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2 clusters · 7 sources · 3 days · First seen · Last updated

Pakistan mineral sector development strategy

Overview

Pakistan is working to expand its mining sector, which currently contributes less than 3 percent to the national GDP, by leveraging estimated mineral reserves valued at $8 trillion. The country is positioned within the Tethyan Metallogenic Belt, containing essential minerals such as copper, gold, lithium, and rare earth elements.

A central element of this economic strategy is the Reko Diq copper and gold project in Balochistan. This project is a joint venture involving Barrick Gold Corporation, the Balochistan government, and three federal state-owned companies. Production is expected to begin its first phase by the end of 2028.

The government aims to increase annual mineral exports from $3 billion to $8 billion through improved infrastructure, governance, and international partnerships. To attract global interest, Pakistan has signed agreements with US-based US Strategic Metals and scheduled the Pakistan Minerals Investment Forum 2026 for November in Islamabad.

Entities

Barrick Gold Corporation · Institute of Cost and Management Accountants of Pakistan · Reko Diq · Pakistan · Barrick Gold

Timeline

  1. [BUSINESS] 2 sources
    Pakistan mineral reserves estimated at $8 trillion

    Pakistan holds an estimated $8 trillion in mineral reserves, with the Reko Diq copper and gold project serving as a major economic driver for potential GDP and export growth.

  2. [BUSINESS] 5 sources
    Pakistan targets $8 billion in mineral exports via critical reserves

    Pakistan aims to boost mineral exports from $3 billion to $8 billion by leveraging $8 trillion in estimated reserves, highlighted by the Reko Diq copper and gold project.

Sources

dailykhabrain.com.pk · energyupdate.com.pk · express.pk · techjuice.pk · techx.pk · thedailycpec.com · urdu.arynews.tv