The Reko Diq project in Balochistan is advancing steadily, with financing for the USD 7.7 billion copper and gold mining initiative nearing completion, officials told the Senate Standing Committee on Petroleum on Tuesday. 

Masood Nabi, Managing Director of GHP, highlighted that the project is expected to generate around USD 26 billion in economic benefits for Balochistan over its projected 37-year operational lifespan. Of this, the federal government could earn USD 11 billion, while Pakistani companies stand to gain USD 15 billion. Nabi also noted that any extension of the Reko Diq mining operations could further increase these economic benefits for the Pakistani economy. 

According to the Secretary of the Petroleum Division, roughly 20 per cent of the groundwork has already been completed, and first-phase production is anticipated by the end of 2028. 

Recognised as one of the largest mining projects in Pakistan, the Reko Diq project focuses on copper and gold mining. It is expected to deliver substantial revenue streams to both the federal government and local companies, while also creating employment opportunities in Balochistan. 

The Reko Diq financing and upcoming first-phase production in 2028 underline the growing importance of the Pakistan mining sector for investment and national economic growth.