ISLAMABAD – Pakistan’s much-anticipated Reko Diq project is set to bring major economic benefits, with an estimated revenue of $53 billion over the next 37 years.
According to the Ministry of Petroleum, the massive gold and copper mining venture will begin production in 2028. The total development cost is projected at $7.7 billion. During construction, the project is expected to create around 7,500 jobs, offering a significant boost to employment in Balochistan.
To support the project, authorities have finalized limited financing worth $3.5 billion. Financial projections suggest the mine will generate an operating cash flow of $90 billion and a free cash flow of $70 billion during its life span.
Out of the expected $53 billion revenue, the federal government will receive $11 billion. Government Holdings (Private) Limited is projected to secure $15 billion, while the Government of Balochistan will benefit from $11 billion in financial revenue. Additionally, Balochistan will gain $9 billion through mineral resources equity and another $6 billion through its free stake in the project.
Officials emphasize that Reko Diq will not only strengthen Pakistan’s economy but also play a vital role in the prosperity of Balochistan. With vast mineral wealth, the region stands to gain long-term economic and social benefits.
The project has already been recognized among the five largest gold and copper mines in the world, highlighting its global significance.
The Economic Coordination Committee (ECC) has approved all financing agreements related to Reko Diq, paving the way for timely implementation. Authorities remain confident that the project will transform Pakistan’s mining sector and open new avenues of growth.
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