The Special Investment Facilitation Council, foreign company Barrick Gold Corporation, and the Reko Diq Project in Balochistan are working together to provide an opportunity that will greatly strengthen Pakistan’s economy.
An estimated 10 billion dollars would be added to Balochistan’s economy over the course of three decades by the project, which is predicted to produce $1 billion dollars a year over the previous 40 years.
The project is expected to generate 4,000–10,000 employment throughout the building phase.
Having invested in Reko Diq to the tune of fifty percent, Barrick Gold Corporation intends to support local communities by funding medical facilities, educational initiatives, and CareerSource centers.
The strategic significance of the project is underscored by the continuing negotiations between Saudi Arabia and Pakistan for a share in it.
Producing using cutting-edge mining equipment to boost exports and promote economic progress is expected to start by 2029 with reserves of 5.87 billion metric tons of copper and 42 million ounces of gold.
