Pakistan has reaffirmed its commitment to promoting critical minerals as a driver of sustainable development and economic progress during a United Nations briefing on energy and resource security. The country pledged to work closely with members of the UN Security Council and other international partners to ensure that mineral resources contribute to stability, innovation, and […]
Reko Diq Project
US funds Reko Diq with $1.3bn boost
The United States has allocated 1.3 billion dollars for Pakistan’s Reko Diq mining project in Balochistan. The funding covers a major share of the project’s development cost. It marks a significant step for one of Pakistan’s largest mineral ventures. The financing was approved under the US Export-Import Bank’s critical minerals framework. This programme supports extraction […]
Nokundi elders reject CDC under Reko Diq project
QUETTA: Tribal elders of Nokundi have rejected the performance of the Community Development Committee (CDC) formed under the Reko Diq Mining Project and demanded its immediate dissolution and reconstitution, citing lack of representation and loss of public trust. Read More: Reko Diq committed to local employment, procurement Addressing a joint press conference in Nokundi on […]
Pakistan, Australia eye major mining partnership
Pakistan and Australia discussed a possible Intergovernmental Agreement to strengthen long-term cooperation in mining and minerals. The proposal aims to support investment, training, and technical assistance in Pakistan’s mineral and gemstone sectors. Officials said the framework would formalize collaboration and attract more Australian companies to major projects. The discussions took place between Pakistan’s federal petroleum […]
Pakistan’s export strategy boosts investor confidence: Finance minister
Pakistan has entered a stable economic phase as export-led growth gains momentum, Finance Minister Muhammad Aurangzeb said. He said strong reforms restored global and local investor confidence. The shift marks a move away from crisis management toward sustainable growth. Speaking to USA Today, Aurangzeb said consistent policies rebuilt economic credibility. As a result, Pakistan posted […]
Pakistan’s Reko Diq project gets $5B boost
Pakistan’s Reko Diq Project Gets $5B Boost has secured over $5 billion in financing for the Reko Diq mining project in Balochistan. This exceeds the original funding target of $3 billion. Major donors include the Asian Development Bank, Islamic Development Bank, International Finance Corporation, and the US Exim Bank. Development agencies from Germany and Denmark […]
US Fluor approved to lead Reko Diq project
ISLAMABAD – U.S.-based Fluor Corporation has officially received final approval to begin work on the massive Reko Diq copper-gold project in Pakistan’s Balochistan province. The green light came from Barrick Gold Corporation, which holds a 50% stake in the multibillion-dollar mine. The governments of Pakistan and Balochistan collectively own the remaining half. Fluor was selected […]