, will see its annual processing capacity double from 45 million to 90 million tons by 2034.

The project will create 4,000 long-term jobs for locals and employ 7,500 workers during the construction phase.

Reko Diq copper and gold project is expected to lock in upwards of $2 billion in financing from international lenders, with term sheets signed by early Q3, its project director for the mine told Reuters.

The financing for phase one of the project, which is expected to start production in 2028, is being discussed with multiple lenders.

Comments

200 characters